Search Results for: crude
Asia Stocks Gain Even as Topix Swings, Yen Rises: Markets Wrap
February 22nd, 2017
U.S. currency slipped earlier on Fed official’s rates comment Chinese shares in Hong Kong resume rally; oil extends gains Asian stocks rose as markets from Hong Kong to Singapore followed a rally in the U.S. The dollar pared earlier ...
U.S. oil holds near seven-week high; OPEC upbeat on output curbs
February 22nd, 2017
Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014. The U.S. West Texas Intermediate April crude ...
Biggest gasoline glut in 27 years could crash oil markets
February 21st, 2017
Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising US oil production is acting as a counterweight. A new problem that has ...
Asia stocks consolidate recent gains; China shines
February 21st, 2017
Asian stocks held ground on Tuesday though Chinese equities surged to a fresh 2-1/2 month high as domestic funds piled into financial counters on expectations the world’s second biggest economy may have turned a corner. MSCI’s broadest index of ...
Oil prices creep higher, but overshadowed by U.S. supply
February 20th, 2017
Crude futures traded slightly higher on Monday, but the market struggled on signs that the U.S. oil production is on a steady uptrend, which could potentially thwart ongoing efforts by multiple oil producers to curb global supply. On the ...
Asia Shares Gain as Yen Weakens; Unilever in Focus: Markets Wrap
February 20th, 2017
Kraft Heinz withdraws its $143 billion bid for Unilever U.S. stock and bond markets closed Monday for President’s Day Asian stocks rose, as Tokyo shares erased morning losses after the yen weakened and Hong Kong equities resumed a rally. ...
Oil firms as OPEC floats extended output cut; markets still bloated
February 17th, 2017
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude futures were trading at $55.76 per barrel at 0311 ...
Asian Stocks Drop Even as Reflation Pullback Eases: Markets Wrap
February 17th, 2017
S&P 500 slips in New York trading, oil heads for weekly loss U.K. retail sales and U.S. leading index due on Friday Investors continued to step away from Asian equities at the end of the week even as a ...
Oil prices steady on OPEC cuts, but record U.S. fuel stocks weigh
February 16th, 2017
Oil prices held steady on Thursday, supported by ongoing supply cuts led by producer group OPEC, while rising fuel inventories and crude production in the United States dragged on prices. Brent crude futures were trading at $55.74 per barrel ...
Asia Stock rally fizzles as bonds gain; Dollar weakens
February 16th, 2017
Dollar weakens while Treasuries halt a five-day slide MSCI All-Country World Index hit a record on Wednesday The reflation trade rally that sent global equities soaring to the highest level on record was cut short during Asian hours as ...
