us crude inventories

 
 

Oil jumps 3pc towards US$64 as Iran shoots down US drone in Gulf

LONDON, June 20 — Oil rose more than 3 per cent towards US$64 a barrel today after Iran shot down a US military drone, raising fears of a military confrontation between Tehran and Washington. Expectations that the US Federal Reserve could cut…


Asian stocks subdued, oil near five-month low on US inventory build

TOKYO, June 13 — Asian stocks stuttered today, dogged by the uncertainty over an intractable US-China trade dispute, while oil prices flirted with five-month lows thanks to higher US crude inventories and a bleaker demand outlook. MSCI’s…


Wall Street steadies after sell-off, but gains muted

NEW YORK, May 31 — US stocks showed signs of stabilising yesterday, but gains were kept in check by conflicting comments on trade talks from President Donald Trump and Beijing that reinforced concerns about a potentially lengthy battle harming…


Oil majors drive gains on FTSE 100, FirstGroup climbs on mid-caps

LONDON, May 30 — Gains in heavyweight oil company shares helped London’s main index inch higher today even as some aversion to risky assets prevailed after Beijing dialled up the rhetoric against Washington in their protracted trade war. The…


Global stocks climb on muted trade hopes, dollar slips

NEW YORK, May 25 ― World equity markets rebounded yesterday from the previous day's sharp fall, after US President Donald Trump said complaints against China's Huawei Technologies Co Ltd might be resolved within the framework of a Sino-US trade…


Asia feels chill from Sino-US tech cold war

SYDNEY, May 23 ― Asian shares were stuck in the red today amid worries the Sino-US trade conflict was fast morphing into a technology cold war between the world's two largest economies. Late yesterday, Reuters reported the US administration was…


Saudi’s Falih says oil stocks still building, but Opec to act if needed

JEDDAH, Saudi Arabia, May 18 — Saudi Arabia’s Energy Minister Khalid al-Falih said today that Opec will be responsive to the oil market’s needs, but that he was not sure there is an oil shortage with data, particularly from the United States,…


US sanctions on Huawei send stocks reeling; yields fall

LONDON, May 16 — European stocks fell, government bond yields slipped and the Japanese yen firmed today after the US government hit Chinese telecoms giant Huawei with severe sanctions, further straining Sino-US trade ties. An index of European…


Asian shares win reprieve as Trump seen delaying auto tariffs

TOKYO, May 16 — Asian shares steadied today on news that US President Donald Trump is planning to delay tariffs on auto imports, providing much needed relief to markets hit by a flare-up in trade tensions and on weak US and and Chinese economic…


Asia stocks rebound from 3.5-month lows as trade fears ease

TOKYO, May 15 — Asian stocks rebounded from a 3-1/2-month low today as a slight softening in rhetoric from US President Donald Trump eased worries about the US-China tariff war, and on expectations that Beijing could unveil more economic stimulus….