us stockpiles

 
 

Asian markets perked up by positive China-US trade news

HONG KONG, Dec 12 — Asian markets enjoyed healthy buying interest today on much-needed good news on the China-US trade talks, while energy firms rallied with oil prices, though the pound remained beaten down by Brexit woes. A flurry of positive…


Wall Street rallies as Cyber Monday shoppers log on

NEW YORK, Nov 27 — Wall Street bounced back yesterday as bargain hunters returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers. The S&P 500 and the Dow Jones Industrial…


Asian markets sink at end of healthy week, dollar up

HONG KONG, Nov 9 — Asian markets turned lower today as investors took their foot off the pedal at the end of a broadly positive week, while the dollar strengthened after the Federal Reserve flagged more interest rate hikes down the line. Energy…


US data drags oil lower, US dollar up after Fed minutes

NEW YORK, Oct 18 — Oil prices fell yesterday after US crude inventories rose by much more than expected and exports fell, while the US dollar added to gains after minutes showed Federal Reserve policy makers largely united on the need to raise…


Asian markets enjoy healthy rally after China-US talks offer

HONG KONG, Sept 13 — Hong Kong led a rally in most Asian markets today after the US reached out to China in a fresh bid to avert a trade war, providing some much-needed respite to weary investors. News that Treasury Secretary Steven…


Oil dips as industry data shows surprise US crude stock build

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NEW YORK, Aug 29 — Crude dropped after an industry report showed an unexpected gain in US stockpiles. Futures in New York edged lower from the settlement yesterday after the American Petroleum Institute was said to report across-the-board…


Investor optimism on global oil price wanes as demand woes loom

NEW YORK, Aug 25 — Over the past four months, investor optimism that global crude prices will rise has slumped by almost half. Hedge funds’ net-bullish position on Brent crude, a measure of how positive money managers are that prices will gain,…


Oil bounces after longest losing run since 2015 on supply risks

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SINGAPORE, Aug 24 — The prospect of tighter supplies from the US to the North Sea and Iran is helping oil recover this week from the longest losing streak since 2015. Futures in New York are headed for a 3.5 per cent gain this week, the first…


Oil extends losses after surprise US crude stockpile build

NEW YORK, Aug 15 — Oil plunged after US stockpiles rose the most since March 2017 amid investor concerns that the US-China trade war and Turkish crisis will undercut demand. Futures in New York fell as much as 3.4 per cent today. American crude…


Oil pinned near US$69 as supply risks weigh against trade battle

SINGAPORE, Aug 7 — Oil’s trading in a tight range as investors weigh falling US inventories and potential supply curbs in the Middle East against escalating trade tensions between the world’s two largest economies. Futures in New York were…