Oil prices fell slightly on Friday and were set to close the week lower as concerns over rising U.S. interest rates and a strong dollar largely offset optimism over a potential recovery in Chinese demand. U.S. producer price index inflation read higher than expected for January, coming on...
The West’s five largest oil companies raked in combined profits of nearly $200 billion in 2022, intensifying calls for governments to impose tougher windfall taxes. French oil giant TotalEnergies on Wednesday reported full-year profit of $36.2 billion, doubling last year’s total, as fossil fuel prices soared following Russia’s full-scale...
Oil prices recovered a measure of recent losses on Thursday as weakness in the dollar benefited commodity buyers, with markets now awaiting more cues from central bank meetings in Europe and the U.K. Crude prices plummeted on Wednesday after the Federal Reserve hiked rates as expected and signaled that it...
Markets in the Asia-Pacific traded higher as Lunar New Year holidays were observed in most of the region. In Australia, the S&P/ASX 200 rose 0.44% to close at 7,490.4, following Wall Street’s tech-fueled rally ahead of major earnings reports. New Zealand’s S&P/NZX 50 pared earlier gains and last traded slightly...
European stock markets are expected to open slightly higher Friday, with investors focusing on a deluge of important economic data, including U.K. growth data for November, as well as earnings from the U.S. banking sector. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded 0.1%...
The return of the Iran nuclear deal could be imminent — and with it, the return of a lot of oil to international crude markets. Before the U.S. resumed sanctions on Iran after former President Donald Trump left the deal in 2018, Iran was the third-largest...
U.S. stocks are seen opening marginally lower Friday, with investors cautious ahead of the release of a key monthly jobs report which could guide future Federal Reserve policy. At 07:00 AM ET (1100 GMT), the Dow Futures contract was down 20 points, or 0.1%, S&P 500 Futures traded 10 points,...
Shares in the Asia-Pacific were higher on Friday, led by tech stocks on the Hong Kong market. Hong Kong’s Hang Seng index jumped 2.2%, with the Hang Seng Tech index rising 4.32%. SenseTime was up 6% and Xpeng rose 7.24%. Logistics company GoGoX fell in afternoon trade to 20 Hong Kong dollars ($2.55)...
Crude markets rose for a fourth time in five days, hitting a high of almost $125 a barrel for a three-month peak, as oil bulls wagered on the rally continuing after positive data on U.S. gasoline consumption set aside fears of demand destruction from record...
Shares in Asia-Pacific largely rose on Friday, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. Shares of Alibaba listed in the city surged 12.21% after it reported Thursday fourth-quarter earnings of 7.95 yuan ($1.18) per share, excluding items,...
