Oil prices fell nearly 4% on Thursday to their lowest since mid-June, extending the previous day’s sharp decline on the potential impact renewed coronavirus lockdowns will have on oil demand. December Brent crude futures were down $1.40, or 3.58%, at $37.71. The more active January contract...
European stock markets traded higher Friday, helped by fresh signs of economic recovery although fresh curfew measures in Europe will likely limit the gains. At 3:50 AM ET (0750 GMT), the DAX in Germany traded 0.9% higher, the CAC 40 in France rose 1.1%, while the...
Oil prices fell on Wednesday after a surprise climb in U.S. crude stockpiles added to concerns about a global supply glut as a spike in global Covid-19 cases fuels demand fears and production returns in Libya. Brent crude futures for December delivery were at $42.94 a...
Oil slid near $41 a barrel in New York before an OPEC+ meeting to assess the state of the market as demand comes under pressure once again from a resurgent coronavirus. The Joint Ministerial Monitoring Committee, which typically reviews compliance with the group’s pledged output cuts,...
European stock markets pushed higher Friday, helped by positive corporate news from index heavyweights Daimler (OTC:DDAIF) and LVMH (PA:LVMH), but overall sentiment remains weak with investors anxious over the economic impact of the second wave of the Covid-19 virus. At 3:35 AM ET (0735 GMT), the...
Oil prices slipped on Wednesday on concerns that fuel demand will continue to falter as rising coronavirus cases across Europe and in the United States, the world’s biggest oil consumer, could impede economic growth. The Organization of the Petroleum Exporting Countries (OPEC) said in its monthly...
Stimulus talks remain deadlocked as Amy Coney Barrett's confirmation hearings take center stage. Europe plots new regulations for Big Tech, China stops the yuan's rally and oil falls as Norway's strike ends and Hurricane Delta passes. Here's what you need to know in financial markets...
-A Biden presidency could bring 1 million barrels per day of Iranian oil back into the market, but lead to lower demand in the long run, an economist said this week. That’s because Democratic presidential candidate Joe Biden is likely to reestablish relations with Tehran if...
Asia-Pacific stocks mostly advanced on Wednesday as U.S. President Donald Trump called off stimulus negotiations till after the November election. The S&P/ASX 200 in Australia led gains among the region’s major markets as it rose 1.25% to close at 6,036.40, following the government’s budget announcement. The country’s finance...
-President Trump could leave hospital as soon as later Monday, while his infection has given stimulus talks fresh impetus while the Covid-19 pandemic continues to batter the globe. Stocks are set to push higher, while oil prices are rebounding from a three-week low. The September...
