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Oil firms as U.S. supply concerns ease but Iran tension lingers

3 hours ago DieselGasoil Comments Off on Oil firms as U.S. supply concerns ease but Iran tension lingers
LONDON (Reuters) – Oil prices rose on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Oil steadies as U.S. supply concerns ease, Iran tension unresolved

4 hours ago DieselGasoil Comments Off on Oil steadies as U.S. supply concerns ease, Iran tension unresolved
LONDON (Reuters) – Oil prices steadied on Tuesday as a resumption of output in the Gulf of Mexico after Hurricane Barry and a boom in U.S. supply due to shale oil countered tensions in the Middle East. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November 14, 2018. REUTERS/Christian Hartmann Read More

Asian shares creep higher as wary investors await U.S. data, earnings

6 hours ago DieselGasoil Comments Off on Asian shares creep higher as wary investors await U.S. data, earnings
SHANGHAI (Reuters) – Most Asian stock markets rose on Tuesday, but gains were limited as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy ahead of a likely U.S. rate cut later this month. FILE PHOTO: The German share price index DAX graph is pictured at Read More

Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply

9 hours ago DieselGasoil Comments Off on Oil steady as U.S resumes Gulf of Mexico output amid signs of further supply
TOKYO (Reuters) – Oil prices were steady on Tuesday after falling in the previous session as output in the U.S. Gulf of Mexico resumed after Hurricane Barry swept through over the weekend and as U.S. shale production is expected to rise to a record. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Read More

Asian shares inch up as cautious investors await U.S. data, earnings

10 hours ago DieselGasoil Comments Off on Asian shares inch up as cautious investors await U.S. data, earnings
SHANGHAI (Reuters) – Major Asian equity indicators nudged higher on Monday as investors awaited U.S. retail sales data and corporate earnings to gauge the health of the world’s biggest economy, with markets remaining focused on a likely U.S. rate cut this month. FILE PHOTO: A man looks at a stock quotation board outside a brokerage Read More

Asian shares tick up, U.S. data, earnings in focus ahead of Fed

12 hours ago DieselGasoil Comments Off on Asian shares tick up, U.S. data, earnings in focus ahead of Fed
SHANGHAI (Reuters) – Asian shares inched up on Tuesday as traders awaited U.S. retail sales data and more corporate earnings to gauge the health of the world’s biggest economy, with markets remaining focused on a likely U.S. rate cut by the end of the month. FILE PHOTO: A man looks at a stock quotation board Read More

Hardisty-US Gulf Coast WCS crude spread narrows to tightest since Oct 2017

13 hours ago DieselGasoil Comments Off on Hardisty-US Gulf Coast WCS crude spread narrows to tightest since Oct 2017
The spread between the value of Canada’s benchmark heavy crude, Western Canadian Select, in Hardisty, Alberta, and on the US Gulf Coast on Monday reached its narrowest point since October 25, 2017. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The difference between the value of WCS at Hardisty Read More

Oil down for a second day as U.S. Gulf of Mexico output returns

13 hours ago DieselGasoil Comments Off on Oil down for a second day as U.S. Gulf of Mexico output returns
TOKYO (Reuters) – Oil prices fell for a second day on Tuesday as more production facilities returned to operation in the U.S. Gulf after Hurricane Barry swept through over the weekend, while Chinese economic data dimmed the outlook for crude demand. FILE PHOTO: Oil pumps are seen after sunset outside Vaudoy-en-Brie, near Paris, France November Read More

S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high

17 hours ago DieselGasoil Comments Off on S&P ends near flat as Citigroup results sink banks; Nasdaq hits new high
NEW YORK (Reuters) – The benchmark S&P 500 index ended little changed on Monday after oscillating between positive and negative territory throughout the session after Citigroup Inc (C.N) kicked off the earnings season with a mixed quarterly report. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July Read More

S&P trades near flat as Citigroup results weigh on bank stocks

18 hours ago DieselGasoil Comments Off on S&P trades near flat as Citigroup results weigh on bank stocks
NEW YORK (Reuters) – The benchmark S&P 500 index struggled for direction in choppy trade on Monday as earnings season began in earnest with a mixed quarterly report from Citigroup Inc (C.N). Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 1, 2019. REUTERS/Brendan McDermid The bank Read More