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Global shares gain as Fed looms, pound rides new Brexit twists

11 hours ago DieselGasoil Comments Off on Global shares gain as Fed looms, pound rides new Brexit twists
LONDON (Reuters) – World shares inched toward their longest winning streak of the year on Tuesday ahead of a Federal Reserve meeting, while the pound kept calm after another dramatic twist in the Brexit plot bolstered bets on a lengthy delay to the process. FILE PHOTO: Traders work at Frankfurt’s stock exchange in Frankfurt, Germany Read More

Asian shares steady as Fed looms, May's Brexit deal in chaos

13 hours ago DieselGasoil Comments Off on Asian shares steady as Fed looms, May's Brexit deal in chaos
TOKYO (Reuters) – Asian shares held to tight ranges on Tuesday ahead of a Federal Reserve policy meeting, but were broadly supported near 6-1/2-month highs on expectations the U.S. central bank might strike a dovish tone, while fresh Brexit worries weighed on the pound. FILE PHOTO: Men look at stock quotation boards outside a brokerage Read More

Asian shares flat as Fed looms, May's Brexit deal in chaos

17 hours ago DieselGasoil Comments Off on Asian shares flat as Fed looms, May's Brexit deal in chaos
TOKYO – Asian shares held tight ranges on Tuesday ahead of the a Federal Reserve policy meeting, but were broadly supported near six-month highs on expectations the central bank might strike a dovish tone, while fresh Brexit worries dogged the pound. FILE PHOTO: Men look at stock quotation boards outside a brokerage in Tokyo, Japan, Read More

Oil hits 2019 high as OPEC+ re-commits to cuts in the near term

24 hours ago DieselGasoil Comments Off on Oil hits 2019 high as OPEC+ re-commits to cuts in the near term
By Ben Foldy on 3/18/2019 NEW YORK (Bloomberg) — Oil closed at its highest yet this year as OPEC and its partners committed to continuing production cuts until at least June, when they will meet to discuss an extension. Futures advanced 1 percent in New York on Monday. The group known as OPEC+ closed a Read More

Oil closes in on four-month highs on OPEC cuts, U.S. stock draw

1 day ago DieselGasoil Comments Off on Oil closes in on four-month highs on OPEC cuts, U.S. stock draw
NEW YORK (Reuters) – Oil prices rose to near four-month highs on Monday, supported by the prospect of extended OPEC-led oil supply curbs and signs of inventory declines in U.S. crude stockpiles. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo Read More

OPEC+ affirms commitment to oil cuts, defers decision to extend

1 day ago DieselGasoil Comments Off on OPEC+ affirms commitment to oil cuts, defers decision to extend
By Dina Khrennikova, Zulfugar Agayev and Annmarie Hordern on 3/18/2019 Photo: Rusiian Energy Minister Alexander Novak. BAKU (Bloomberg) — Saudi Arabia led fellow members of the OPEC+ coalition to reaffirm their commitment to output cuts, but conceded they should defer until June the decision on whether to extend the curbs. A committee of the most Read More

Asia shares, bonds count on Fed to be accommodative

2 days ago DieselGasoil Comments Off on Asia shares, bonds count on Fed to be accommodative
SYDNEY (Reuters) – Asian shares pulled ahead on Monday while bonds were in demand globally on mounting speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week. FILE PHOTO : A man looks at an electronic stock quotation board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, November Read More

Asia shares, bonds underpinned as Fed seen accommodative

2 days ago DieselGasoil Comments Off on Asia shares, bonds underpinned as Fed seen accommodative
SYDNEY (Reuters) – Asian shares pulled ahead on Monday while bonds were in demand globally on mounting speculation the U.S. Federal Reserve will sound decidedly dovish at its policy meeting this week. FILE PHOTO : A man looks at an electronic stock quotation board showing Japan’s Nikkei average outside a brokerage in Tokyo, Japan, November Read More

Oil dips on weak economic outlook, but OPEC-led cuts still support

2 days ago DieselGasoil Comments Off on Oil dips on weak economic outlook, but OPEC-led cuts still support
SINGAPORE (Reuters) – Oil prices dipped early on Monday, weighed down by concerns that a global economic downturn may dent fuel consumption. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol/File Photo/File Photo However, crude markets remain broadly supported by supply cuts led Read More

'Severe unintended consequences': OPEC threatens to kill US shale

4 days ago DieselGasoil Comments Off on 'Severe unintended consequences': OPEC threatens to kill US shale
OPEC is ready to produce at full capacity if the NOPEC (No Oil Producing and Exporting Cartels Act) bill is passed in Washington, an action that would likely kill the cash intensive US shale industry. The oil minister of the UAE, Suhail al-Mazrouei, reportedly told lenders at the meeting that if the bill was made Read More