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Crude oil futures steady as markets await fresh cues

19 hours ago DieselGasoil Comments Off on Crude oil futures steady as markets await fresh cues
Crude oil futures were largely steady during mid-morning trade in Asia Tuesday, after the more than $1/b surge overnight, as concerns over the global economy continue to take center stage, industry sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Market participants were also waiting for fresh cues Read More

Refinery Margin Tracker: US margins rise as crude price drop mutes bullish IMO impact

1 day ago DieselGasoil Comments Off on Refinery Margin Tracker: US margins rise as crude price drop mutes bullish IMO impact
New York — US margins got a boost from lower crude prices, while distillate cracks stubbornly remained range-bound as the countdown to IMO 2020 marches forward, an analysis by S&P Global showed Monday. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Falling crude prices have skewed expected impacts of Read More

Oil climbs as Huawei sanctions delay offers sign of trade war truce

1 day ago DieselGasoil Comments Off on Oil climbs as Huawei sanctions delay offers sign of trade war truce
By Alex Nussbaum and Grant Smith on 8/19/2019 NEW YORK (Bloomberg) – Oil climbed as the U.S. delayed sanctions against Huawei Technologies, offering a hint of progress in its trade war with China, and a drone attack in Saudi Arabia highlighted simmering Middle East tensions. Futures jumped 2.4% to top $56/bbl in New York on Read More

Lower rates could boost housing stocks, but risks remain

4 days ago DieselGasoil Comments Off on Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. After underperforming in 2018, the PHLX Housing Index .HGX is up about 30% Read More

Oil rises as Germany pledges economic stimulus, OPEC slashes output

4 days ago DieselGasoil Comments Off on Oil rises as Germany pledges economic stimulus, OPEC slashes output
New York — Crude futures edged higher Friday as Germany’s leadership pledged to undertake economic stimulus measures and OPEC reported sharply lower crude output in July. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NYMEX September WTI settled up 40 cents at $54.87/b and ICE October Brent was 41 Read More

Dollar firms, global stocks soar on ECB rate cut expectations

4 days ago DieselGasoil Comments Off on Dollar firms, global stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy. The dollar hit a two-week high against the Read More

Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain

4 days ago DieselGasoil Comments Off on Wall Street Week Ahead: Lower rates could boost housing stocks, but risks remain
NEW YORK (Reuters) – Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook. FILE PHOTO: Traders work on the floor at the New York Stock Exchange Read More

Dollar firms, stocks soar on ECB rate cut expectations

4 days ago DieselGasoil Comments Off on Dollar firms, stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption. Benchmark U.S. Treasury yields rose from three-year lows but government bond yields Read More

Feature: IMO 2020 preparations and their impacts on US exports

5 days ago DieselGasoil Comments Off on Feature: IMO 2020 preparations and their impacts on US exports
Houston — Ahead of IMO 2020, shipowners are increasingly taking ships off the water for scrubber installations, reducing tonnage availability in the Americas and supporting expectations that freight will firm in the coming months, impacting US export competitiveness. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now On January 1, Read More

Oil rises most in 7 months as tariff delay brightens outlook

1 week ago DieselGasoil Comments Off on Oil rises most in 7 months as tariff delay brightens outlook
By Alex Nussbaum on 8/13/2019 NEW YORK (Bloomberg) – Crude oil jumped the most since early January as the trade deadlock between the world’s biggest economies showed signs of easing, calming fears that global economic growth would be endangered. Futures surged as much as 5% in London on Tuesday, topping $61/bbl for the first time Read More