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The perfect storm that could drive oil even higher

2 days ago DieselGasoil Comments Off on The perfect storm that could drive oil even higher
After rallying more than 30 percent year to date, oil prices could be set for a further upside in coming weeks as a combination of near-term bullish supply-side factors could push prices higher than current levels. Over the next few weeks, several critical geopolitical events could set the trend for even higher oil prices in Read More

U.S. trade deficit hits eight-month low on weak Chinese imports

7 days ago DieselGasoil Comments Off on U.S. trade deficit hits eight-month low on weak Chinese imports
WASHINGTON (Reuters) – The U.S. trade deficit fell to an eight-month low in February as imports from China plunged, temporarily providing a boost to President Donald Trump’s “America First” agenda and economic growth in the first quarter. FILE PHOTO: A container ship is shown at port in Long Beach, California, U.S. July 16, 2018. REUTERS/Mike Read More

Wall St. rises on tech boost, robust Johnson & Johnson earnings

1 week ago DieselGasoil Comments Off on Wall St. rises on tech boost, robust Johnson & Johnson earnings
(Reuters) – U.S. stocks rose on Tuesday, powered by stellar results from healthcare conglomerate Johnson & Johnson and gains in technology stocks, with the benchmark S&P 500 less than a percent away from its all-time high. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April Read More

OPEC gambles with success of production cuts as $80 oil looms

1 week ago DieselGasoil Comments Off on OPEC gambles with success of production cuts as $80 oil looms
By Grant Smith on 4/16/2019 LONDON (Bloomberg) — After managing to revive oil prices through production cutbacks, OPEC now risks squandering its victory again by letting crude surge too high. In the first quarter, coordinated production curbs by OPEC and its allies helped oil rally the most in almost a decade, restoring prices to over Read More

Wall Street slips as bank earnings disappoint

1 week ago DieselGasoil Comments Off on Wall Street slips as bank earnings disappoint
NEW YORK (Reuters) – Wall Street lost ground on Monday, dragged down by financials as underwhelming bank earnings curbed investor enthusiasm. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid But while all three major U.S. stock indexes edged lower, the Read More

Bank results curb Wall Street, oil falls as Russia mulls production boost

1 week ago DieselGasoil Comments Off on Bank results curb Wall Street, oil falls as Russia mulls production boost
NEW YORK (Reuters) – Underwhelming quarterly results from U.S. banks limited gains in world stocks on Monday, and oil prices fell after Russia said it and OPEC may decide to boost production. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid Read More

Bank results impede Wall Street; oil falls as Russia mulls more production

1 week ago DieselGasoil Comments Off on Bank results impede Wall Street; oil falls as Russia mulls more production
NEW YORK (Reuters) – World stocks reversed earlier gains on Monday as underwhelming quarterly results from U.S. banks weighed on Wall Street, while oil prices fell as Russia mulled boosting production. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid The Read More

Wall Street drops after tepid big bank results

1 week ago DieselGasoil Comments Off on Wall Street drops after tepid big bank results
(Reuters) – Wall Street’s main indexes fell on Monday, following a rally in the previous session that put the S&P 500 within striking distance of its record high, as underwhelming results from Goldman Sachs and Citigroup pressured financial stocks. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New Read More

Bank results impede Wall Street, trade hopes support European stocks

1 week ago DieselGasoil Comments Off on Bank results impede Wall Street, trade hopes support European stocks
NEW YORK (Reuters) – World stocks retreated from earlier gains on Monday as underwhelming quarterly results from U.S. banks weighed on Wall Street, though progress in U.S.-China trade talks helped European stocks tread water. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. Read More

Goldman offers fresh details on overhaul progress as revenue slides

1 week ago DieselGasoil Comments Off on Goldman offers fresh details on overhaul progress as revenue slides
(Reuters) – Goldman Sachs Group Inc offered new tidbits about its sweeping operational overhaul when reporting first-quarter results on Monday, but investors focused on revenue declines across nearly all its main businesses, sending shares lower. FILE PHOTO: The ticker symbol and logo for Goldman Sachs is displayed on a screen on the floor at the Read More