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Oil will go ‘bust’ if recession hits

5 hours ago DieselGasoil Comments Off on Oil will go ‘bust’ if recession hits
Oil prices plunged again on Thursday, dragged down by fears of slowing demand. An unexpected increase in inventories underscored the downside risk to oil prices. The EIAreported a drawdown in crude stocks, but a huge 9.25 million barrel combined increase in gasoline and diesel (gasoil) inventories, which surprised traders. Also, gasoline demand plunged by 0.5 mb/d Read More

Wall St. slightly higher on Microsoft results, rate cut hopes

2 days ago DieselGasoil Comments Off on Wall St. slightly higher on Microsoft results, rate cut hopes
(Reuters) – Wall Street’s main indexes edged higher on Friday after solid results from technology giant Microsoft added to an upbeat mood following hints from a top Federal Reserve official that a U.S. interest rate cut could be imminent. Traders walk on the floor of the New York Stock Exchange (NYSE) in New York, U.S., Read More

Wall St. rises on Microsoft’s beat, rate cut euphoria

2 days ago DieselGasoil Comments Off on Wall St. rises on Microsoft’s beat, rate cut euphoria
(Reuters) – U.S. stock indexes advanced on Friday as solid results from Microsoft lifted technology stocks and added to an upbeat mood following signs from New York Fed President John Williams that the central bank would lower interest rates this month. Traders walk on the floor of the New York Stock Exchange (NYSE) in New Read More

Fed rate cut bets buoy stocks, dollar steadies

2 days ago DieselGasoil Comments Off on Fed rate cut bets buoy stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More

As ‘superstar’ cities keep winning, worrisome U.S. divide widens

2 days ago DieselGasoil Comments Off on As ‘superstar’ cities keep winning, worrisome U.S. divide widens
NASHVILLE, Tenn. (Reuters) – In the depths of the financial crisis, when the world was shunning debt and battening down for the worst, city officials here zagged in what seemed a preposterous direction and spent $600 million on a new convention center. The Space Needle is seen on the skyline of the Puget Sound port Read More

Fed rate cut bets lift stocks, dollar steadies

2 days ago DieselGasoil Comments Off on Fed rate cut bets lift stocks, dollar steadies
LONDON (Reuters) – Global stocks rose on Friday as investors firmed up bets on a U.S. interest rate cut at the end of July after a speech by a top Federal Reserve official further cemented expectations for one, fuelling appetite for risky assets and capping the dollar. FILE PHOTO: The German share price index DAX Read More

Asia stocks firm as Fed props up rate cut expectations

2 days ago DieselGasoil Comments Off on Asia stocks firm as Fed props up rate cut expectations
TOKYO (Reuters) – Asian stocks rose on Friday after a top Federal Reserve official cemented expectations of a U.S. interest rate cut later this month, fuelling appetite for riskier assets and keeping a cap on the dollar. FILE PHOTO: A man in a bicycle stops in front of an electronic board showing the Nikkei stock Read More

Asia stocks gain, dollar sags as Fed reinforces rate cut expectations

2 days ago DieselGasoil Comments Off on Asia stocks gain, dollar sags as Fed reinforces rate cut expectations
TOKYO (Reuters) – Asian stocks gained and the dollar sagged on Friday after a top Federal Reserve official all but cemented expectations of a U.S. interest rate cut later this month. FILE PHOTO: A man in a bicycle stops in front of an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Read More

Stocks wobble on trade, earnings unease; U.S. Treasury yields fall

3 days ago DieselGasoil Comments Off on Stocks wobble on trade, earnings unease; U.S. Treasury yields fall
TOKYO (Reuters) – Asian shares edged lower on Thursday as Wall Street stocks dropped on early signs that the U.S.-China trade war could hurt corporate earnings, which helped underpin solid demand for safe-haven U.S. Treasuries. FILE PHOTO: A man looks at a stock quotation board outside a brokerage in Tokyo, Japan, July 1, 2019. REUTERS/Issei Read More

Crude futures steady after fall on U.S. oil products stocks gain

3 days ago DieselGasoil Comments Off on Crude futures steady after fall on U.S. oil products stocks gain
TOKYO (Reuters) – Oil prices steadied on Thursday after falling in the previous session when official data showed U.S. stockpiles of products like gasoline rose sharply last week, suggesting weak demand during the peak driving season. FILE PHOTO: The sun sets behind an oil pump outside Saint-Fiacre, near Paris, France March 28, 2019. REUTERS/Christian Hartmann Read More