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Oil edges higher on U.S. inventory decline, escalating Mideast tensions

15 mins ago DieselGasoil Comments Off on Oil edges higher on U.S. inventory decline, escalating Mideast tensions
SINGAPORE/TOKYO (Reuters) – Oil prices edged higher on Wednesday, extending gains as rising tensions with Iran fueled concerns about supply disruptions and as U.S. inventory data showed a much bigger than expected drop in crude stockpiles. FILE PHOTO: An oil pump is seen at sunset outside Vaudoy-en-Brie, near Paris, France April 23, 2018. REUTERS/Christian Hartmann Read More

No foreign military presence is key to Persian Gulf stability – Russia’s security concept

3 hours ago DieselGasoil Comments Off on No foreign military presence is key to Persian Gulf stability – Russia’s security concept
Russia has unveiled its Concept of Collective Security in the Persian Gulf, outlining arms control, joint anti-terrorist efforts and giving up on foreign military presence as keys conditions for stability in the turbulent region. The concept singled out security in the Persian Gulf as “one of the prime regional problems of today.” The document, presented Read More

Asia stocks cautious on trade talks; euro under pressure

3 hours ago DieselGasoil Comments Off on Asia stocks cautious on trade talks; euro under pressure
SYDNEY (Reuters) – Asian shares nudged higher on Wednesday amid hints of progress in the Sino-U.S. trade saga, while the dollar hit two-month highs on the euro as investors wagered on a dovish outcome from the European Central Bank’s coming policy meeting. FILE PHOTO: A woman wearing a kimono walks past an electronic board showing Read More

Oil rises near $64/bbl on second downed Iranian drone

6 hours ago DieselGasoil Comments Off on Oil rises near $64/bbl on second downed Iranian drone
HOUSTON (Reuters) – Oil rose to almost $64 on Tuesday, jumping late in the session after the head of U.S. Central Command said the United States may have taken down a second Iranian drone over the Strait of Hormuz last week. FILE PHOTO: Pumpjacks are seen against the setting sun at the Daqing oil field Read More

Earnings and trade optimism push Wall St. toward record high

7 hours ago DieselGasoil Comments Off on Earnings and trade optimism push Wall St. toward record high
(Reuters) – The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies and on optimism the United States would resolve its trade conflict with China. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan Read More

Stocks rise on trade hopes, sterling slips on Brexit jitters

7 hours ago DieselGasoil Comments Off on Stocks rise on trade hopes, sterling slips on Brexit jitters
NEW YORK (Reuters) – U.S. stocks added to their gains on Tuesday following news of potential progress in U.S.-China trade negotiations, while the pound fell after Brexit hard-liner Boris Johnson won the leadership of Britain’s Conservative Party, clearing the way for him to become prime minister. Traders work on the floor at the New York Read More

Sales to emerging markets a bright spot for Harley Davidson

9 hours ago DieselGasoil Comments Off on Sales to emerging markets a bright spot for Harley Davidson
CHICAGO (Reuters) – Harley-Davidson Inc (HOG.N) on Tuesday reported stronger sales in China and other Asian markets and said U.S. sales should improve in the second half of the year, positive news that offset a cut to its full-year motorcycle forecast and sent shares up 5.3 percent. FILE PHOTO: A Harley Davidson logo with a Read More

Wall Street approaches record high on earnings optimism

9 hours ago DieselGasoil Comments Off on Wall Street approaches record high on earnings optimism
(Reuters) – The S&P 500 and Nasdaq approached record highs on Tuesday, lifted by upbeat quarterly reports from Coca-Cola and United Technologies, while a debt ceiling and budget deal between President Donald Trump and Congress also buoyed sentiment. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July Read More

Oil-product barges start to shortload on falling Rhine levels

10 hours ago DieselGasoil Comments Off on Oil-product barges start to shortload on falling Rhine levels
London — Clean oil-product barges on the Rhine have started to load lower volumes to carry product to the Upper Rhine, market sources said. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now “ are going down, they are lower and lower with no end in sight, there is Read More

Upbeat earnings from Coca-Cola, United Tech lift Wall Street

11 hours ago DieselGasoil Comments Off on Upbeat earnings from Coca-Cola, United Tech lift Wall Street
(Reuters) – U.S. stocks rose on Tuesday, boosted by upbeat earnings and forecasts from Coca-Cola and United Technologies, while a two-year debt ceiling and budget deal between President Donald Trump and Congress buoyed sentiment. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., July 16, 2019. REUTERS/Brendan McDermid Read More