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Alberta sees OPEC pricing go from too cheap to too pricey

21 hours ago DieselGasoil Comments Off on Alberta sees OPEC pricing go from too cheap to too pricey
By Robert Tuttle on 3/22/2019 Photo: Canadian Natural. CALGARY (Bloomberg) — Trying to fix the crude market has been hard enough for OPEC. Alberta’s go at it is proving a bigger challenge than the oil-rich Canadian province anticipated. Since mandatory production cuts were announced in December, local heavy crude has gone from too cheap to Read More

Asian shares hit 6-1/2-month high on tech hopes, U.S. data

1 day ago DieselGasoil Comments Off on Asian shares hit 6-1/2-month high on tech hopes, U.S. data
TOKYO (Reuters) – Asian shares hit 6-1/2-month highs on Friday after upbeat U.S. data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve’s cautious outlook on the world’s biggest economy. FILE PHOTO: A man looks at an electronic stock quotation board outside a Read More

As worries about populism in Europe rise, investors bet on stock market volatility

1 day ago DieselGasoil Comments Off on As worries about populism in Europe rise, investors bet on stock market volatility
LONDON (Reuters) – Investors are betting on heightened political uncertainty and greater volatility in European stock markets ahead of European Parliament elections in May amid growing concerns about rising populism. FILE PHOTO: A trader works at his desk at the stock exchange in Frankfurt, Germany, January 21, 2016. REUTERS/Kai Pfaffenbach In one of the first Read More

7 things to know before the bell

2 days ago DieselGasoil Comments Off on 7 things to know before the bell
Click chart for more in-depth data. 1. The race to driverless cars: SoftBank (SFTBF) and Toyota (TM) are forming a joint venture that will use driverless-car technology to offer new services, such as mobile convenience stores and delivery vehicles in which food is prepared en route. SoftBank will own just over half of Monet, the Read More

Stock futures tread water after Fed turns more accommodative

2 days ago DieselGasoil Comments Off on Stock futures tread water after Fed turns more accommodative
(Reuters) – U.S. stock index futures were subdued on Thursday, a day after the Federal Reserve abandoned projections for any interest rate hikes this year amid signs of an economic slowdown. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2019. REUTERS/Brendan McDermid At Read More

Fed sees no rate hikes in 2019, sets end to asset runoff

3 days ago DieselGasoil Comments Off on Fed sees no rate hikes in 2019, sets end to asset runoff
WASHINGTON (Reuters) – The U.S. Federal Reserve on Wednesday brought its three-year drive to tighten monetary policy to an abrupt end, abandoning projections for any interest rate hikes this year amid signs of an economic slowdown, and saying it would halt the steady decline of its balance sheet in September. The measures, announced following the Read More

Fed sees no rate hikes in 2019, plans balance sheet reduction slowdown

3 days ago DieselGasoil Comments Off on Fed sees no rate hikes in 2019, plans balance sheet reduction slowdown
WASHINGTON (Reuters) – The Federal Reserve took a sharply less aggressive policy posture on Wednesday, signaling it will not hike interest rates this year amid a slowing economy and announcing a plan to end its balance sheet reduction program by September. The U.S. central bank reiterated its pledge to be “patient” on monetary policy, and Read More

Banks stifle Wall Street rally following dovish Fed statement

3 days ago DieselGasoil Comments Off on Banks stifle Wall Street rally following dovish Fed statement
NEW YORK (Reuters) – The S&P 500 and the Dow ended lower on Wednesday as interest rate-sensitive financial stocks dragged down the indexes after the U.S. Federal Reserve affirmed a dovish monetary policy stance. While all three major U.S. stock indexes briefly reversed earlier losses following the Fed statement, only the Nasdaq ended the session Read More

Traders see nearly even chances on Fed rate cut in early 2020

3 days ago DieselGasoil Comments Off on Traders see nearly even chances on Fed rate cut in early 2020
Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis (Reuters) – U.S. interest rates traders on Wednesday piled on bets the Federal Reserve would cut borrowing costs in early 2020 after the central bank slashed its forecast for future rate hikes and said it would end reductions Read More

As U.S. oil supply grows, so does its influence on global prices

3 days ago DieselGasoil Comments Off on As U.S. oil supply grows, so does its influence on global prices
By Alex Longley and Sheela Tobben on 3/20/2019 LONDON and NEW YORK (Bloomberg) — For a glimpse into what the global oil price might look like one day, a good place to look is the Dutch port of Rotterdam. There, at a key hub for Europe’s oil trading and Refining, crude imported from the U.S. Read More