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Oil edges up in volatile session but falls for sixth straight week

7 mins ago DieselGasoil Comments Off on Oil edges up in volatile session but falls for sixth straight week
NEW YORK (Reuters) – Oil ended slightly firmer after volatile trading on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices fell for the sixth straight week amid global oversupply concerns. FILE PHOTO: A worker checks the valve of an oil pipe at Read More

Wall Street advances on trade optimism; Nvidia, Facebook lag

1 hour ago DieselGasoil Comments Off on Wall Street advances on trade optimism; Nvidia, Facebook lag
NEW YORK (Reuters) – The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid All three indexes Read More

Oil edges up in volatile session but headed for weekly loss

3 hours ago DieselGasoil Comments Off on Oil edges up in volatile session but headed for weekly loss
NEW YORK (Reuters) – Oil traded up slightly in a volatile session on Friday, supported by expectations that the Organization of the Petroleum Exporting Countries would agree to cut output next month, though prices were set to for a weekly drop on underlying oversupply worries. FILE PHOTO: A worker checks the valve of an oil Read More

S&P 500 wavers after Trump trade comments, Nvidia hits Nasdaq

3 hours ago DieselGasoil Comments Off on S&P 500 wavers after Trump trade comments, Nvidia hits Nasdaq
(Reuters) – The S&P 500 swung between gains and losses on Friday following conflicting reports on a U.S. trade deal with China, while weakness in chipmaker Nvidia weighed on the Nasdaq. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., November 7, 2018. REUTERS/Brendan McDermid President Donald Trump Read More

Dollar, U.S. yields fall on Fed comments; Brexit casts shadow

5 hours ago DieselGasoil Comments Off on Dollar, U.S. yields fall on Fed comments; Brexit casts shadow
NEW YORK (Reuters) – The U.S. dollar weakened and Treasury yields pulled back on Friday after a top Federal Reserve official said U.S. interest rates are near a neutral rate, while continued uncertainty over Brexit clouded currency and other markets. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, Read More

Crude futures: Scotiabank sees hopes of OPEC supply cut hold up oil complex

6 hours ago DieselGasoil Comments Off on Crude futures: Scotiabank sees hopes of OPEC supply cut hold up oil complex
New York — The oil complex was firmly in positive territory during Friday morning trading, led by ICE January Brent, which was up $1.34 at $67.96/b. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now 1540 GMT: Prompt NYMEX December WTI was up $1.27 at $57.73/b. Product futures were stronger Read More

Analysis: OPEC's production profile has changed, complicating negotiations over oil cuts

7 hours ago DieselGasoil Comments Off on Analysis: OPEC's production profile has changed, complicating negotiations over oil cuts
Dubai — OPEC and its allies have all but decided to cut oil production in 2019 to shore up what they see as a weak market ahead. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Now comes the hard part: negotiating how much to cut, how to allocate quotas, Read More

Oil rises, paring sixth weekly loss on expectation of OPEC cuts

8 hours ago DieselGasoil Comments Off on Oil rises, paring sixth weekly loss on expectation of OPEC cuts
By Tsuyoshi Inajima and Grant Smith on 11/16/2018 TOKYO and LONDON (Bloomberg) — Oil rose, paring a sixth weekly loss, amid growing confidence that OPEC and its partners will reduce production to avert a glut next year.  Futures in New York rose 1.8% Friday, trimming the weekly drop to 4.6%. With OPEC seeing waning demand Read More

Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead

8 hours ago DieselGasoil Comments Off on Take Five: Black Friday shoppers to Brexit wreckage, world markets themes for the week ahead
(Reuters) – Following are five big themes likely to dominate thinking of investors and traders in the coming week and the Reuters stories related to them. A man walks past television screens during the shopping season, ‘El Buen Fin’ (The Good Weekend), at a Sam’s Club store, in the early hours of Friday, in Mexico Read More

Oil firms on supply cut talk; still set for sixth weekly loss

12 hours ago DieselGasoil Comments Off on Oil firms on supply cut talk; still set for sixth weekly loss
LONDON (Reuters) – Oil rose on Friday on hopes that supply cuts will be agreed at OPEC’s meeting on Dec. 6, but failed to recoup recent losses on oversupply concerns that have shaved more than a fifth off the Brent crude benchmark since early October. FILE PHOTO: A worker checks the valve of an oil Read More