LONDON—Oil prices fell on Thursday as talks to resurrect a nuclear deal with Iran entered their final stages, but losses were capped by heightened tensions between top energy exporter Russia and the West over Ukraine. Brent crude traded down $1.26, or 1.3 percent, at $93.55 a barrel by 0914 GMT. U.S. West Texas Intermediate (WTI)…
Stocks Stumble as Ukraine Tensions Worsen, Investors Seek Safety in Gold
LONDON—Stock markets fell on Thursday after Russian-backed separatists and Ukrainian government forces accused each other of firing shells, sending traders to seek safety in government bonds, and pushing gold prices to a new eight-month high. The two sides traded accusations each had fired across the ceasefire line in eastern Ukraine, raising alarm at a time…
Stocks Rally, Seizing on Ukraine De-escalation Signs
LONDON—World stocks crept higher on Wednesday for the second day in a row, while safe-haven assets such as government bonds and gold lost ground, despite Western skepticism over Russian claims of a troop pullback from Ukraine’s borders. Markets are looking for any sign that one of the deepest crises in East-West relations for decades is…
Oil Drops From 7-year High on Report Some Russian Troops Returning to Base
LONDON—Oil dropped from a seven-year high to around $94 a barrel on Tuesday, pressured by a report that some troops in Russia’s military districts adjacent to Ukraine are returning to bases, a move that could de-escalate tension between Moscow and the West. Russia’s Interfax news agency cited the defense ministry as saying that while large-scale…
Demand Shock Behind Global Bottlenecks Should Ease in Months: WTO
BRUSSELS—Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization’s chief economist said on Monday. The WTO had thought in October that demand for goods would slow early in 2022. However, that was before the Omicron variant of…
Oil Steadies Near Seven-Year High on Ukraine-Russia Tensions
LONDON—Oil steadied on Monday after earlier hitting its highest in more than seven years on fears that a possible Russian invasion of Ukraine could trigger U.S. and European sanctions that would disrupt exports from one of the world’s top producers. Brent crude was up 11 cents, or 0.1 percent, at $94.55 a barrel by 1107…
Stocks Skittled by Ukraine Fears, Oil Scales 7-year Peak
LONDON/SYDNEY—World shares skidded on Monday as warnings that Russia could invade Ukraine at any time drove oil prices to seven-year peaks, belted the euro and sent investors scuttling back to the safe-haven government bonds they have been dumping all year. Europe’s STOXX 600 share index tumbled 2.5 percent, Wall Street futures were down 0.6 percent,…
Oil Prices Gain After IEA Says Market Tight
LONDON—Oil prices rose on Friday after the International Energy Agency (IEA) said oil markets were tight, but were still heading for weekly losses on inflation worries and U.S.–Iran which could boost global supplies. Brent crude futures rose $1.01, or 1.1 percent, to $92.42 a barrel at 1203 GMT, while U.S. West Texas Intermediate crude gained…
European Stocks Open Lower After Hot US Inflation Raises Rate Hike Bets
LONDON—European stock indexes fell on Friday and the U.S. 10-year yield held close to 2 percent after red-hot U.S. inflation data that prompted investors to expect tighter monetary policy from the Federal Reserve. U.S. consumer prices showed the biggest annual increase in 40 years, data released late on Thursday showed. The news fuelled speculation that…
Oil Rises on Falling US Stockpiles but Iran Talks Weigh
LONDON—Oil prices rose on Thursday after rallying on an unexpected drop in U.S. crude inventories in the previous session, as investors awaited the outcome of U.S.–Iran nuclear talks that could add crude supplies quickly to global markets. Brent crude futures rose 65 cents, or 0.7 percent, to $92.20 a barrel at 1140 GMT, while U.S….
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