LONDON—Oil prices climbed on Wednesday toward last week’s seven-year highs as a draw in U.S. crude stocks confirmed strong demand and tight supplies, but investors remained cautious ahead of an OPEC+ meeting later in the day. Brent crude rose 23 cents, or 0.26 percent, to $89.39 a barrel by 1050 GMT, after easing 10 cents…
Oil Climbs Toward 7-year Highs on US Stock Draw, Eyes on OPEC+ Move
Global Stocks Follow Wall Street Higher With China Closed
BEIJING—Global stocks gained Wednesday while China was closed for the Lunar New Year holiday. London and Frankfurt opened higher. Tokyo and Sydney gained. The future for Wall Street’s S&P 500 index was higher. In early trading, the FTSE 100 in London rose 0.5 percent to 7,574.35. Frankfurt’s DAX gained 1 percent to 15,619.39 and the…
After Volatile January, World Stocks Start February on Firm Note
LONDON—World stocks began the new month on firmer ground, after a volatile January, as reassuring comments from Federal Reserve officials helped to calm rate-hike jitters. A pan-European equity index rallied 1 percent Japan’s blue-chip Nikkei rose by 0.3 percent, buoyed by Wall Street’s overnight gains and MSCI’s world stock index rose to its highest in…
Oil Rises on Geopolitical Risks, Supply Shortage
LONDON—Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. Brent crude had risen 66 cents, or 0.7 percent, to $90.69 a barrel by 1005 GMT. The front-month contract for March delivery expires later…
Stocks Rebound but Head for Worst January Since 2016
LONDON—Stocks staged a modest rebound on Monday as traders put aside concerns about interest rate rises and the crisis in Ukraine to dip back in, but global equities are still headed for their worst January since 2016 after a bruising month. The rise in European shares follows a late surge on Wall Street on Friday…
London Is Top Global Finance Center but Lags in Key Areas, Says Study
LONDON—London remains the top global financial center, according to a study from its own financial district, but is outgunned by New York and Singapore in access to talent, while Paris is adding competition from the European Union. The study from the City of London Corporation selected seven centers that feature in other research on financial…
Oil Heads for Sixth Weekly Gain on Lingering Supply Concerns
London—Oil prices rose on Friday, heading towards a sixth consecutive weekly gain, as geopolitical tensions continue to raise supply concerns. Brent crude futures were up 66 cents, or 0.7 percent, at $90 a barrel by 1225 GMT, having hit $91.04 on Thursday for their highest since October 2014. U.S. West Texas Intermediate (WTI) crude futures…
Global Stocks Mixed After Wall Street Sinks for Third Day
BEIJING—Major global stock markets fell Friday ahead of data on U.S. employment costs that might influence Federal Reserve decisions on interest rate hikes to cool inflation. London and Frankfurt opened lower. Tokyo and Seoul advanced while Shanghai and Hong Kong declined. Wall Street futures were mixed after U.S. stocks declined Thursday for a third day…
Oil at Seven-Year High as Ukraine Crisis Overshadows Fed
LONDON—Oil extended gains to seven-year highs above $90 a barrel on Thursday as the Ukraine crisis outweighed signs that the U.S. Federal Reserve will tighten monetary policy. Brent crude futures were up 89 cents, or 1 percent, at $90.85 a barrel by 1217 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 87 cents,…
Dollar Breaks Higher and Shares Fall After Fed’s Powell Strikes Hawkish Tone
LONDON—Stocks fell on Thursday, U.S. two-year bond yields rocketed to 23-month highs and the dollar busted out of its recent range after the Federal Reserve stuck to plans for an interest rate rise in March and Chair Jerome Powell warned about inflation. The Euro STOXX fell 0.19 percent while Germany’s DAX lost 0.52 percent. Wall…
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