Tag: global

Oil Rises as New Russia Sanctions Outweigh Demand Worries

LONDON—Oil futures rose on Wednesday, paring early losses, as the threat of new sanctions on Russia raised supply concerns, countering fears of weaker demand following a build in U.S. crude stockpiles and Shanghai’s extended lockdown. Brent crude futures were up $1.14, or 1.1 percent, at $107.78 a barrel as of 1115 GMT. U.S. West Texas…


Stocks Slip, Bonds Hit as Bets on Fed Action Rise

LONDON—Global share prices eased and U.S. Treasury yields hit multi-year highs on Wednesday as investors bet that the U.S. Federal Reserve will couple shrinking of its balance sheet next month with a big interest rate hike to quell decades-high inflation. Investors also waited for details of the latest package of coordinated sanctions on Russia from…


Euro Feels Weight of French Election Concerns, More Russia Sanctions

LONDON—The euro weakened on Tuesday with the Swiss franc and the Swedish crown the winners as French election worries and the chance of more sanctions against Russia unnerved investors. French financial markets acknowledged the possibility of right candidate Marine Le Pen beating President Emmanuel Macron in this month’s elections, with sharp losses on Paris blue…


Oil Extends Rally on Prospect of More Russia Sanctions

LONDON—Oil prices rose on Tuesday as the United States and Europe planned new sanctions to punish Russia over alleged war crimes in Ukraine, raising concerns over tighter global supply, while Iran’s nuclear talks with world powers stalled. Brent crude was up $1.17, or 1.1 percent, to $108.70 a barrel at 0952 GMT. U.S. West Texas…


Stocks, Oil, Bond Yields Edge up Ahead of Expected New Russia Sanctions

LONDON—Traders were back on Russia sanctions watch on Tuesday with oil, inflation-sensitive bond yields, and stocks all edging higher ahead of an expected new measures from the West in coming days. Europe saw the STOXX 600 index nudge 0.3 percent higher as oil, industrial, tech, and insurance stocks all made ground, while the euro clawed…


Talk of New Sanctions on Russia Weighs Down the Euro

LONDON—The euro edged lower on Monday after Germany and France said a new round of sanctions targeting Russia were needed amid war crimes allegations in Ukraine. The euro, which has been under pressure due to worries about the economic damage from the war in Ukraine, slipped 0.15 percent versus the dollar to park at $1.1031…


Oil Slips Below $104 as Reserves Release Counters Supply Fears

LONDON—Oil slipped on Monday in volatile trading as the release of strategic reserves by consuming nations eased concerns over tight supply amid Russia’s invasion of Ukraine and the lack of an Iranian nuclear deal. Crude dropped by about 13 percent last week after President Joe Biden announced a record U.S. oil reserves release and as…


Stocks Stall as West Considers More Sanctions Against Russia

LONDON—Global equity markets made a cautious start on Monday amid talk of more sanctions against Russia over its invasion of Ukraine, while a closely watched part of the U.S. yield curve fuelled recession worries further. Germany said the West would agree to impose more sanctions on Russia in the coming days after Ukraine accused Russian…


Oil Benchmarks on Course for Biggest Weekly Losses in 2 Years

LONDON—Oil dipped in and out of negative territory on Friday as members of the International Energy Agency (IEA) were due to discuss a further addition of oil reserves to the market alongside a planned 180 million barrel release by the United States. The benchmark Brent and WTI contracts were both on course for their biggest…


US Stock Futures Rise Before Jobs Data, Oil Eyes 13 Percent Weekly Fall

LONDON—U.S. stock index futures rose on Friday ahead of U.S. employment data with markets watching for signs of inflation, while oil was poised for a 13 percent weekly fall following reserve releases. Investors are fretting over whether inflationary pressures will force central banks into aggressive rate hikes, potentially triggering recessions. U.S. March jobs data at…