LONDON—Oil prices plunged on Thursday, while OPEC+ stuck to its existing deal for May output. Brent crude futures for May, which expire on Thursday, were down $5.91, or 5.21 percent, to $107.54 a barrel by 1253 GMT. The most actively traded June futures were down $5.53 at $105.91, after falling by $7. U.S. West Texas…
European Stocks Set for Biggest Quarterly Drop Since 2020
LONDON—European stocks edged lower on Thursday and were set for their biggest quarterly drop since the start of 2020, while oil prices fell and eastern Ukraine braced for fresh attacks. The MSCI World Equity index was down 0.3 percent on the day, while Europe’s STOXX 600 eased 0.2 percent to sit just below a one-month…
Oil Rebounds on Tight Supply, Prospects of New Russia Sanctions
LONDON—Oil prices clawed back heavy losses to rise more than 2 percent on Wednesday on supply tightness and the growing prospect of new Western sanctions against Russia even as Moscow and Kyiv held peace talks. Brent crude futures were up $2.44, or 2.2 percent, at $112.67 by 1054 GMT, reversing a 2 percent loss in…
Stocks Lose Steam, Bond Markets Suggest Pain Ahead for US Economy
LONDON—European shares fell on Wednesday after three straight days of gains, as signs in bond markets of pain ahead for the U.S. economy tempered hopes of a negotiated end to the Ukraine conflict. The broad Euro STOXX 600 fell 0.6 percent after three positive sessions that had taken the index back to levels reached before…
Shares Grind Higher; Bonds Brandish Recession Warnings
LONDON—Global markets veered in different directions on Tuesday, with shares climbing to five-week highs, recession warnings growing in the government bond markets, and Japan’s yen headed for its worst month since 2016. Europe’s main bourses made strong opening gains, taking cues from Asia overnight after the Bank of Japan had defended its vast stimulus program,…
Boeing’s Defense Head to Retire, Global Services Head to Take Over
Boeing Co. said on Monday the head of its big defense division, Leanne Caret, will retire after nearly 35 years with the aviation company. Caret, who is 55 years old, will be succeeded by Ted Colbert effective April 1. Caret oversaw development of the successful MQ-25 drone program and the U.S. Air Force’s new training…
Oil Slips as Kazakh Supply Concerns Ease
LONDON—Oil prices slipped on Friday, with some supply concerns easing after a partial export resumption from Kazakhstan’s CPC crude terminal. Brent crude fell $1.29, or 1.1 percent, to $117.74 a barrel at 1049 GMT and U.S. West Texas Intermediate (WTI) crude slid $1.80, or 1.6 percent, to $110.54 after both had dropped more than 2…
World Stocks Poised for Consecutive Weekly Gains for First Time in 2022
LONDON—World stocks paused for breath on Friday but are set for a second consecutive week of gains for the first time in 2022 though sentiment was broadly cautious as markets evaluated the economic risks from the Federal Reserve’s policy tightening and Russia’s war in Ukraine. U.S. stock futures were marginally higher in the last full…
Shares, Oil Volatile Ahead of NATO Russia-Ukraine Summit
LONDON—World share markets were choppy on Thursday as the Russia-Ukraine war kept oil above $120 a barrel, while worries about “stagflation” rose on renewed talk of aggressive U.S. interest rates hikes and slowing growth. Europe’s main stock indexes barely budged and government bond yields edged up toward multi-year highs hit earlier in the week as…
Oil Prices Steady as Western Leaders Meet Over Ukraine Crisis
LONDON -Oil prices were steady on Thursday as the U.S. president met other Western leaders and investors in Brussels for emergency talks about the Ukraine crisis. Benchmark Brent was up 0.3 percent at $121.95 a barrel by 1111 GMT, after falling by close to $2 earlier in the session. U.S West Texas Intermediate (WTI) was little…
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