LONDON—Oil prices fell on Thursday, extending sharp losses from the previous session, as China’s extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic activity globally would hit fuel demand. Brent crude futures lost 40 cents, or 0.4 percent, to $87.60 per barrel by 1002 GMT, near a late-January…
Oil Prices Fall Further as China Extends COVID-19 Curbs
September 8, 2022
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Global Shares Rise as Investors Watch for Central Bank Moves
September 8, 2022
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TOKYO—Global stock benchmarks mostly rose Thursday as investors closely watched a European central bank meeting and sought to juggle concerns about inflation and recession. France’s CAC 40 rose 0.1 percent to 6,113.98 in early trading, while Germany’s DAX slipped nearly 0.1 percent to 12,904.97. Britain’s FTSE 100 added 0.4 percent to 7,269.52. U.S. shares were…
King Dollar Stomps on Yen as US Yields Rise
September 7, 2022
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TOKYO/LONDON—The dollar was lord of all it surveyed on Wednesday, at a fresh 24-year peak on the yen and retesting a 20-year high on the euro after U.S. economic data reinforced the view that the Federal Reserve would maintain aggressive policy tightening. Economic jitters elsewhere, pushing investors to safety, also supported the U.S. currency. The…
Oil Rises After Russia’s Putin Threatens to Halt Supply
September 7, 2022
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LONDON—Oil prices rose on Wednesday on threats that Russia will walk away from its energy supply contracts, reversing losses from earlier in the session when prices fell to their lowest since Russia invaded Ukraine. Brent crude futures were up 85 cents, or 0.92 percent, at $93.68 a barrel by 0931 GMT, having earlier hit their…
Stocks Fall on Rate Hike Bets, Yen Drops to 24-year Low
September 7, 2022
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LONDON—European stock markets opened in the red on Wednesday after U.S. economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen. U.S. Treasury yields jumped and the dollar received a boost by data on Tuesday which showed the U.S. services industry picked…
Euro, Sterling Bounce on Energy Policy Hopes, Climb All Over Tumbling Yen
September 6, 2022
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SINGAPORE/LONDON—The euro and sterling were on Tuesday trying to recover from multi-year lows against the dollar hit the day before, as policy makers tried to get a grip on the energy crisis, though the rate sensitive Japanese yen slipped to a new 24 year-low. The pound and euro both gained over 0.6 percent with the…
Oil Slides as Demand Fears Return After OPEC-Led Rally
September 6, 2022
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LONDON—Oil fell on Tuesday after a two-day rally as concern returned about weaker demand and the prospect of more interest rate hikes, trumping support from OPEC+’s first output target cut since 2020. New COVID-19 lockdowns in China have added to worries that high inflation and rate hikes will hit demand. The European Central Bank is…
Global Stocks Rise as Europe Wrestles With Gas Shortages
September 6, 2022
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BEIJING—Global stock markets and Wall Street futures rose Tuesday as Liz Truss prepared to become British prime minister and Europe wrestled with uncertainty about Russian gas supplies. London and Frankfurt opened higher. Shanghai and Tokyo gained. Benchmark U.S. crude rose more than $2 per barrel. The euro edged higher against the dollar. European markets were…
Euro Plunges to New 20-year Low After Russian Gas Halt
September 5, 2022
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LONDON—The euro sank below $0.99 to a new 20-year low on Monday after Russia’s halt to gas supplies down its main pipeline to Europe heightened fears about a deepening energy crisis across the region. The euro has been increasingly correlated with natural gas prices in recent months, with the former falling when prices of the…
Oil Prices Jump More Than $2 Ahead of OPEC+ Meeting
September 5, 2022
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LONDON—Oil prices rose more than $2 a barrel on Monday, extending gains as investors eyed possible moves by OPEC+ producers to cut output and support prices at a meeting later in the day. Brent crude futures advanced by $2.43, or 2.6 percent, to $95.45 a barrel by 0850 GMT after rising 0.7 percent on Friday….
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