LONDON—Oil prices rose modestly in volatile trading on Tuesday as the market weighed concerns over Russian supply and Chinese demand. Brent crude futures were up 41 cents, or 0.4 percent, at $102.73 a barrel at 1117 GMT, while U.S. West Texas Intermediate contracts were up 18 cents, or 0.2 percent, at $98.72 per barrel. Both…
Oil Rebounds on China Demand Concerns in See-Saw Trading
April 26, 2022
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Oil Rises as Investors Focus on Lower Supply From Russia, Libya
April 21, 2022
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LONDON—Oil prices rose on Thursday amid concerns about supply as the European Union (EU) mulls a potential ban on Russian oil imports days after diminished supplies from Libya rocked the market. Brent crude futures rose $1.13, or 1.1 percent, to $107.93 a barrel at 1228 GMT. U.S. West Texas Intermediate (WTI) crude futures gained 81…
Oil Rebounds as Supply Concerns Dominate
LONDON—Oil prices rebounded on Wednesday as a drop in U.S. oil inventories and concerns over tighter supplies from Russia and Libya drove a recovery from the previous session’s sharp losses. Brent crude futures rose $1.46, or 1.4 percent, to $108.71 a barrel by 1139 GMT. The front-month WTI crude futures contract, which expires on Wednesday,…
Ukraine Conflict to Test Resilience of Global Financial System: IMF
April 19, 2022
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WASHINGTON—Russia’s invasion of Ukraine has driven up financial stability risks “on several fronts” and will test the resilience of the global financial system at a time when interest rates are rising sharply, the International Monetary Fund (IMF) warned in its biannual Global Financial Stability Report on Tuesday. While there has so far been no globally…
European Stocks Down, Yen Hits 20-year Low as US Hikes Loom
LONDON—European shares were lower on Tuesday, while yields on 10-year U.S. inflation-linked bonds were close to turning positive for the first time in two years, as the prospect of aggressive Fed tightening to rein in inflation kept investors on edge. Investors were also preparing for the next barrage of company earnings that will help them…
Russia Flags Further Rate Cut, More Budget Spending
April 18, 2022
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Russia on Monday flagged a likely further cut in interest rates and more budget spending to help the economy adapt to western sanctions. Russia faces soaring inflation and capital flight while grappling with a possible debt default after the West imposed unprecedented sanctions to punish President Vladimir Putin for sending tens of thousands of troops…
LIVE UPDATES: Russia Strikes Armoured Vehicle Plant, Military Repair Facility in Ukraine: Interfax
The latest on the Russia–Ukraine crisis, April 16. Click here for updates from April 15. Russia Strikes Armoured Vehicle Plant, Military Repair Facility in Ukraine: Interfax Russia destroyed production buildings of an armoured vehicle plant in the Ukrainian capital of Kyiv and a military repair facility in the city of Mykolaiv, the Interfax news agency…
LIVE UPDATES: Russia Bars UK Prime Minister Over Sanctions
The latest on the Russia–Ukraine crisis, April 16. Click here for updates from April 15. Russia Bars UK Prime Minister Over Sanctions Russia has barred the UK prime minister and a dozen other top British officials from entering the country in response to British sanctions imposed on Russia over its military operation in Ukraine. Russia’s…
LIVE UPDATES: Russia Hits Kyiv, Lviv; Presses Offensive in Mariupol
The latest on the Russia–Ukraine crisis, April 16. Click here for updates from April 15. Russia Bars UK Prime Minister Over Sanctions Russia has barred the UK prime minister and a dozen other top British officials from entering the country in response to British sanctions imposed on Russia over its military operation in Ukraine. Russia’s…
LIVE UPDATES: US Says ‘Nothing Will Dissuade’ It From Arming Ukraine
The latest on the Russia–Ukraine crisis, April 16. Click here for updates from April 15. US Says ‘Nothing Will Dissuade’ It From Arming Ukraine The United States will continue to pour weapons into Ukraine, despite Russia reportedly warning of “consequences,” State Department spokesman Ned Price told CNN on Friday. Price told CNN that “nothing will…
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