LONDON—Oil prices fell in a volatile market on Tuesday, as a stronger U.S. dollar and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and prospects of a demand boost in China. Brent crude futures fell 90 cents, or $1.09 percent, to $81.78 a barrel by 1055 GMT. West Texas…
Oil Prices Fall on Higher US Dollar, Economic Fears
December 6, 2022
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Stocks Slip, Dollar up as Data Challenges Fed Pause Hopes
December 6, 2022
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SINGAPORE/LONDON—Global stocks headed for a third straight day of losses on Tuesday and the dollar rose after more U.S. data reinforced the belief among investors that the Federal Reserve might stick longer with aggressive interest rate rises. MSCI’s world index fell 0.3 percent, led by tech stocks which are often more sensitive to broader shifts…
Dollar Slips as Easing COVID-19 Curbs in China Lift Sentiment
SINGAPORE—The dollar slid across the board on Monday as traders piled into riskier assets after more Chinese cities eased some of their COVID-19-related restrictions, stoking hopes of an eventual reopening of the world’s second-biggest economy. Financial hub Shanghai and Urumqi in the far west were among the cities that announced an easing of coronavirus curbs…
Oil Prices Rise After OPEC+ Keeps Output Steady, Russian Price Cap Imposed
December 5, 2022
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LONDON—Oil prices rose on Monday after OPEC+ nations held their output targets steady ahead of a European Union ban and a G7 price cap which kicked in on Russian crude. At the same time, in a positive sign for fuel demand in the world’s top oil importer, more Chinese cities eased COVID-19 curbs over the…
World Shares Mixed, Oil Higher After Russia Price Cap Pact
December 5, 2022
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World shares were mixed and oil prices rose Monday after the European Union and the Group of Seven democracies agreed on a boycott of most Russian oil and committed to a price cap of $60 per barrel on Russian exports. Germany’s DAX slipped 0.3 percent to 14,490.99 and the CAC 40 in Paris lost 0.2…
Dollar Slips to 5-month Low, Yuan Set for Biggest Weekly Gain Since 2005
LONDON—The dollar was pinned near a five-month low against a basket of major currencies on Friday ahead of key U.S. labor market data, while the yuan was set for its biggest weekly gain since China abandoned its dollar peg and revalued its currency in 2005. The dollar index, which measures the currency against six major…
Oil Steady Ahead of OPEC+ Meeting, EU Russian Oil Ban
LONDON–Oil futures were broadly stable on Friday, but were poised to end the week up, ahead of a meeting by the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday and an EU ban on Russian crude oil kicking in on Monday. Brent crude futures were up 14 cents, or 0.2 percent,…
World Shares Slip, Dollar Nurses Losses as US Payrolls Loom
December 2, 2022
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LONDON—European shares opened lower, Treasuries held on to gains and the dollar was nursing heavy losses on Friday ahead of U.S. non-farm payrolls data, the next big test for investors looking for more signs of a rates policy shift from the Federal Reserve. Data overnight including falling U.S. job openings and contracting U.S. manufacturing activity,…
Yen, Pound Hit Strongest in Three Months on Powell Remarks on Fed Slowing
LONDON—The dollar weakened to three-month-lows against the yen and the pound on Thursday, after comments by Fed Chair Jerome Powell that U.S. rate hikes could be scaled back “as soon as December,” but the euro failed to climb past a major resistance level. The aggressive pace of U.S. Federal Reserve rate increases this year has…
Oil Rises Ahead of OPEC+ Meeting, Easing China COVID-19 Curbs Lend Support
December 1, 2022
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LONDON—Oil rose on Thursday supported by investor wariness that OPEC+ may cut supply further at its meeting on Sunday and as easing COVID-19 curbs in China raised hopes about higher demand in the world’s top crude importer. Crude gained further support, and the U.S. dollar weakened, after the Federal Reserve Chair opened the door to…
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