CDTY

Dollar nears 3-mth low, shares climb after Fed tests the brakes

LONDON, Nov 24 (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plough on. With Wall Street shut for Thanksgiving, it was up to …

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EU split on Russian oil price cap level, talks to resume Thursday

BRSELS, Nov 23 (Reuters) – European UnionUS failed to reach a deal on Wednesday at what level to cap prices for Russian sea-borne oil under the Group of Seven nations (G7) scheme and will resume talks on Thursday evening or on Friday , EU diplomats said. Earlier on Thursday of the EU’s 27 met in …

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Oil slides over 3% on Russian price cap talks, US gasoline build

EIA US gasoline stocks data shows higher-than-expected build G7 price cap on Russian oil could be above current trading level Chinese demand concerns weigh as COVID-19 cases surge Majority of Fed officials see rate hikes slowing soon HOUSTON, Nov 23 (Reuters) – Oil prices fell more than 3% on Wednesday, continuing a streak of volatile …

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Oil rises 1% as OPEC+ focus on supply cuts outweighs recession concerns

EU softens Russian oil price-cap plan -Bloomberg Saudi Arabia, other OPEC producers deny output hike talks Beijing shuts parks and museums as China’s COVID cases rise Coming up: API supply report at 4:30 pm EST (2130 GMT) NEW YORK, Nov 22 (Reuters) – Oil prices rose about 1% on Tuesday after top exporter Saudi Arabia …

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Qatar signs 27-year deal with China as LNG competition heats up

Kaabi says talks with other Chinese, European buyers ongoing Says buyers may take up to a 5% stake in expansion Says deal signals importance of secure long-term supply DOHA, Nov 21 (Reuters) – QatarEnergy has signed a 27-year deal to supply China’s Sinopec with liquefied natural gas (LNG), the longest such LNG agreement so far …

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Oil prices ease to trade near 2-month lows on China demand fears, dollar strength

Brent, WTI contracts earlier fell by $1 a barrel Beijing districts close schools as China’s COVID cases rise Higher dollar weighs on prices LONDON, Nov 21 (Reuters) – Oil prices dropped to trade near two-month lows on Monday, having earlier slid by around $1 a barrel, as supply fears receded while concerns over fuel demand …

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Asia shares, oil prices skid on China COVID outbreaks

https://tmsnrt.rs/2zpUAr4 China stocks skid as Beijing coronavirus cases rise Dollar, bonds shade firmer before Fed minutes Oil prices fall again after losing 10% last week SYDNEY, Nov 21 (Reuters) – Asian share markets and oil prices slipped on Monday as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, with resulting risk …

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Shares cautious, US yield curve deep in recession territory

https://tmsnrt.rs/2zpUAr4 Markets choppy after Fed warnings on rates US yield curve most inverted since 1981 Dollar runs into fresh selling, but off week’s lows SYDNEY, Nov 18 (Reuters) – Asian shares were in a cautious mood on Friday after US Federal Reserve officials fired more warning shots on interest rates, while rising coronavirus cases in …

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Oil flows on Druzhba pipeline suspended in parts of Eastern Europe

BUDAPEST/PRAGUE, Nov 15 (Reuters) – Oil supply to parts of Eastern and Central Europe via a section of the Druzhba pipeline has been temporarily suspended, according to oil pipeline operators in Hungary and Slovakia. The extent of the disruption was not immediately clear, and came concurrent with an explosion in a village in eastern Poland …

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Oil falls $1 on China COVID surge and firmer dollar

Brent and WTI prices ease after Friday’s gains Major Chinese cities report record COVID-19 cases US Fed not softening fight against inflation, governor says LONDON, Nov 14 (Reuters) – Oil prices fell on Monday, dragged down by a firmer US dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the …

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