Global oil prices have risen for the fourth straight day, with US prices jumping after a government report predicted a drop in US shale-oil production. West Texas Intermediate for May delivery, the benchmark Dow Futures contract, added US$ 1.38 (NZD$ 1.04) to close at US$ 53.29 a barrel on the New York Mercantile Exchange on Read More
April 2015
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New York (AFP) – Global oil prices rose for the fourth straight day Tuesday, with US prices jumping after a government report predicted a drop in US shale-oil production. West Texas Intermediate for May delivery, the benchmark Dow Futures contract, added $ 1.38 to close at $ 53.29 a barrel on the New York Mercantile Read More
WASHINGTON: US retail sales rose in March for the first time since late last year as consumers stepped up purchases of automobiles and other goods, suggesting a sharp slowdown in economic growth in the first quarter was temporary. The Commerce Department’s fairly sturdy report on Tuesday together with other data showing producer inflation crept up Read More
* JPMorgan rises in premarket after results * Norfolk Southern gives weak outlook, shares fall * Nokia in talks to buy Alcatel-Lucent * Futures: Dow down 3 pts, S&P down 2 pts, Nasdaq up 1.5 pt (Updates with Wells results, retail sales data) By Ryan Vlastelica NEW YORK, April 14 (Reuters) – Dow Futures pointed Read More
* JPMorgan (LSE: JPIU.L – news) edges up in premarket after results * Norfolk Southern gives weak outlook late Monday * Nokia in talks to buy Alcatel (Paris: FR0000130007 – news) -Lucent * Futures down: Dow 12 pts, S&P 2.25 pts, Nasdaq 3.25 pts (Updates with JPMorgan, J&J results) By Ryan Vlastelica NEW YORK, April Read More
* Investors look ahead to results from JPMorgan, J&J * Norfolk Southern gave weak outlook late Monday * Nokia in talks to buy Alcatel-Lucent * Futures down: Dow 12 pts, S&P 1.5 pt, Nasdaq 6 pts By Ryan Vlastelica NEW YORK, April 14 (Reuters) – Dow Futures edged lower on Tuesday as investors awaited a Read More
NEW YORK: Oil investors who amassed a US$ 6 billion long position in exchange traded funds, occupying as much as a third of the U.S. futures market, are now racing for the exit at a near record pace. Outflows from four of the largest oil-specific exchange traded funds, including the largest U.S. Oil Fund , Read More
CHICAGO: US soybean futures fell for the third day in a row on Monday on weak export demand for US supplies, traders said. It was the front-month Chicago Board of Trade soybean futures contract’s sixth decline in seven sessions. Overseas soybean buyers were focused on cheaper Read More
U.S. commercial crude stocks are forecast to have climbed by 3.7 million barrels last week to extend their record build for the 14th consecutive week, according to an analysts’ poll by Reuters on Monday. U.S. oil output from shale reserves is set to fall by 45,000 barrels per day to 4.98 million Read More