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Oil Attempts to Find Footing After Bloodbath

Wednesday,   19-Dec-2018   04:35 (IST)

In commodities, oil prices attempted to find their footing after suffering one of its biggest falls in years in the last session.U.S. West Texas Intermediate crude futures were up 5 cents, or roughly 0.1%, at $46.65 a barrel. It tumbled 7.3% on Tuesday to settle at its lowest since August 2017.International Brent crude oil futures rose 18 cents, or 0.3%, to $56.45 per barrel. It dropped 5.6% a day earlier, at one point hitting a 14-month low.Adding to worries about oversupply, the American Petroleum Institute said on Tuesday that U.S. crude stocks rose unexpectedly last week, while gasoline in...

U.S. Futures Point to Higher Open

Wednesday,   19-Dec-2018   04:33 (IST)

U.S. stock futures pointed to a higher open, with the Dow pointing to a triple-digit gain, as signs of progress in the U.S.-China trade dispute lifted sentiment, while traders eagerly awaited the Fede...

Gold pulls back from 5-month top, investors await Fed outlook

Wednesday,   19-Dec-2018   10:14 (IST)

Gold scaled a more than five-month peak early Wednesday before erasing all the gains to trade steady as investors awaited the conclusion of a two-day policy meeting of the US Federal Reserve for clues...

U.S. oil prices climb after tumble, but oversupply worries drag

Wednesday,   19-Dec-2018   09:15 (IST)

U.S. oil prices rose on Wednesday to claw back part of their more than 5 percent losses from the previous session, with worries about oversupply and a slowing global economy keeping markets under pres...

Oil Prices Plunge

Tuesday,   18-Dec-2018   04:37 (IST)

In commodities, oil prices plunged, dropping for a third consecutive session as reports of swelling inventories and forecasts of record U.S. and Russian output combined with a sharp sell-off in global...

U.S. Futures Point to Higher Open

Tuesday,   18-Dec-2018   04:32 (IST)

U.S. stock futures pointed to a higher open, suggesting that Wall Street's three major indexes would bounce back from the rout a day earlier.The blue-chip Dow futures were up 90 points, or around ...

Swiss government cuts GDP growth forecasts for 2018, 2019

Tuesday,   18-Dec-2018   04:06 (IST)

The Swiss government slashed its economic growth forecasts for 2018 and 2019 on Tuesday, citing weak domestic demand that led the economy to contract in the third quarter.The State Secretariat for Eco...

Gold prices steady in run-up to Fed meeting

Tuesday,   18-Dec-2018   09:18 (IST)

Gold prices were largely steady on Tuesday ahead of a US Federal Reserve meeting that starts later in the day, with investors looking for clues on the central bank's outlook for next year. Spot go...

Oil prices fall 1 percent amid supply glut worries

Tuesday,   18-Dec-2018   09:08 (IST)

Oil prices dropped 1 percent on Tuesday, extending losses from the previous session as reports of a big climb in U.S. inventories and forecasts of record shale output stoked worries about oversupply.C...

Oil Prices Tick Higher

Monday,   17-Dec-2018   04:26 (IST)

In commodities, oil prices ticked higher, staging a modest rebound after falling by more than 2% in the prior session amid concerns over demand in the wake of weaker growth in major economies.U.S. Wes...