Global stocks rebound after US jobs sold

Global stocks rebound after US jobs sold

Euro STOXX gains 0.8% Wall Street should win Markets cut odds of 75 basis point hike ahead of US CPI The dollar is falling Oil recovers its first losses and tries to rally LONDON/SYDNEY, Aug 8 (Reuters) – Stocks gained ground on Monday, regaining their footing after a strong U.S. jobs report last week bolstered … Read more

Wall Street rallies on economic data, crude falls as stocks rise

Wall Street rallies on economic data, crude falls as stocks rise

NEW YORK, Aug 3 (Reuters) – U.S. stocks closed sharply higher and Treasury yields hit two-week highs on Wednesday amid strong economic data, upbeat business forecasts and easing geopolitical concerns boosted investors’ risk appetite. First-month crude futures fell following a report that U.S. crude and gasoline inventories rose unexpectedly last week. All three major U.S. … Read more

Oil drops 4%, under pressure from surprise U.S. crude and gasoline construction

Oil drops 4%, under pressure from surprise U.S. crude and gasoline construction

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register U.S. crude and gasoline inventories rise unexpectedly – EIA OPEC+ decides on a small increase of 100,000 bpd in production … Read more

OPEC+ agrees to small production increase in Biden setback

OPEC+ agrees to small production increase in Biden setback

OPEC to raise production target by 100,000 bpd from September OPEC faces production challenges to meet existing targets US seeks OPEC production boost to counter Russia Biden trip, US arms sales did not convince DUBAI/LONDON, Aug 3 (Reuters) – OPEC+ is set to raise its oil production target by 100,000 barrels a day, an amount … Read more

EXCLUSIVE Airbus strikes remaining A350 deal with Qatar Airways – sources

EXCLUSIVE Airbus strikes remaining A350 deal with Qatar Airways – sources

PARIS, Aug 3 (Reuters) – Airbus (AIR.PA) has revoked its entire outstanding order with Qatar Airways for A350 jets, halting all new jetliner business with the Gulf carrier in a new dramatic turn to a dispute clouding World Cup preparations, two industry sources have said. No comment was immediately available from Airbus or Qatar Airways. … Read more

Oil up 2% on supply worries ahead of OPEC+ meeting

Oil up 2% on supply worries ahead of OPEC+ meeting

Sticker reads crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. REUTERS/Angus Mordant Join now for FREE unlimited access to Reuters.com Register US House of Representatives Speaker Pelosi arrives in Taiwan Factories squeezed by higher prices, weak customer demand OPEC+ meets on … Read more

BP increases its dividend after its profit hits its highest level in 14 years

BP increases its dividend after its profit hits its highest level in 14 years

Profits soar to $8.45 billion, far beating forecasts BP increases its dividend by 10% BP to increase oil and gas spending, CEO says Profits driven by strong oil trade, impacted by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second-quarter profit soared to $8.45 billion, its highest level in 14 years, as strong refining and … Read more

If you’re at high risk, don’t wait for updated COVID vaccines, experts say

If you’re at high risk, don’t wait for updated COVID vaccines, experts say

CHICAGO, July 29 (Reuters) – People at high risk of severe illness who have not yet received a second COVID-19 booster should not wait for next-generation vaccines targeting Omicron due in the fall, five said vaccine experts at Reuters. In many countries, including the United States, the BA.5 Omicron subvariant of the virus is thriving, … Read more

Oil up more than $2 a barrel as hopes of increased OPEC+ supply fade

Oil up more than  a barrel as hopes of increased OPEC+ supply fade

Oil pump cylinders are seen at the Vaca Muerta shale oil and gas field in the Patagonian province of Neuquen, Argentina January 21, 2019. REUTERS/Agustin Marcarian/File Photo Join now for FREE unlimited access to Reuters.com Register U.S. drillers add oil rigs for record 23rd consecutive month – Baker Hughes. Brent high since July 5 above … Read more

US majors Exxon and Chevron post explosive profits and ramp up takeovers

US majors Exxon and Chevron post explosive profits and ramp up takeovers

High prices and margins allow the majors to reach the best quarters in history Exxon’s earnings surpass previous record set in 2012 July 29 (Reuters) – The two biggest U.S. oil companies, Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), posted record sales on Friday, buoyed by soaring crude oil prices and natural gas and … Read more