SINGAPORE -Oil prices clawed back some gains on Monday after hitting five-month lows in the previous session as investors hoped potential talks between the presidents of the U.S. and China could ease trade tensions between the world’s two largest economies and oil consumers. Brent crude futures rose 87 cents, or 1.39%, to $63.60 a barrel…
Asian equities opened subdued after US stocks set a new high, lifted by data underscoring economic strength ahead of the Federal Reserve’s favored price gauge due Friday. Shares opened lower in Japan and Australia while South Korea climbed. Oil fell 0.6% after gaining in the previous session on waning prospect of a peace agreement between…
China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a project to produce 60,000 barrels per day of crude oil by end-2026, an executive directly involved in the project said. The project marks a rare investment by a private Chinese firm in the OPEC country, which…
SYDNEY: Asian shares and the yen held their ground on Monday as Japanese elections proved bad for the government but no worse than already priced in, while Wall Street futures braced for earnings from the first of the tech giants. Investors were also hoping for some progress in trade talks ahead of President Donald Trump’s…
SYDNEY, – Shares slipped in Asia on Monday and oil prices briefly hit five-month highs as investors anxiously waited to see if Iran would retaliate against U.S. attacks on its nuclear sites, with resulting risks to global activity and inflation. Early moves were contained, with the dollar getting only a minor safe-haven bid and no…
As global geopolitical tensions escalate and crude oil prices edge higher, Kotak Mahindra Asset Management Company’s Managing Director Nilesh Shah has warned that any sharp spike in crude oil or disruption in supply could have a negative impact on Indian equity markets. “Indian equity and rates market is like a man having average temperature as…