Oil prices edged down in Asia Tuesday amid continued speculation about whether producers will agree to restrict output at talks in Algeria this week, analysts said.
The World Trade Organization (WTO) on Tuesday revised down its 2016 global trade forecast by more than a percentage point, warning growth had hit its slowest pace since the global financial crisis.
Cartels only work when their members stick together -- but precious little unity is likely to be on show among Organization of the Petroleum Exporting Countries (OPEC) producers at a key meeting in Algiers on Wednesday.
A new survey shows that optimism in the financial services sector has fallen for a third consecutive quarter -- the longest drop since the global financial crisis in 2009.
The U.S. dollar slipped Monday as traders shift focus from central bank policy to the U.S. presidential election, while the Philippine peso tumbled to a seven-year low on worries over President Rodrigo Duterte's policies.
Oil prices rose modestly in Asia on Monday ahead of a producers' meeting this week that might agree to cap supplies.
Oil prices eased on profit-taking Friday following two days of solid gains as traders turned their attention to next week's planned meeting of key producers.
European stock markets rallied Thursday, after solid gains in Asia, as the U.S. Federal Reserve opted against lifting interest rates -- but signaled action later this year.
Oil prices climbed Thursday, building on the previous day's gains following a bigger-than-forecast fall in U.S. stockpiles, and a plunge in the dollar after the Federal Reserve kept interest rates on hold.
European and Asian stocks mostly rallied and the U.S. dollar surged Wednesday after Japan's central bank overhauled its stimulus program and as markets awaited the outcome of the Fed's policy meeting.