Oil prices climbed in Asia Thursday with Brent breaching US$45 a barrel following a fall in U.S. production while raging wildfires threatened to cut Canadian output.
The U.S. dollar strengthened against the yen in Asia Thursday as upbeat U.S. data and speculation of a Japanese intervention helped cement gains from talk of a Federal Reserve interest rate hike next month.
Asia extended a global stock market sell-off Wednesday following sharp losses in New York and Europe as fresh fears over the global economy sparked a flight to safe investments.
Oil turned higher in Asia Wednesday, but the U.S. benchmark remained below US$44 a barrel as a pick-up in the U.S. dollar and rising Iranian crude production limited gains, while traders await the release of inventories later in the day.
The U.S. dollar rallied Wednesday after comments by two regional Fed officials stoked speculation the U.S. central bank could consider raising interest rates next month.
Oil prices rebounded in Asia Tuesday but nagging worries about excess supplies kept them below 2016 highs after data showed Iran and Iraq increasing output.
The U.S. dollar extended its losses against the yen and euro Tuesday as fresh data indicating a slowdown in the U.S. manufacturing sector lowered expectations the Federal Reserve will hike interest rates any time soon.
Australian entrepreneur Craig Wright on Monday identified himself as the creator of Bitcoin, following years of speculation about who invented the pioneering digital currency.
Oil prices dipped Monday after enjoying another strong rally last week, with news of a jump in Iraqi exports bringing supply glut fears back to the fore.
France braced Sunday for violence at May Day rallies where workers are fired up over labor reforms, while similar fears of eroding rights sent tens of thousands into the streets of South Korea.