Friday, December 6, 2013
Oil remained above US$97 a barrel Thursday on lower U.S. stockpiles but concerns of oversupply in the Middle East capped gains. Benchmark U.S. crude for January delivery was up 4 cents at US$97.24 a barrel at midafternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract gained US$1.16 to close at US$97.20 on Wednesday.
Thursday, December 5, 2013
Global growth was modest and a tepid expansion in the eurozone masked a growing disparity among its key members last month, data showed on Wednesday.
Indonesia India Wednesday rejected a proposed World Trade Organization package, casting a cloud over a high-stakes conference tasked with reviving the WTO's faltering efforts to liberalize global commerce.
Tablet computers have been one of the hottest items in tech in recent years, but sizzling growth is likely to slow in the coming years, a market tracker said Tuesday.
World stock markets put in a patchy performance Wednesday, with Japan suffering a sharp fall, as investors continued to worry the U.S. Federal Reserve will soon start reducing its monetary stimulus.
The dollar turned up in Asia Wednesday after suffering losses in New York, as investors await key U.S. indicators that will give dealers a better idea about the Federal Reserve's plans for its stimulus program.
The price of oil surged above US$97 a barrel Wednesday on expectations U.S. crude stockpiles fell. Benchmark U.S. crude for January delivery was up US$1.16, or 1.2 percent, to US$97.20 a barrel at mid-afternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract rose US$2.22 to US$96.04 on Tuesday after TransCanada said the southern leg of its Keystone XL pipeline should be operational early next month.
Wednesday, December 4, 2013
Saudi Arabia is satisfied with current crude prices as well as global supply and demand levels, its oil minister said Monday, indicating OPEC will freeze its output ceiling.
World stock markets mostly fell Tuesday as investors awaited a slew of U.S. economic data this week to gauge when the Federal Reserve will start reducing its monetary stimulus.
The dollar rose in Asia Tuesday after better-than-expected U.S. manufacturing figures stoked speculation that the Federal Reserve will start tapering its stimulus before year's end.