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Friday, January 16, 2015
Oil prices fell in Asia on Thursday after a bargain-buying rally the day before lost steam, with a pick-up in U.S. inventories reinforcing concerns about weak demand and a supply glut.
Thursday, January 15, 2015
Stock markets sank Wednesday after the World Bank downgraded its global growth forecast and the slump in oil and metals prices kept investors on edge.
The yen rose in Asia on Wednesday as plunging oil prices sent jittery investors into safer assets, while the euro was hit by expectations of more stimulus from the European Central Bank (ECB).
Oil prices on Tuesday slipped further toward six-year lows in Asia after major crude producers stressed they will maintain output levels despite an oversupply.
Wednesday, January 14, 2015
UAE says OPEC will no longer shore up oil price
The United Arab Emirates said on Tuesday that OPEC will no longer move to shore up crude prices, arguing that rising North American shale oil output needed to be curbed.
Tuesday, January 13, 2015
European stock markets were higher Monday while Asian markets fell as investors digested another slide in the price of oil and strong hiring in the U.S.
The dollar fell in Asia Monday after a report revealed a decline in U.S. wages that could dampen consumer spending and delay an interest rate increase.
Oil fell further in Asia Monday, with weak demand and a supply glut putting relentless pressure on prices already at their lowest in five and a half years, analysts said.
Hungary has restarted gas supplies to neighboring Ukraine, Hungarian pipeline network operator FGSZ Zrt said Sunday, after suspending deliveries in September, prompting criticism from Ukraine's state-owned gas firm Naftogaz.
Monday, January 12, 2015
Tesla Motors has been the darling of Wall Street. A-list stars including Hollywood's leading men Leonardo DiCaprio, Brad Pitt and George Clooney are all also fans.
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