published Jun 21st 2017, 3:27 pm, by Jeremy Herron (Bloomberg) —Most U.S. stocks fell as oil’s worsening slump weighed on energy and industrial shares, overshadowing fresh rallies in high flying technology and biotech companies. Brent crude slid beneath $45 a barrel to join West Texas Intermediate in a bear market

published Jan 16th 2017, 1:08 pm, by Robert Tuttle and Grant Smith (Bloomberg) —Oil rose in New York after Saudi Arabia’s energy minister said OPEC probably won’t need to extend its supply cuts beyond June as the market reaches a balance. Futures rose 0.5 percent in New York after losing

published Dec 15th 2016, 3:51 pm, by Mark Shenk (Bloomberg) —Oil settled near $51 a barrel in New York as Kuwait was said to make bigger supply cuts to U.S. and European customers. Crude pared losses after earlier falling 2.1 percent as the dollar advanced after the Federal Reserve raised

published Sep 15th 2016, 5:56 pm, by Perry Williams (Bloomberg) — Oil headed for a weekly loss on speculation a global crude glut will persist as disrupted supply returns and demand growth slows. Futures fell 0.7 percent in New York, extending a weekly decline to 5 percent. OPEC members Libya

published Aug 30th 2016, 5:57 pm, by Tsuyoshi Inajima (Bloomberg) — Oil is poised for the biggest monthly advance since April amid speculation talks among OPEC members in Algeria next month may result in action to stabilize the market. Futures in New York have risen 11 percent in August. Iraq

published Aug 11th 2016, 4:49 pm, by Rita Nazareth, Joseph Ciolli and Lu Wang (Bloomberg) — All three U.S. stock benchmarks rose together to record highs for the first time in 16 years amid surprising earnings. European shares erased the slump that followed Britain’s secession vote. Oil climbed, while Treasuries

published Jun 20th 2016, 7:13 pm, by Ben Sharples (Bloomberg) — Oil halted its advance near $49 a barrel before weekly U.S. government stockpile and production data. Futures slid as much as 0.6 percent in New York, trimming a 6.8 percent two-day gain. Inventories probably fell by 1.5 million barrels

published Jun 19th 2016, 5:41 pm, by James Paton (Bloomberg) — Oil extended gains after advancing the most in two months as a weaker dollar bolstered the appeal of commodities. Futures rose as much as 1.1 percent in New York after climbing 3.8 percent on Friday. A gauge of the

published Jun 2nd 2016, 8:07 pm, by Emma O’Brien (Bloomberg) — Asian equities tracked the U.S. rebound, rallying as the S&P 500 Index’s climb to a seven-month high bolstered optimism ahead of jobs data that’s likely to color speculation around Federal Reserve policy. Gold extended its slump. Japanese shares drove

published Apr 26th 2016, 2:17 pm, by Mark Shenk (Bloomberg) —Oil closed at the highest level in more than five months in New York amid signs that a global surplus is gradually diminishing. Futures rose 3.3 percent. BP Plc Chief Executive Officer Bob Dudley, who in February joked that swimming pools might