Commodity Markets
Oil prices fall on profit-taking
Mar 21, 2013 08:46 EDT
Global crude oil prices turned lower on Thursday as traders banked profits despite strong Chinese manufacturing data.
Asian markets lifted by China manufacturing data
Mar 21, 2013 07:23 EDT
Asian markets were mixed Thursday as Chinese data showing manufacturing activity in the world's number two economy picked up in March, while Tokyo was lifted by renewed weakness in the yen.
US oil output to surpass imports this year: EIA
Mar 20, 2013 14:20 EDT
The US will produce more oil than it imports beginning late this year for the first time in 18 years, the Energy Information Administration said Wednesday.
Oil prices recover ground
Mar 20, 2013 08:05 EDT
Global crude oil prices bounced back on Wednesday after eurozone finance ministers and the European Central Bank (ECB) vowed to support Cyprus as a crucial bailout deal stood on the brink of collapse, analysts said.
Asian markets mixed after Cyprus vote
Mar 20, 2013 07:35 EDT
Asian markets were mixed on Wednesday after Cypriot lawmakers comprehensively rejected a plan to tax savings as part of a crucial bailout deal.
Petrobras aims to triple Brazil's offshore oil output
Mar 19, 2013 18:55 EDT
Brazil's state-run energy giant Petrobras said Tuesday it aims to triple oil production from its huge deep-water fields by 2017.
European stocks slip before Cyprus vote
Mar 19, 2013 10:49 EDT
Europe's main stock markets dipped on Tuesday ahead of a key parliamentary vote in Cyprus on a crucial bailout deal that sent global share prices reeling the previous day.
Asian markets mostly bounce on Cyprus hopes
Mar 19, 2013 07:12 EDT
Asian markets mostly rebounded on Tuesday while the yen fell against the dollar and euro as concerns over the eurozone abated on news Cyprus was reworking a controversial savings levy.
Asian markets tumble on Cyprus bailout concerns
Mar 18, 2013 07:34 EDT
Asian markets tumbled on Monday and the euro sank as eurozone fears returned on news that Cyprus was planning to tax bank depositors as part of a controversial bailout.
European stocks slide on Cyprus bailout deal
Mar 18, 2013 07:16 EDT
Europe's main stock markets sank on Monday as investors reacted to weekend news that Cyprus plans to tax bank depositors as part of a controversial bailout deal.
Australians warned of 'dramatic' budget plunge
Mar 17, 2013 03:25 EDT
Australian Treasurer Wayne Swan on Sunday warned of a "dramatic" hit to the government's bottom line due to commodity price falls, steeling voters for an austere budget in an election year.
European stocks fall amid Cyprus talks
Mar 15, 2013 13:35 EDT
Europe's main stock markets fell on Friday in downbeat pre-weekend trading before the outcome of a major eurozone ministers meeting aiming to agree a bailout for the Cyprus government, dealers said.
Oil prices rise
Mar 15, 2013 09:10 EDT
Oil prices rose on Friday as a weaker US currency made the dollar-priced commodity cheaper, spurring demand, analysts said.
Asian markets mixed, yen flat after BoJ vote
Mar 15, 2013 07:08 EDT
Asian markets were mixed on Friday following another strong lead from Wall Street, where traders took heart from more upbeat US jobs numbers.
Asian markets mostly rise as yen weakens
Mar 14, 2013 09:06 EDT
Asian markets mostly rose on Thursday, while the dollar climbed against the yen after Japan's parliament agreed the government's nominees to lead the Bank of Japan.
European equities follow Asian stocks lower
Mar 13, 2013 10:42 EDT
European stock markets fell on Wednesday, mirroring earlier losses in Asia, as traders cashed in recent gains and chewed over mixed eurozone inflation figures.
Oil prices mixed before US data, after IEA downgrade
Mar 13, 2013 08:54 EDT
Crude prices diverged on Wednesday ahead of a US data release and after a downgrade to a key oil demand growth forecast, analysts said.
European equities drop after Asia losses
Mar 13, 2013 08:40 EDT
European stock markets fell on Wednesday, mirroring earlier losses in Asia, as traders cashed in recent gains and absorbed diverging eurozone inflation data.
Asian markets slip, yen advances against dollar
Mar 13, 2013 07:18 EDT
Asian markets mostly fell on Wednesday, with few catalysts to drive buying after recent gains, while Wall Street provided a limp lead.
Chevron reaffirms 2017 target on oil, gas output
Mar 12, 2013 10:50 EDT
Chevron Corp. Tuesday reaffirmed that it would meet its target for a large increase in oil and natural gas output in 2017.
