Oil price news: Oil holds modest loss as risk-off tone counters lower stockpiles
Oil swung as a significant slowdown in the US economy in the first quarter countered a bigger-than-expected drawdown in American stockpiles.
Oil swung as a significant slowdown in the US economy in the first quarter countered a bigger-than-expected drawdown in American stockpiles.
US Treasury Secretary Janet Yellen said intervention in foreign-exchange markets should be rare, when asked for her reaction to any potential move by Japan to address the slide in the yen against the dollar.
Treasuries slumped and traders further trimmed their outlook for the pace of Federal Reserve interest-rate cuts, deterred by signs of sticky price pressures.
South African Mines Minister Gwede Mantashe signaled his opposition to BHP Group Ltd.’s proposed takeover of Anglo American Plc.
The European Union is discussing with member states proposals to sanction key Russian liquefied natural gas projects and a ban on using EU ports to re-export supplies destined for third countries, as part of an effort to limit Moscow’s ability to generate revenues from the fossil fuel.
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