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Tag Archives: oil futures

US markets dive amid global selloff

FILE - This July 15, 2013, file photo, shows a sign for Wall Street outside the New York Stock Exchange. Global markets shuddered again Thursday, Feb. 11, 2016, with bank stocks in particular getting hammered, oil falling further and investors turning to perceived safe havens like gold. (AP Photo/Mark Lennihan, File)

U.S. stocks moved sharply lower early Thursday following steep market declines all around the world as concerns about global economic weakness intensified. Financials stocks were among the biggest decliners as investors worried that interest rates in the U.S. and elsewhere would remain low. KEEPING SCORE: The Dow Jones industrial average fell 173 points, or 1.1 percent, to 15,741 as of ...

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Dollar drops vs. yen and euro as stocks weaken, on track for monthly loss

LONDON – The dollar lost ground against the safe-haven yen and the low-yielding euro on Monday as global stock markets began the week in the red, prompting investors to trim bets against currencies popularly used to fund risky carry trades. Under carry trades, investors sell a low-yielding currency to buy a riskier, higher-yielding ones for better returns. When volatility rises ...

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Oil futures crash no help to sellers of the real thing

LONDON/MOSCOW – When oil futures markets crash – as they have this summer – physical markets often move the other way as refiners jump on the opportunity offered by cheap oil to stockpile. With futures prices now hovering around six and a half year lows, the physical market would typically begin to strengthen and signal a potential rebound in futures ...

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Oil edges up on expected U.S. stock draw; Greece, China worries drag

SINGAPORE – Oil futures steadied early on Wednesday on an expected drop in U.S. inventory, but worries over the Greek debt crisis and China’s stock market turmoil dragged on prices. A Reuters poll flagged a 700,000-barrel decline in U.S. oil inventory, while industry group American Petroleum Institute (API) estimated a drop of nearly 960,000 barrels. Government data will be published ...

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Oil falls below $66 as global glut builds

LONDON – Brent crude oil fell below $66 a barrel on Friday after reports that a growing supply glut was boosting inventories worldwide. Oil futures have rallied strongly since January after collapsing last year but analysts say the rebound may have overshot and could be about to correct. Although the U.S. oil market is becoming more balanced, production elsewhere is ...

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