Crude oil futures advanced during the Asian trading hours Thursday after data showed Chinese inflation continued to cooled for a fourth straight month in July, rising hopes for monetary easing measures to support growth.
China hailed the recent agreement between Sudan and South Sudan that will allow the landlocked South to resume exporting crude oil through its northern neighbor's pipelines after months of tense negotiations.
Crude oil futures declined during the Asian trading hours Monday after surging the most in a month in the previous session on upbeat U.S. jobs data.
Next week will be a reasonably quiet one for both the U.S. and the euro zone, but China will be dumping a whole bunch of macro data for July .
The financial markets were in a full-throttle rally Friday as stocks, bonds, commodities and foreign currencies all rose, following a week of sell-offs amid various policy and economic disappointments.
The peak weeks are now behind us and the number of earnings reports we get each week will now drift lower.
The U.S. Congress passed new sanctions against Iran's oil and nuclear program on Wednesday evening, but Israeli officials remain unconvinced that the sanctions will have the desired effect.
The financial situation in Iraq, one of the world's largest reservoirs of crude oil, has become grave.
Crude oil prices remained near $90 a barrel during Asian trading hours Tuesday as investors awaited the outcome of major central bank meetings later this week.
The week is chock-full with data releases that will confirm if the summer malaise continued in July. As always, Friday's employment report will carry the most weight. Another highlight of this week is the much anticipated Federal Open Market Committee meeting on Tuesday and Wednesday.
Crude oil futures advanced Monday as sentiment was buoyed on speculation that major central banks around the world would act to tackle the deteriorating global economic conditions.
This time, China's bid is unlikely to be blocked by the government, as its attempted takeover of Unocal was seven years ago
Based on a median estimate among analysts polled by Thomson Reuters, ExxonMobil will report earnings of $1.96 a share on revenues of about $115.08 billion -- a decline of 8.3 percent from the year before. The company will post its second-quarter earnings on Thursday at 10 a.m. EDT.
Crude oil futures advanced Tuesday as fears over a sharp growth slowdown in the world’s second largest economy slightly eased after a report showed that Chinese factory activity in July grew at its fastest pace in five months.
In a fairly light week of data, Friday's first take on the U.S. second-quarter gross domestic product will be the main event. Economists expect a feeble reading of 1.4 percent. This will be the final major data point to influence participants at the July 31 - Aug.1 meeting of the policy-setting Federal Open Market Committee.
Spain's stock market plunged Monday to its lowest level in nearly 10 years on growing doubts that the nation can avoid defaulting on its massive debts without an external rescue. The government also instituted a three-month ban on short-selling all securities.
