Oil prices rose above $48 a barrel on Tuesday as investors took advantage of a two-day slide in crude following Britain's vote to leave the European Union to lock in lower prices.
The vote result sent globa
The number of Americans filing for unemployment aid fell from a 14-month high last week, the latest sign that the economy was regaining speed after stumbling in the first quarter.
Another report on Thursday showed factory activity
Asian stocks rose on Friday after a hint of more monetary easing by the European Central Bank and a bounce in crude oil from 12-year lows helped soothe skittish markets.
Japan's Nikkei jumped 3.5 per cent t
The energy sector led the beaten-up US stock market higher on Thursday as oil prices rebounded from 12-year lows.
Major US indexes climbed about two per cent after dropping to 3-1/2 month lows on Wednesday. Gai
Gold rebounded and world shares weakened on Friday before a meeting of euro zone finance ministers that could put Greece on its way to exiting the bloc, but prices were still headed for their fourth straight weekly drop.
Crude oil prices are likely to bottom out in the first half of 2015, until a possible slowdown in US shale production counters a supply glut exacerbated by Opec's decision not to cut output, a Reuters monthly
A strong rebound by Gulf stock markets looks set to slow on Sunday as the outlook for oil prices remains cloudy, but the panic which engulfed stocks earlier this month is unlikely to return.
Gulf bourses surged on Thursday, with S
The oil market has entered a new era with lower Chinese economic growth and booming US shale output, making a return soon to high prices unlikely, the West's energy watchdog said on Friday.
The International Energy Agency (IEA
Gold was close to $1,300 an ounce on Thursday and edging lower on signs the Federal Reserve may trim its stimulus measures this year and as the dollar rebounded after President Barack Obama began meetings with lawmakers to resolve the US budget