Thu Mar 17, 2016/Reuters By Barani Krishnan Oil prices hit 2016 highs on Thursday, with U.S. crude piercing the $40 psychological barrier, on optimism that major producers will strike an output freeze deal next month amid soaring gasoline demand in the United States. A weaker dollar .DXY after a Federal […]
Tag: OPEC
Nigeria says producers to meet in Moscow, sees dramatic impact
The Mar 3, 2016/Reuters By Camillus Eboh Some members of OPEC plan to meet other oil producers in Russia around March 20 for new talks on an oil output freeze, Nigeria’s petroleum minister said on Thursday, forecasting the meeting would spark a dramatic reaction in crude prices. Nigeria has been […]
Asian shares inch up after China stimulus step
Mon Feb 29, 2016/Reuters By Lisa Twaronite Asian shares rose on Tuesday, bolstered by China’s monetary easing and downbeat manufacturing and service surveys that raised hopes of additional measures, though lackluster U.S. and European data kept concerns about global growth momentum alive. MSCI’s broadest index of Asia-Pacific shares outside Japan […]
