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Oil price rebounds from two days of losses in volatile trade
NEW YORK: Oil prices rebounded from two days of losses in a volatile session on Thursday, bolstered by weakness in the dollar and expectations that China could ease some lockdown restrictions that could boost demand.
Oil prices rise amid dollar weakness
NEW YORK, May 19 (Xinhua) -- Oil prices climbed on Thursday, amid a slide in the U.S. dollar.
Asian shares drop sharply as they track Wall Street's inflation-fuelled retreat
Shares dropped sharply in Asia on Thursday after a broad retreat on Wall Street triggered by dismal results from major retailer Target that added to worries over persisting high inflation.
Oil prices recoup early losses on China hopes, global supply fears
TOKYO: Oil prices rose on Thursday, recovering from early losses, on hopes that planned easing of restrictions in Shanghai could improve fuel demand while lingering concerns over tight global supplies outweighed fears of slower economic growth.
Oil price falls 2.5% as US refiners ramp up output, equities retreat
HOUSTON:Oil prices fell 2.5% on Wednesday, reversing early gains as traders grew less worried about a supply crunch after government data showed U.S. refiners ramped up output, and as crude futures followed Wall Street lower.
Oil prices climb on hopes of China demand recovery (Update)
NEW YORK: After hitting seven-week highs, oil prices slumped 2% on Tuesday as Reuters reported that the United States could ease some restrictions on Venezuela's government, raising hopes that the market could see some additional supplies.
Oil prices drop amid hopes for Venezuela supply
NEW YORK, May 17 (Xinhua) -- Oil prices fell on Tuesday as the United States moved to ease some sanctions against Venezuela.
Oil prices inch lower as EU's Russian oil ban stalls
SINGAPORE: Oil prices inched lower on Tuesday as Hungary resisted a European Union push for a ban on Russian oil imports, a move that would tighten global supply, with investors taking profits on a recent rally.
Press Metal, commodities lead FBM KLCI lower
KUALA LUMPUR: The FBM KLCI stayed ahead of the 1,550 psychological resistance at midday as Press Metal and other commodity plays lifted the benchmark.
