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Oil prices jump as major US fuel pipeline restarts but COVID concerns cap gains
NEW YORK: Oil prices rose on Friday, reversing some of the previous day's sharp losses as stock markets strengthened and the U.S. dollar slipped, though gains were capped by the coronavirus situation in major oil consumer India.
GLOBAL MARKETS-US and world stocks surge in recovery; dollar, bond yields dip
NEW YORK: U.S. stocks rallied in a sharp rebound on Friday as investors set aside inflation worries and bought shares hammered by the week's volatility, with the shift back into riskier assets dragging on the dollar.
Oil extends loss on India Covid-19 cases, U.S. pipeline restart
SINGAPORE: Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack.
Stocks rebound as Fed officials calm inflation fears, for now
TOKYO: Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic revival.
Asian stocks rebound as Fed officials calm inflation fears
TOKYO: Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic recovery.
Oil extends loss Friday on India COVID-19 cases (Update)
SINGAPORE: Oil prices fell on Friday after dropping about 3% a day earlier as coronavirus cases remained high in major oil consumer India and as a key fuel pipeline in the United States resumed operations after being shut due to a cyber attack.
GLOBAL MARKETS-US stocks rebound after rout, bond yields dip
NEW YORK: U.S. shares rebounded on Thursday after falling for three consecutive days and benchmark Treasury yields dipped, as investors snapped up stocks that would benefit from an economic recovery and shrugged off worries about rising prices, for now.
Oil price rises to 8-wk high on demand hopes, U.S. export decline
NEW YORK: Oil prices rose to an eight-week high on Wednesday as U.S. crude exports plunged and on signs of a speedy economic recovery and upbeat forecasts for energy demand
Banks help shore up KLCI amid cautious market
Public Bank and Hong Leong Bank helped shore up the FBM KLCI in early Wednesday trade but again the broader market was cautious as the MCO 3.0 came into effect throughout the nation.
Oil prices rise on nagging fears of fuel shortages
NEW YORK: Oil prices settled higher on Tuesday, as lingering fears of gasoline shortages due to an outage at the largest U.S. fuel pipeline system after a cyber attack brought futures back from an early drop of more than 1%.
