Banks, energy shares lift FTSE 100; Greggs top mid-cap gainer
Oct 5 (Reuters) – London’s FTSE 100 rose on Tuesday, buoyed by heavyweight banks on higher yields, while fast-food chain Greggs jumped after raising its profit forecast. The blue-chip FTSE 100 index (.FTSE) gained 0.6% by 0800 GMT after three straight sessions of losses, with HSBC Holdings (HSBA.L), Royal Dutch Shell (RDSa.L), BP (BP.L), and Lloyds Group (LLOY.L) among the top boosts. The […]
Oil falls to $74 on risk-averse mood, U.S. Gulf output
Oil dropped more than $1 a barrel to around $74 on Monday as rising risk aversion weighed on stock markets and boosted the U.S. dollar, while more U.S. Gulf oil output came back online in the wake of two hurricanes.
Oil rises on declining inventories and weaker dollar
Oil prices edged higher on Thursday, supported by a sharp decline in U.S. crude stocks and a weaker dollar, though gains were capped by an OPEC+ decision to stick to its policy of gradually increasing output.
Floods, outages stall energy firms’ restart efforts after Ida
Widespread flooding, power outages and debris-strewn roads slowed recovery efforts by energy companies on Tuesday after Hurricane Ida ripped into oil production facilities, ports and refineries.
Oil steadies as Hurricane Ida weakens, OPEC+ in focus
Oil steadied on Monday, giving up most of an earlier rally to a four-week high, as Hurricane Ida weakened after forcing shutdowns of U.S. Gulf oil production, and OPEC+ looked set to go ahead with a planned oil output increase.
China’s Sinopec posts $6 bln H1 profit on rebounding oil prices, better demand
China Petroleum & Chemical Corp (600028.SS) on Sunday reported a 39.15 billion yuan ($6.05 billion) net profit for the first six months of 2021 on the back of renewed fuel demand and a rebound in oil prices amid a recovery from the impact of COVID-19.
Oil steadies near $71 after two-day rally
Oil prices steadied near $71 a barrel, taking a breather after a strong rally in recent days as Mexico was set to resume crude production following a major outage.
Oil jumps 3% on weaker dollar after seven days of losses
Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.
Asian shares move off near year lows, NZ holds rates steady
Asian shares edged off near year-to-date lows on Wednesday despite Wall Street’s overnight declines, while New Zealand’s central bank defied expectations by not raising interest rates as the country is in lockdown due to cases of the COVID-19 Delta variant.
Oil prices weighed down by weak Asian demand
Oil prices fell on Tuesday, with both contracts heading for a fourth straight session of losses, weighed down by a weak demand picture in Asia and OPEC and its allies saying the market does not need more crude.
