Oil prices recover on big US crude stock drawdown, pipeline shutdown supports

By Osamu Tsukimori TOKYO, Dec 13 : Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets. Brent crude was up 69 cents, or 1.1 percent, at $64.03 a barrel by […]

Copper edges higher ahead of expected U.S. rate hike

By Melanie Burton MELBOURNE, Dec 13 : – London copper edged higher on Wednesday as the dollar eased after hitting one-month highs earlier on expectations that the U.S. Federal Reserve will raise interest rates for a fifth time since 2015. The dollar slipped against a basket of currencies after a Democrat won a bitter fight […]

Oil prices recover on big US crude stock drawdown, pipeline shutdown supports

By Osamu Tsukimori TOKYO, Dec 13 : Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets. Brent crude was up 64 cents, or 1 percent, at $63.98 a barrel by […]

Asian shares up, dollar dips as Democrat wins Alabama Senate race

By Lisa Twaronite TOKYO, Dec 13 :US stock futures, Treasury yields and the dollar fell on Wednesday as Democrat Doug Jones beat Republican Roy Moore in a bitter U.S. Senate race in Alabama, while Asian shares edged up as crude oil futures took back lost ground. Jones’ victory could mean trouble for President Donald Trump […]

Gold inches up from near 5-mth low ahead of Fed meeting

By Apeksha Nair Dec 12 : – Gold was slightly higher on Tuesday, just up from its lowest in nearly five months in the previous session, and ahead of the start of a two-day U.S. Federal Reserve meeting. Spot gold rose 0.2 percent to $1,244.74 an ounce by 0736 GMT, after hitting its lowest since […]