Safe-haven yen, US dollar gain on rising MidEast tension
By Gertrude Chavez-Dreyfuss, Kevin Buckland and Sruthi Shankar NEW YORK/TOKYO (Reuters) -The Japanese yen rose to a three-week high against the U.S. dollar on Monday, while the greenback rallied from…
Oil climbs 3% on Mideast tensions, Libya output cuts
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose nearly 3% on Monday as supply concerns sharpened on reports of escalating conflict in the Middle East as well as production cuts…
Seven injured in fire at Russia’s Omsk oil refinery, production continues
MOSCOW (Reuters) – The Omsk oil refinery, Russia’s largest, reported a fire on Monday but said it was operating as usual and that production plans will be fulfilled. “The fire…
Exxon forecasts 2050 oil demand to match today’s, 25% above BP estimate
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil (NYSE:XOM) said on Monday it expects crude demand to stay above 100 million barrels per day (bpd) through 2050, similar to today’s…
Russia says it disrupted Ukraine’s power network and arms supplies with massive strike
MOSCOW (Reuters) – Russia said on Monday it had conducted a massive strike on Ukraine which it said had disrupted the electricity supply and the transport by rail of arms…
Dollar drops against yen but broadly stable after last week’s decline
By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) – The dollar fell to a three-week low against the yen on Monday but halted its recent slide against most other currencies…
Oil up 3% on Libya halt, Mideast escalation fears
By Robert Harvey LONDON (Reuters) -Oil prices rose nearly 3% on Monday on reports of a near total production stoppage in Libya, adding to earlier gains on concerns that escalating…
Besides ME tensions, Libya’s crisis could cause oil prices to overshoot
Investing.com — In the Middle East and North Africa (MENA) region, recent geopolitical developments have increased attention to oil markets, with Libya’s escalating situation receiving particular attention. The ongoing tensions…
Breaking down the correlation between oil and gold prices
Investing.com — Economic analysts, investors, and market analysts have long been interested in the relationship between oil and gold prices. Both commodities have a critical role in the global economy…
Oil up 2% on Libya shutdowns, Mideast escalation fears
By Robert Harvey LONDON (Reuters) -Oil prices rose 2% on Monday on news of fresh production outages in Libya, adding to earlier gains on concerns that an escalating Gaza conflict…
