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Oil near flat; virus impact offsets Libya supply disruptions

1 day ago NAMEX Comments Off on Oil near flat; virus impact offsets Libya supply disruptions
NEW YORK (Reuters) – Oil prices were near flat on Tuesday, pressured by concerns over the impact on crude demand from the coronavirus outbreak in China, but prices drew support from a reduction in supply from Libya. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas Read More

GLOBAL MARKETS-Stocks under pressure as Apple sounds warning on coronavirus

2 days ago NAMEX Comments Off on GLOBAL MARKETS-Stocks under pressure as Apple sounds warning on coronavirus
TOKYO (Reuters) – Asian shares fell and Wall Street was poised to retreat from record highs on Tuesday after Apple Inc (AAPL.O) said it would miss its March quarter revenue guidance as the coronavirus slowed production and weakened demand in China. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside Read More

Stocks fall after Apple warns on coronavirus impact

2 days ago NAMEX Comments Off on Stocks fall after Apple warns on coronavirus impact
TOKYO (Reuters) – Asian shares fell and Wall Street retreated from record highs on Tuesday after Apple Inc (AAPL.O) said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index Read More

U.S. stock futures retreat, Asia dips after Apple warns on virus impact

2 days ago NAMEX Comments Off on U.S. stock futures retreat, Asia dips after Apple warns on virus impact
TOKYO (Reuters) – U.S. stock futures slipped from record levels on Tuesday after Apple Inc (AAPL.O) said it will not meet its revenue guidance for the March quarter as the coronavirus outbreak slowed production and weakened demand in China. FILE PHOTO: People wearing surgical masks walk past a screen showing Nikkei index outside a brokerage Read More

Asian shares tick up, aim for second week of gains amid virus scare

6 days ago NAMEX Comments Off on Asian shares tick up, aim for second week of gains amid virus scare
TOKYO (Reuters) – Asian shares edged up on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic. FILE PHOTO – Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a Read More

Oil prices stabilize, set for weekly gain on hopes for supply cut

6 days ago NAMEX Comments Off on Oil prices stabilize, set for weekly gain on hopes for supply cut
SINGAPORE (Reuters) – Oil prices were steady on Friday, but set for their first weekly gain in six weeks on the assumption that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil Read More

GLOBAL MARKETS-Asian shares tick up, aim for second week of gains amid virus scare

6 days ago NAMEX Comments Off on GLOBAL MARKETS-Asian shares tick up, aim for second week of gains amid virus scare
TOKYO (Reuters) – Asian shares edged up on Friday, on course to post the second straight week of gains, helped by hopes governments will make provisions to soften the impact on their economies from the coronavirus epidemic. FILE PHOTO – Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a Read More

Oil prices steady but set for weekly gain on supply cut optimism

6 days ago NAMEX Comments Off on Oil prices steady but set for weekly gain on supply cut optimism
SINGAPORE (Reuters) – Oil prices were steady on Friday but are set for their first weekly gain in six weeks on the assumption major producers will implement deeper output cuts to offset slowing demand in China, the world’s second-largest crude user. FILE PHOTO: Pump jacks operate in front of a drilling rig in an oil Read More

REFILE-GLOBAL MARKETS-Shares step back as hopes of early end to coronavirus fade

6 days ago NAMEX Comments Off on REFILE-GLOBAL MARKETS-Shares step back as hopes of early end to coronavirus fade
TOKYO (Reuters) – Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts. FILE PHOTO – Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a Read More

Shares step back as hopes of early end to coronavirus fade

6 days ago NAMEX Comments Off on Shares step back as hopes of early end to coronavirus fade
TOKYO (Reuters) – Global shares eased on Friday, as investors were spooked by a sharp rise in the number of coronavirus cases in China this week while oil prices extended gains on hopes of more production cuts. FILE PHOTO – Pedestrians wearing facial masks are reflected on an electric board showing stock prices outside a Read More