05012016Sun
Last update: Sun, 01 May 2016 07am

Americas

Markets - Energy - Americas

US yields rise on oil gains, 30-year yield falls for 4th straight week NEW YORK: U.S. Treasury debt yields rose from six-week lows on Friday, backed by a surge in oil prices and Federal Reserve Chair Janet Yellen's comments on interest-rate hikes, but fell for the second consecutive week with 30-year bond yields falling for the fourth week in a row.Crude oil futures surged about 6 percent as encouraging economic indicators in the United States and Europe boosted hopes of rising demand."We seem to be being pulled in a lot of different directions for a variety of reasons," said Societe Generale head of U.S. rates strategy Subadra Rajappa. "But I would say that the correlation with oil is number one on the list."After Thursday's market close, Yellen said in a rare appearance with former Fed chairmen Ben Bernanke, Alan Greenspan and Paul Volcker that the U.S. economy was close to full strength. She said inflation would not be held down much longer by ...

Markets - Energy - Americas

Oil rise lifts Latam currencies; eyes on Peru, Brazil SAO PAULO: A jump in oil prices put Latin American currencies on track for a positive end to a week marked by hefty losses as investors turned their focus to political developments in Peru and Brazil over the coming days.Hopes that major oil producers could agree to freeze output at a meeting in Doha on April 17 lifted crude prices by more than 6 percent, triggering a rebound in demand for risky assets.Latin American markets ...

Markets - Energy - Americas

Oil prices jump 5 pct after surprise U.S. crude stockpile draw NEW YORK: Oil prices rose 5 percent on Wednesday, their biggest advance in three weeks, after the U.S. government reported a surprise draw in domestic crude stockpiles versus market expectations for a new record high.Minutes from the Federal Reserve's latest policy meeting indicating no rate hikes in April also weakened the U.S. currency, making dollar-denominated oil more attractive to those holding the euro and other currencies.After hitting one-month lows a day earlier, oil prices rallied ...

Markets - Energy - Americas

US Cash Crude-Gulf grades rise on wider Brent US Gulf Coast differentials edged up on Tuesday after Brent's premium over US crude widened, trading sources said.The moves come after traders continued to bid heavy blend crude barrels lower for the second consecutive day, with Western Canada Select for May delivery into Hardisty, Alberta, down another 35 cents in the day.On Monday, TransCanada Corp said it shut its Keystone crude pipeline on the weekend following an incident in South Dakota.That closure rippled through parts ...

Markets - Energy - Americas

Oil rebound not overdone, crude in early bull market NEW YORK: Oil is in an early bull run despite the notion prices have rebounded too fast, too soon, hedge fund manager Jonathan Goldberg says as his energy-focused investment fund posts a 9 percent gain in the first quarter of this year."Yes, the market is not as short as it was when prices were $26 (a barrel)," Goldberg, manager of the energy-focused $550 million BBL Commodities Value Fund in New York, told investors in a ...

Markets - Energy - Americas

Oil prices fall on dimming prospect of output restraint SINGAPORE: Oil prices slipped in early trading on Monday as the chances fell of Middle East producers agreeing to restrain overproduction, while U.S. output has remained stubbornly high despite spiralling debt levels and bankruptcies.Front month U.S. West Texas Intermediate (WTI) crude futures were trading at $36.23 per barrel at 0014 GMT, down over half a dollar from their last settlement.International Brent futures were down 45 cents at $38.22 a barrel.The falls extended a 4 percent ...

Markets - Energy - Americas

Kosmos Energy signs deal for majority stake in Sao Tome oil block SAO TOME: US energy firm Kosmos Energy has acquired majority rights to one of the oil blocks in Sao Tome and Principe's exclusive economic zone, the company and the African island nation said on Saturday. Kosmos Energy acquired a 65 percent stake in Block 12, meaning that it now has stakes in four of Sao Tome's 19 offshore blocks.Block 12's remaining stakes are controlled by Sao Tome and Principe's National Petroleum Agency and Equator Exploration, ...