Oil Extends Advance as U.S. Driller Cut Rigs Amid Global Glut

Oil extended gains after the biggest weekly advance in almost four years as signs of a drilling slowdown in the U.S. bolstered speculation that companies are cutting back crude production amid a global glut. Futures rose as much as 3.3 percent in New York after climbing 7.2 percent last week. Drillers reduced the number of rigs in service by 83 to 1,140, the lowest level since December 2011, according to data from Baker Hughes Inc....

Gold Rebound as Investors Assess Ukraine to Greece After Jobs

Gold rebounded as Greek Prime Minister Alexis Tsipras reaffirmed his government™s rejection of the country™s bailout program and concern increased that Ukraine™s conflict may worsen, spurring demand for haven assets. Bullion for immediate delivery added as much as 0.4 percent to $1,239.31 an ounce and was at $1,237.72 at 11:54 a.m. in Singapore, according to Bloomberg generic pricing. Prices fell to $1,228.48 on Feb. 6, the lowest level...

Hong Kong Stock Down 0.46% by Midday

Hong Kong stocks ended the morning 0.46 percent lower Monday after another batch of weak Chinese trade data, while a strong US jobs report sparked speculation the Federal Reserve will bring forward its timetable for raising interest rates. The benchmark Hang Seng Index rose 113.47 points to 24,565.92 by the break on turnover of HK$36.68 billion ($4.73 billion). Source : AF...

Japan Stocks Rise After Yen Falls on U.S. Jobs, Fed Rate Outlook

Japanese stocks rose after the yen fell against the dollar as a surge in U.S. payrolls fueled bets the Federal Reserve will raise interest rates sooner. Funai Electric Co., which gets two-thirds of its revenue from the U.S., jumped 3.3 percent. Nippon Telegraph & Telephone Corp. jumped 4.5 percent and is headed for the highest close since 2001 after reporting better-than-expected earnings. Dai-ichi Life Insurance Co. rose 2.7 percent...

Chinese Stocks Fall in Hong Kong on Trade Data Amid IPO Concern

Chinese stocks fell in Hong Kong trading, led by energy and financial companies, after trade data missed economists™ estimates and concern grew that new share offerings will divert funds from existing shares. Hong Kong™s Hang Seng China Enterprises Index slipped 0.5 percent to 11,638.29 at 9:39 a.m., dragged down by losses for Haitong Securities Co. and China Shenhua Energy Co. The Shanghai Composite Index dropped 0.1 percent, the CSI...