Oil Rises Most in Two Months as Saudis Boost Pricing to Asia

Oil futures jumped the most in two months after Saudi Arabia raised prices for crude shipments to Asia, as demand from refineries improved. West Texas Intermediate crude surged 6.1 percent in New York and Brent gained 5.8 percent in London, where volumes were about 50 percent below the 100-day average because of the Easter Monday holiday. Saudi Arabia narrowed the discount on its main Arab Light grade for next month’s sales to Asia. U.S. ...

Gold Touches Seven-Week High as Job Slowdown Damps Rate Concerns

Gold futures climbed to the highest in almost seven weeks after slower-than-expected hiring in the U.S. boosted speculation that the Federal Reserve will delay raising interest rates. Silver rose to a one-week high. Employers in March added 126,000 workers, the fewest since December 2013 and short of the 245,000 forecast by economists in a Bloomberg survey, a government report showed Friday. Gold slid for three straight quarters as...

U.S. Stocks Rise as Energy Shares Surge With Oil; Gold Rallies

U.S. stocks rose as energy shares rallied after crude jumped the most in two months. Gold touched a seven-week high on speculation the Federal Reserve will hold borrowing costs lower for longer. The Standard & Poor’s 500 Index climbed 0.7 percent at 4 p.m. in New York. Energy shares in the index surged 1.8 percent. West Texas Intermediate crude jumped 6.1 percent as Saudi Arabia raised prices for shipments...

U.S. Stocks Rebound on Dudley Comments After Employment Report

U.S. stocks rebounded from a selloff in futures after comments by a Federal Reserve official refocused investors on the implications for interest rate policy of last week’s employment data. Energy and utility companies led the advance, with Hess Corp. and Halliburton Co. up at least 4.3 percent. Apple Inc. added 1.5 percent, while Coca-Cola Co. rose 2.2 percent amid gains in consumer stocks. The Standard & Poor’s 500 Index gained...

U.S. Stocks Fluctuate, Dollar Falls on Fed Rate Bets; Gold Gains

U.S. stocks fluctuated, while the dollar declined as weaker-than-estimated jobs data added to speculation that the Federal Reserve won’t be in a hurry to raise interest rates. Gold rose and oil climbed as Saudi Arabia raised prices for shipments to Asia. The Standard & Poor’s 500 Index rose less than 0.1 percent at 9:58 a.m. in New York, after earlier falling 0.5 percent. The Bloomberg Dollar Spot Index slipped 0.3 percent, while...