Oil Holds Near $58 as U.S. Crude Stockpile Glut Seen Shrinking

Oil held near $58 after falling a third time in four days before U.S. government data forecast to show the country’s crude supplies shrank for a sixth week. Futures gained as much as 0.4 percent in New York. Crude inventories probably fell by 1.45 million barrels through the week ended June 5, according to a Bloomberg survey before an Energy Information Administration report Wednesday. OPEC, which maintained its production quota at...

Gold Holds Gain From March Low as Dollar, Asian Demand Assessed

Gold held an advance as investors weighed a drop in the dollar against speculation that Asian demand may be waning. Bullion for immediate delivery traded at $1,173.99 an ounce at 8:23 a.m. in Singapore from $1,174.07 on Monday, when prices climbed 0.2 percent, according to Bloomberg generic pricing. The metal fell to $1,162.88 on Friday, the lowest since March 19, after the U.S....

Most Asian Stocks Retreat as Yen Gain Weighs on Japanese Shares

Most Asian stocks fell as a rebound in the yen hurt Japanese shares and investors weighed the outlook for U.S. interest rates and Greece’s debt talks. About three shares dropped for each that gained on the MSCI Asia Pacific Index, which traded little changed at 147.44 as of 9:01 a.m. in Tokyo. Japan’s Topix index slid 0.8 percent after the yen gained 0.9 percent against the dollar on Monday, when the Standard & Poor’s 500 Index...

Japanese Stocks Fall a Third Day on Stronger Yen, Greece Impasse

Japanese stocks fell for a third day after the yen strengthened by the most in more than two months and as Greek negotiations continue in a bid to cement its euro-area membership. The Topix index declined 0.7 percent to 1,649.86 as of 9:01 a.m. in Tokyo, with all but one of its 33 industry groups dropping. The Nikkei 225 Stock Average fell 0.8 percent to 20,298.84. The yen traded at 124.60 per dollar after rising 0.9 percent Monday....

U.S. Stocks Drop to April Low as Treasuries Rise, Dollar Slips

U.S. stocks dropped to a two-month low as technology shares slipped, while Treasuries rose and the dollar fell. European equities slid with bonds in the region as Group of Seven leaders pushed for resolution to Greece’s debt crisis.The Standard & Poor’s 500 Index lost 0.6 percent at 4 p.m. in New York, dropping through its average price for the past 100 days to the lowest since April 7. The Nasdaq 100 Index slid 1 percent, while the...