Oil Surges the Most in Two Weeks After U.S. Inventories Decline

Oil rose the most this month after a government report showed U.S. crude inventories declined as refineries bolstered operating rates. Stockpiles slipped 2.1 million barrels last week, according to the Energy Information Administration. Refineries increased operating rates for the first time since July, and supplies of gasoline and distillate fuels surged. Stocks of oil exploration and production companies rallied, while those of refiners...

Gold Futures Rise as U.S. Consumer-Price Drop Eases Rate Concern

Gold futures gained the most in more than three weeks as signs of tame U.S. inflation eased concern that the Federal Reserve will raise interest rates this week. Prices paid by American households declined in August as cheaper gasoline helped keep increases below the objective of Fed policy makers, a government report showed Wednesday. Gold, historically sought as a store of value as consumer prices rise, is instead benefiting from...

Japanese Stocks Rise Second Day on Higher Oil Prices Before Fed

Japanese stocks rose for a second day as energy explorers rallied on higher crude oil prices, and as investors await a Federal Reserve decision on U.S. interest rates. The Topix index added 1 percent to 1,486.72 as of 9:02 a.m. in Tokyo, with all but one of its 33 industry groups rising. The Nikkei 225 Stock Average increased 1.1 percent to 18,379.16. The Fed announces its interest rate review Thursday. E-mini futures on the Standard...

U.S. Stocks Rise as Energy Shares, Molson Rally While Fed Meets

U.S. stocks closed at their highest level in almost four weeks, with equities spurred on by a rally in energy shares and deal activity among beer brewers while Federal Reserve policy makers debated whether to raise interest rates. The Standard & Poor’s 500 Index rose 0.9 percent to 1,995.12 at 4 p.m. in New York, its highest since Aug. 20, after the gauge rallied 1.3 percent yesterday. Data today showed prices paid by American...

U.S. Stocks Advance Amid Gains in Energy, Molson as Fed Meets

U.S. stocks rose amid deal activity among beer brewers and a rally in energy shares, as Federal Reserve policy makers hold a two-day meeting to decide whether to lift interest rates for the first time since 2006. Molson Coors Brewing Co. jumped 13 percent to a record after Anheuser-Busch InBev NV said it intends to make a bid for Molson’s joint-venture partner SABMiller Plc. Chevron...