Oil Trades Near $44 as U.S. Stockpiles Seen Increasing 7th Week

Oil traded near $44 a barrel before U.S. government data forecast to show crude stockpiles expanded in the world’s biggest consumer. Futures rose as much as 0.6 percent in New York after falling 1 percent Monday for a fourth day of declines. Inventories probably increased by 1.28 million barrels through Nov. 6, according to a Bloomberg survey before a report from the Energy Information Administration Thursday. That would be the seventh...

Oil Falls as China Trade Data Raise Demand Concerns

Oil futures edged lower Monday as data from China showed a sharp drop in overall imports, feeding concerns about slowing energy demand from the world’s second-largest oil consumer. December West Texas Intermediate crude, -0.79%  fell by 29 cents, or 0.7%, to $44 a barrel on the New York Mercantile Exchange. December Brent crude, -0.44%  on London’s ICE Futures exchange slipped by 2 cents to $47.40 a barrel. WTI crude prices could ...

Asian Stocks Join Global Selloff on Fed Concern Before China CPI

Asian stocks joined a global selloff amid concern that U.S. policy makers will next month end an unprecedented era of record-low borrowing costs, and as investors awaited a Chinese inflation report. Material and technology shares led declines. The MSCI Asia Pacific Index dropped 0.4 percent to 133.16 as of 9:00 a.m. in Tokyo as Japan’s Topix index slid from an 11-week high. The Standard & Poor’s 500 Index retreated 1 percent on...

Japanese Stocks Slide as Topix Index Retreats From 11-Week High

Japanese stocks fell from the highest level in 11 weeks, tracking declines in global equities, as investors weighed profit reports at companies from Bridgestone Corp. to Japan Display Inc. and the OECD trimmed its global economic forecasts. The Topix index declined 0.9 percent to 1,576.37 as of 9:01 a.m. in Tokyo, after a four-day 4.2 percent advance. The Standard & Poor’s 500 Index sank the most in more than a month on Monday as...

S&P 500 Tumbles Most Since September on Prospect of Higher Rates

The Standard & Poor’s 500 Index tumbled the most in more than a month as the possibility that the Federal Reserve will raise interest rates as early as December weighed on equities. Investors had shrugged off the threat of higher rates on Friday, focusing instead on a robust jobs report that signaled the U.S. economy may be ready to withstand tighter monetary policy. That sentiment reversed Monday in the absence of any...