Oil Rises Amid Talk That OPEC, Russia to Reconsider Production

Oil climbed after Iraq’s oil minister said at a conference in Kuwait that Saudi Arabia and Russia are now more flexible about cooperating to cut output. Futures rose 3.7 percent in New York. Saudi Arabia and Russia, the world’s biggest oil producers, have become more flexible about collaborating to trim output as crude prices have fallen to unforeseen levels, Iraqi Oil Minister Adel Abdul Mahdi said Tuesday. Russia could work with OPEC...

Gold Futures Log Best Closing Price in Nearly 3 Months

Gold futures on Tuesday posted their best settlement since early November as jitters surrounding the oil market and China helped make the metal more attractive to investors. February gold rose $14.90, or 1.4%, to settle at $1,120.20 an ounce–its highest settlement price since Nov. 2, according to FactSet data. The climb came amid a volatile day on the financial markets, with oil sliding below $30 a barrel before staging a rally....

U.S. Stocks Rise Amid Earnings as Energy Shares Rebound With Oil

U.S. stocks rallied, with the Dow Jones Industrial Average posting its strongest gain in more than seven weeks, amid better-than-forecast earnings from companies ranging from 3M Co. to Coach Inc. while energy shares rebounded with oil after a selloff Monday. The Standard & Poor’s 500 Index added 1.4 percent to 1,903.62 at 4 p.m. in New York, recovering from a 1.6 percent drop yesterday. Tuesday’s rally provided a reprieve for the...

Miners Lead Europe Stock Gains While Siemens Surges on Earnings

A rebound in commodity and energy producers led the advance in European equities, while earnings at Siemens AG and Royal Philips NV further boosted sentiment. The Stoxx Europe 600 Index climbed 0.9 percent at the close of trading in London. It erased a decline of as much as 2 percent as crude rose above $30 a barrel after Iraq’s oil minister said Saudi Arabia and Russia are now more flexible about cooperating to cut output. Siemens ...

U.S. Stocks Rally Amid Earnings as Crude Shrugs Off China Slump

U.S. stocks advanced with commodities from crude to copper as investors looked past another rout in Chinese stocks to focus on corporate earnings and the start of the Federal Reserve’s first policy meeting since turmoil gripped financial markets. The Standard & Poor’s 500 Index extended gains after data showed an increase in consumer confidence. The Dow Jones Industrial Average jumped more than 200 points as 3M Co. and Procter &...