Oil Settles Lower after Intraday U-turn

Oil futures staged an intraday U-turn on Thursday, settling lower and giving up a portion of 8% leap seen a day earlier, as doubts over the potential for a production cut among major producers offset earlier support from weakness in the U.S. dollar. March West Texas Intermediate crude fell by 56 cents, or 1.7%, to settle at $31.72 a barrel on the New York Mercantile Exchange. Prices had surged earlier to $33.60,...

Gold Scores Highest Finish since Late October

Gold futures climbed on Thursday as further weakness in the U.S. dollar and haven demand for the metal lifted prices to their highest settlement level since late October. April gold added $16.20, or 1.4%, to settle at $1,157.50 an ounce–the highest closing level for futures prices since Oct. 28. New York Fed President William Dudley on Wednesday hinted that tighter financial conditions could prompt the central bank to delay its...

Hong Kong shares end up on energy stocks, weaker U.S. dollar

Hong Kong stocks rose on Thursday as energy shares surged on a rebound in oil prices, while an overnight tumble in the U.S. dollar eased fears of capital outflows. The Hang Seng Index rose 1.0 percent, to 19,183.09, while the China Enterprises Index gained 1.5 percent, to 7,974.40 points. An index trading energy plays jumped 4.6 percent, aided by sharp rises in oil giants PetroChina, Sinopec and CNOOC. Sentiment was also aided by a weaker...

U.S. Stocks Advance as Raw-Materials, Industrial Shares Rally

U.S. stocks rose for a second day amid a rally in raw-material and industrial shares, as dollar weakness boosted commodity prices and optimism for profits of multinational companies. The Standard & Poor’s 500 Index rose 0.2 percent to 1,915.42 at 4 p.m. in New York, after swinging between gains and losses throughout the session. A steep drop in the dollar sparked equity gains yesterday led by energy and raw-materials, halting the...

Credit Suisse Drags European Stocks Down Even as Miners Surge

Losses in Credit Suisse Group AG and Daimler AG after earnings announcements dragged European stocks lower, even as commodity producers rallied the most since 2011. After a day of jumps and slumps, the Stoxx Europe 600 Index closed down 0.2 percent, dropping for a fourth straight session. Credit Suisse slumped to its lowest price since 1992 after posting its biggest quarterly loss in seven years. Daimler AG fell 3.2 percent...