Oil Falls as Saudi, Russian Output Freeze Seen Leaving Glut

Oil dropped on speculation that a pledge by Saudi Arabia and Russia to freeze production at January levels won’t succeed in tackling the global oil surplus. Crude fell 1.4 percent in New York. The agreement depends on other producers following suit, Qatar’s Energy Minister Mohammed bin Saleh al-Sada said in Doha Tuesday. The pact won’t be meaningful unless Iran and Iraq, which have been raising output, cooperate, Commerzbank AG said....

Gold Sees Sharpest Single-Session Point Drop in Nearly 12 Months

Gold prices tumbled on Tuesday as U.S. stocks drew bidders and after a prominent Wall Street firm offered a bearish outlook on the yellow metal. April gold fell $31.20, or 2.5%, to $1,208.20 an ounce. Renewed appetite for U.S. stocks diminished some of the appeal of the precious metal, which has enjoyed one of its best runs over the past two weeks. Adding to gold's decline was a report from Jeffrey Currie, Goldman Sachs's global head...

U.S. Stocks Climb as Beaten-Down Banks, Retailer Shares Rally

U.S. stocks rose, with the Standard & Poor’s 500 Index posting the best two-day gain in more than five months, despite weakness in oil prices as beaten-down banks, technology and retailer shares led an advance. Citigroup Inc. and U.S. Bancorp climbed more than up 2.7 percent. Retailers, one of last week’s bright spots, added to their longest rally in three months with Amazon.com Inc. and Home Depot Inc. rising at least 2.6 percent....

Hong Kong Stocks Track Global Market Rebound, Led by Energy Shares (Review)

Hong Kong shares extended gains on Tuesday, led by energy stocks as sentiment improved on the back of higher oil prices and rebounding European and Chinese equities.The Hang Seng index rose 1.1 percent, to 19,122.08, while the China Enterprises Index gained 2.1 percent, to 8,028.34 points.Shares rose across the board. An index tracking energy shares jumped more than 3 percen...

U.S. Stocks Climb as Beaten-Down Banks, Retailer Shares Rally

U.S. stocks rose for a second day, overcoming weakness in oil prices as beaten-down banks and retailers led an advance. Citigroup Inc. and U.S. Bancorp climbed more than up 2.7 percent. Retailers, one of last week’s bright spots, added to their longest rally in three months with Amazon.com Inc. and Home Depot Inc. rising at least 1.5 percent. ADT Corp. soared 50 percent after agreeing to be acquired by Apollo Global Management LLC for...