Oil Declines as U.S. Supplies Seen Expanding Before Doha Meeting

Oil retreated from the highest level in more than four months as U.S. industry data showed crude stockpiles expanded before talks between major suppliers about freezing output. Futures slid as much as 1.5 percent in New York after climbing 13 percent the previous three sessions. Inventories rose by 6.2 million barrels last week, the American Petroleum Institute was said to report. Government data Wednesday is forecast to show they gained...

Oil Futures Top $42 to Mark Highest Settlement of The Year

Oil futures rallied above $42 a barrel Tuesday to settle at their highest level of the year, buoyed by a report that said Saudi Arabia and Russia have reached a deal to freeze production ahead of a meeting of major oil producers this weekend. Adding further support, the Energy Information Administration raised its oil-price forecasts and cut its U.S. output expectations for this year and next. May WTI crude rose $1.81, or 4.5%, to...

Asian Stocks Rise as Crude Rally Buoys Energy Shares, Yen Drops

Asian stocks climbed for a sixth day, heading for the longest winning streak in six months, as rising crude prices buoyed energy producers and a weaker Japanese currency boosted shares in Tokyo. The MSCI Asia Pacific Index rose 0.9 percent to 128.81 as of 9:07 a.m. in Tokyo. Japan’s Topix index added 1.6 percent as the yen held Tuesday’s losses. Crude yesterday jumped to its highest level since November on prospects Russia and Saudi...

Japan Stocks Rise Second Day After Oil Surges to Four-Month High

Japanese shares rose for a second day, led by commodity producers, as the yen weakened and after oil prices surged. The Topix index added 1.5 percent to 1,319.31 at 9:03 a.m. in Tokyo, with 10 shares rising each that fell. The Nikkei 225 Stock Average gained 1.5 percent to 16,169.38. The yen traded at 108.70 per dollar, weakening for a second day after climbing on Monday to the strongest level since October 2014. Crude rose to a four-month...

Hong Kong Shares Rise, Taking Cues From Regional Markets

shares finished firmer on Tuesday, taking their cue from some buoyant markets in the region while shrugging off weakness in mainland China's markets. The Hang Seng index rose 0.3 percent, to 20,504.44, while the China Enterprises Index gained 0.4 percent, to 8,841.86 points. Hong Kong shares drew some inspiration from bullish stocks in Japan, where main indexes rose more than 1 percent. All main sectors in Hong Kong, with the exception...