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Oil prices rebound on prospect of US replenishing strategic reserve

NEW DELHI :Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the U.S., the world's biggest crude consumer, to start replenishing its strategic reserve, putting a floor under prices.Still, prices fell more than 3 per cent on Wednesday to a seven-week
Israel General Shamal Sina United States Hiroyuki Kikukawa Vandana Hari Benjamin Netanyahu

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Asian Stocks Climb After Fed, Yen Resumes Losses: Markets Wrap

(Bloomberg) — Stocks traded mixed and Treasury yields ticked lower after Federal Reserve Chair Jerome Powell downplayed the prospect of further interest-rate hikes. The yen resumed losses after a sudden jump hinted at intervention. Europe’s Stoxx 600 fell 0.3% as Novo Nordisk A/S dropped on disappointing results and Moller-Maersk A/S, a bellwether for global trade,…
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