Oil slips further below $59 on weaker economic outlook
Oil slipped further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.
Oil slipped further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.
European equities opened lower and sterling came off five-month highs on Wednesday as the European Union and Britain resumed talks in Brussels to avert a disorderly Brexit before an EU summit on Thursday and Friday.
EU antitrust regulators on Wednesday ordered U.S. chipmaker Broadcom to suspend certain business deals with TV and modem makers while they investigate whether these agreements are aimed at thwarting rivals.
Airline Swiss expects to resume mostly normal service with its fleet of Airbus A220 jets on Thursday after temporarily grounding the jets for safety checks of their engines, it said on Wednesday.
Oil rose above $59 a barrel on Wednesday, gaining support due to signs that OPEC and allied producers will make further curbs to oil supply in December, and as traders covered short positions ahead of an industry report on U.S. crude inventories.
Boeing Co Chief Executive Dennis Muilenburg told employees he was "fully supportive" of the board's decision to split his chairman and CEO roles, allowing him to focus on running the world's largest planemaker, according to a memo seen by Reuters on Wednesday.
The market is in a slump, but accomplishing three things could lead to a year-end rally, according to a report by Ned Davis Research.
U.S. President Donald Trump on Wednesday said he likely would not sign any trade deal with China until he meets with Chinese President Xi Jinping at the upcoming APEC Forum in Chile.
The U.S. National Highway Traffic Safety Administration (NHTAS) said Wednesday it is reviving a long-stalled effort to overhaul the five-star crash rating program for all new vehicles.
U.S. retail sales fell for the first time in seven months in September, suggesting that manufacturing-led weakness could be spreading to the broader economy, keeping the door open for the Federal Reserve to cut interest rates again later this month.
Wall Street edged lower on Wednesday, as concerns over an escalation in the U.S.-China trade war and weak economic indicators persisted, while a raft of upbeat results underlined a solid start to the third-quarter earnings season.
An old, degraded piece of metal pipe that had not been tested for corrosion led to the June fire and explosions at the Philadelphia Energy Solutions oil refinery, the U.S. Chemical Safety and Hazard Investigation Board said on Wednesday.
T-Mobile US Inc's proposed $26.5 billion tie-up with Sprint Corp won formal approval from the Federal Communications Commission on Wednesday in a vote split along party lines, two sources told Reuters.
Oil rose about 1.4% on Wednesday, gaining support due to signs that OPEC and allied producers will continue to curb supplies in December, a weaker U.S. dollar and as traders covered short positions ahead of an industry report on U.S. crude inventories.
Boeing Co Chief Executive Dennis Muilenburg told employees in a memo seen by Reuters on Wednesday that he was "fully supportive" of the board's decision to split his chairman and CEO roles, allowing him to focus on running the world's largest planemaker.