Oil prices edged higher on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude remained down more than 6% on the week and set for a second consecutive weekly decline.
The market is in a slow melt-up mode on Friday.
Oil prices rose on Friday as an increase in U.S. jobs eased some financial market concerns that a slowing global economy could dent oil demand, but crude remained down more than 5% for the week, on track for a second consecutive weekly decline.
U.S. lawmakers have requested information from Apple critic Spotify as part of an antitrust probe, according to two sources briefed on the investigation into allegations the iPhone maker engages in anti-competitive behavior to support its own apps.
White House economic adviser Larry Kudlow held out hope on Friday for progress in opening China's financial services markets to American companies in trade talks next week, adding the U.S. team was heading into them "open-minded."
U.S. stocks rose on Friday as moderate jobs growth in September offered some relief from a spate of dismal economic data this week that has rankled markets and fueled concerns that the United States was sliding into a recession.
The U.S. Supreme Court on Friday agreed to hear an appeal by Dominion Energy Inc and President Donald Trump's administration of a lower court ruling that halted construction on a $7.5 billion natural gas pipeline due to run underneath a section of the popular Appalachian Trail in rural Virginia.
U.S. airlines are scrambling to digest a new 10% tariff on European-made Airbus planes that threaten additional havoc in an aircraft supply market already reeling from frozen deliveries of Boeing Co's 737 MAX.
U.S. stocks opened higher on Friday after data showed a moderate increase in job growth in September, with the unemployment rate dropping to a 50-year low, easing worries of a sharp slowdown in the world's largest economy.
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Oil futures were higher ahead of the weekend but remained on track for large weekly losses on fears that slower global economic growth will hurt fuel demand, even as Saudi Arabia said it has fully restored oil output after recent attacks.
Oil prices rose on Friday but remained on track for a second consecutive weekly loss after sliding on fears that slower global economic growth would hurt energy demand.
Washington's latest accusation that China is dumping wooden cabinets and vanities on U.S. shores sums up the mood between the two warring sides as they head into another round of high-level discussions.