By Laura Sanicola (Reuters) - Oil prices slipped in early Asian trade on Thursday as weak manufacturing data in major economies outweighed optimism ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - Oil prices slipped in early Asian trade on Thursday as weak manufacturing data in major economies outweighed optimism around a larger-than-expected drop in U.S. crude stocks.
Brent crude fell 27 cents, or 0.3%, to $82.94 a barrel by 0002 GMT, while U.S. West Texas Intermediate crude dropped 31 cents, or 0.4%, to $78.58. a barrel. Japan reported shrinking factory activity for a third straight month in August. Euro zone business activity also declined more than expected, particularly in Germany. Britain's economy looked set to shrink in the current quarter, in danger of falling into recession.
Meanwhile, Federal Reserve officials and policymakers from the European Central Bank, the Bank of England and the Bank of Japan head to Jackson Hole where higher-for-longer interest rate talk may dominate despite a dip in inflationary pressures.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Oil up on expected U.S. oil stock drawdown, but China gloom tempers gainOil prices were up in early trade on Tuesday ahead of data later expected to show a draw in U.S. crude oil and gasoline inventories, though persistent concerns over a slowdown in China's economy limited the upside. Brent crude was up 10 cents at $84.56 a barrel and U.S. West Texas Intermediate crude was trading 9 cents higher at $80.81 a barrel at 0101 GMT. U.S. crude oil and gasoline inventories were expected to have fallen last week, a preliminary Reuters poll showed, as the American Petroleum Institute industry group is due to release data later on Tuesday.
Lire la suite »
Oil up on expected U.S. oil stock drawdown, but China gloom tempers gainBy Katya Golubkova TOKYO (Reuters) - Oil prices were up in early trade on Tuesday ahead of data later expected to show a draw in U.S. crude oil and ...
Lire la suite »
Oil dips on possible easing of tight supply, China woes hurt demand outlookBy Muyu Xu SINGAPORE (Reuters) -Oil edged lower on Tuesday as the market waited to see if Iraqi oil exports resume, which could ease the supply tightness ...
Lire la suite »
Iraqi, Turkish ministers discuss joint relations in oil and energy sectorBAGHDAD (Reuters) - Iraq's oil minister and his Turkish counterpart discussed joint relations in the oil and energy sector at a meeting in Ankara, a ...
Lire la suite »
S.African Reserve Bank to kick off easing cycle early next year -economists: Reuters pollBy Vuyani Ndaba JOHANNESBURG (Reuters) - The South African Reserve Bank is likely to leave its repo rate unchanged this year before kicking off a ...
Lire la suite »
Toronto equity forecasts reduced as downside risks lurk: Reuters pollBy Fergal Smith TORONTO (Reuters) - Canada's commodity-linked main stock index is expected to rise less than previously expected over coming months and ...
Lire la suite »