Brent crude

IEA Chief Says Oil Price Bottoming Depends on Global Growth

By Osamu Tsukimori KITAKYUSHU, Japan, May 1  – International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern. Oil prices hit 2016 highs on Friday with Brent crude reaching $48.50 a barrel on optimism that

[ Read More ]

Asia Stocks Slip But Japan Bucks Trend on Oil Bounce; Dollar Wobbles

By Shinichi Saoshiro TOKYO, Dec 28 – Asian stocks dipped on Monday amid a lack of immediate directional cues in light year-end trade, although Japanese shares managed to rise following a rebound in crude oil prices from multiple-year lows. Investors across asset markets were without some of the usual leads as most global markets were

[ Read More ]