November 28th @ 5:50 PM GMT
Yahoo! Mixed signals from OPEC ministers caused fresh volatility on oil markets Monday ahead of a meeting in Vienna meant to nail down a deal reducing the cartel's output by up to a million barrels per day. Saudi Arabia's energy minister appeared to suggest on Sunday that Riyadh could live with OPEC failing to agree its first cut in output in eight years, saying recovering demand would ''stabilise'' prices next year anyway. ''We don't have a single path which is to cut production at the O... (Politics)
November 28th @ 10:17 AM GMT
Yahoo! The dollar saw its biggest drop in almost a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing ''Trumpflation'' trades that have gripped markets since the U.S. election. Crude prices and Europe's main stock markets were down over 1 percent in early European trading as Italian shares also took a fresh tumble ahead of its referendum on constitutional change this Sunday. With oil so vital for global costs it was rapidly coolin... (Business)
November 28th @ 3:09 AM GMT
Yahoo! Oil prices tumbled on Monday on fears that producer countries may fail to agree an output cut, pressuring U.S. stocks and the dollar as traders reversed their ''Trumpflation'' trade as weak oil prices would reduce pressure on U.S. interest rates to rise. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent, led by gains in Hong Kong and Taiwan . In contrast, U.S. stock futures slipped 0.3 percent after their stellar performance this month on hopes U.S. President-... (Business)
November 25th @ 8:49 PM GMT
Yahoo! U.S. crude fell nearly 4 percent on Friday, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal, after Saudi Arabia said it will not attend talks on Monday with non-OPEC producers to discuss supply cuts. U.S. crude futures settled down $1.90 a barrel at $46.06, a 3.96 percent decline. Prices continued to decline in post-settlement trading, dropping as low as $45.88 a barrel. (Top Stories)
November 28th @ 2:24 PM GMT
Yahoo! James Bareham Apples 2017 iPhone lineup might include a model with a curved screen similar to Samsungs Edge devices, according to a new Wall Street Journal report. Apples suppliers told the paper that they were asked to increase output of thinner organic light emitting displays and submit prototype screens with better resolution than ones from Samsung.But with that in mind, the company is also reportedly considering more than 10 prototypes, so a curved display might not make it to market. (Technology)
November 25th @ 4:18 PM GMT
Yahoo! Oil prices fell more than 2 percent on Friday, dragged down by uncertainty over whether the Organization of the Petroleum Exporting Countries will reach an output deal, after Saudi Arabia said it will not attend talks on Monday with non-OPEC producers to discuss supply cuts. Brent crude futures were trading at $47.79 a barrel at 10:51 a.m. ET, down $1.21. Top OPEC oil exporter Saudi Arabia has told the producer group it will not attend talks on Monday with non-OPEC producers to discuss limi... (Business)
November 25th @ 3:03 PM GMT
Yahoo! South Africa will likely experience increased rainfall during the summer season running from December to April as a La Nina weather pattern in the region intensifies, the weather service said on Friday, forecasting ''above-normal rainfall conditions.'' Concerns over water supply in Africa's most industrialised country have risen after an El Nino weather pattern brought drought conditions to much of southern Africa, hurting agriculture output.nL8N1CJ35B (Reporting by Mfuneko Toyana; Edi... (Top Stories)
November 28th @ 2:19 PM GMT
Yahoo! Doubts grew Monday that OPEC members can overcome their rivalries in the name of higher oil prices in Vienna this week and nail down the cartel's first output cut in eight years. Failure to get an accord on Wednesday could send oil prices tumbling and deal a further blow to the credibility of the 56-year-old Organization of the Petroleum Exporting Countries. Not getting a deal ''could be the end of OPEC'', energy analyst Alexandre Andlauer told AFP. (Politics)
November 28th @ 6:16 PM GMT
Reuters OPEC experts meeting to discuss details of a preliminary deal to limit oil output have not resolved disagreements over the production levels of Iran and Iraq, an OPEC source said on Monday. (Top Stories)
November 28th @ 2:40 PM GMT
Reuters Oil prices gained more than two percent on Monday in volatile trading after falling as much as two percent, recouping losses as the market reacted to the shaky prospect of major producers being able to agree output cuts at a meeting on Wednesday. (Business)
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