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Oil rises as market weighs OPEC+ supply balance

Oil rises as market weighs OPEC+ supply balance

Investors eye next OPEC+ output meeting on Dec. 4 EU fails to agree on Russian oil price cap, say diplomats TOKYO/SINGAPORE, Nov 29 (Reuters) – Oil rebounded on Tuesday after falling to more than 11-month lows in the previous session, as investors weighed a potential output adjustment from the major oil producers, who are set …

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Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments

Chevron awaits Venezuelan oil cargoes, but PDVSA wants payments

HOUSTON, Nov 28 (Reuters) – Chevron Corp (CVX.N) aims to start receiving cargoes of Venezuelan oil as early as December after the oil company last week received a US license to do so, but Caracas may not be as eager because US sanctions restrict payments, people familiar with the matter said. The United States on …

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Asia shares take comfort in China property rally

Asia shares take comfort in China property rally

https://tmsnrt.rs/2zpUAr4 China property shares rally on policy support Dollar steadies after bounce, euro off 5-mth high US crude jittery after hitting 2021 low SYDNEY, Nov 29 (Reuters) – Asian shares edged higher on Tuesday as Beijing’s latest move to support developers boosted the property sector, though it was still not clear what new damage public …

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EU fails to agree on Russian oil price cap, say diplomats

EU fails to agree on Russian oil price cap, say diplomats

BRUSSELS, Nov 28 (Reuters) – European Union governments failed to agree on Monday on a price cap on Russian seaborne crude oil, as Poland insisted that the cap had to be set lower than proposed by the G7 to cut Moscow’s ability to finance its invasion of Ukraine, diplomats said. “There is no deal. The …

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Investors hope Beijing will lift COVID curbs faster as protests douse markets

Investors hope Beijing will lift COVID curbs faster as protests douse markets

Dozens of campuses, protesters make show of civil disobedience No sign of new protests in Beijing, Shanghai on Monday China bonds, stocks have suffered hefty outflows in 2023 LONDON, Nov 28 (Reuters) – Rare protests rippling across China over Beijing’s zero-COVID-19 policy may have unleashed a fresh wave of political uncertainty but could also hasten …

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Dollar rises, yuan slumps as China’s COVID unrest spooks markets

Dollar rises, yuan slumps as China's COVID unrest spooks markets

SINGAPORE, Nov 28 (Reuters) – The dollar climbed on Monday as protests in China against the government’s anti-COVID policies made investors turn away from riskier assets, and consigned the Chinese yuan to a more than two-week low against the safe-haven greenback. The protests have flared across China and spread to several cities in the wake …

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Morning Bid: Red alert | Reuters

Morning Bid: Red alert |  Reuters

A look at the day ahead in European and global markets from Anshuman Daga Hopes of a quiet close to the final weeks of 2022 are being firmly squashed as rare, widespread protests across China following strict coronavirus curbs fuel risk-off sentiment and batter stocks, while pushing up the safe-haven dollar. To make matters worse, …

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Dollar edges higher in range-bound holiday markets

Dollar edges higher in range-bound holiday markets

NEW YORK, Nov 25 (Reuters) – The dollar crept higher across the board on Friday in a quiet session following the US Thanksgiving holiday, but remained near multi-month lows as the prospect of the Federal Reserve moderating the pace of its policy tightening weighed on the US currency. “Today has all the indicators of another …

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Oil prices stable, but Chinese demand worries linger

Oil prices stable, but Chinese demand worries linger

LONDON, Nov 25 (Reuters) – Oil prices were stable on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures were up 22 cents, or 0.3%, to trade at $85.56 a barrel at 1447 GMT, having retraced some …

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Atlanta exit highlights Milan’s battle to retain market heavyweights

Atlanta exit highlights Milan's battle to retain market heavyweights

Atlantica to be delisted after purchase Many Italian companies steer clear of stock market Authorities seeking to boost standing of Borsa Italiana MILAN, Nov 25 (Reuters) – The buyout of Atlantia (ATL.MI) will cut another 19 billion euros ($19.5 billion) from the value of the Milan stock exchange and bring to 12 the number of …

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