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New York (AFP) – World oil prices fell sharply Thursday as the market appeared to do a double-take on the US oil inventories report showing US crude stockpiles hit a fresh record. The US benchmark, West Texas Intermediate for April, dived $ 2.82 to close at $ 48.17 a barrel on the New York Mercantile Read More

CHICAGO: US soybean futures fell on Wednesday, weighed by weak cash markets as well as a profit-taking setback after rallying to its highest in more than six weeks on Tuesday. Traders also said that hopes of a settlement to the truckers’ strike in Brazil pressured the Read More

* Initial claims climb in latest week * CPI posts biggest drop since 2008 * Durable goods orders top expectations * Salesforce.com climbs after results, outlook * Futures: Dow off 12 pts, S&P 0.25 pt, Nasdaq up 6 pts (Adds quote, data) By Chuck Mikolajczak NEW YORK, Feb 26 (Reuters) – U.S. stocks were poised Read More

* HP drops in premarket after results, outlook * Day two of Yellen testimony on deck * New home sales data expected at 10 a.m. * Futures off: Dow 2 pts, S&P 2.5 pts, Nasdaq 8.75 pts (Adds quote, Target earnings, updates prices) By Chuck Mikolajczak NEW YORK, Feb 25 (Reuters) – U.S. stocks index Read More

World oil prices rose Wednesday, but gains were limited before a key report expected to show further build-up in US crude inventories, dealers said. US benchmark West Texas Intermediate (WTI) for April delivery rose 10 cents to $ 49.38 a barrel. Brent North Sea crude for April climbed 25 cents to stand at $ 58.91 Read More

* HP drops in premarket after results, outlook * Day two of Yellen testimony on deck * New home sales data expected at 10 a.m. * Futures off: Dow 8 pts, S&P 3.25 pts, Nasdaq 8.25 pts By Chuck Mikolajczak NEW YORK, Feb 25 (Reuters) – U.S. stock indexes were little changed on Wednesday, after Read More

LONDON (ShareCast) – US stock futures pointed to a broadly flat open on Wall Street as market participants prepare for the second day of Federal Reserve Chair Janet Yellen’s testimony to US lawmakers in Capitol Hill. Both the front month futures contracts for the Dow Jones Industrial Average and S&P500 were indicating a steady start Read More

SINGAPORE: US wheat lost more ground on Wednesday, falling for four out of six sessions and to its lowest in three weeks as expectations of bumper global production weighed on the market. Soybean prices slid from Tuesday’s six-week top on hopes that Brazilian authorities would soon Read More

The Australian bond market is firmer after comments from the US central bank show it is in no hurry to raise its interest rate. US Federal Reserve chair Janet Yellen told a Congressional committee that the US labour market still showed some weakness and inflation continued to fall, making any interest rate hike unlikely before Read More

New York (AFP) – Oil prices slipped Tuesday as traders estimated a key report will show another increase in US crude inventories that already are at record levels, exacerbating the global oversupply. US benchmark West Texas Intermediate for April delivery fell 17 cents, closing at $ 49.28 a barrel. In London, Brent North Sea crude Read More