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European stocks falter after Asian markets decline

European stocks falter after Asian markets decline By AFP - Jul 05,2021 - Last updated at Jul 05,2021 London stocks go up as oil prices rise ahead of an output decision by the Organisation of the Petroleum Exporting Countries (AFP photo) LONDON European stock markets faltered on Monday after a mainly downbeat Asian session, but London rose on takeover news and rising oil prices before an output decision by the Organisation of the Petroleum Exporting Countries (OPEC). In early afternoon eurozone deals, Frankfurt stocks dipped and Paris flatlined, as investors eyed poor Chinese data. With US markets shut for the Independence Day holiday, no momentum was expected from the other side of the Atlantic.

Oil prices hammered after OPEC+ talks fail

Oil prices hammered after OPEC+ talks fail By AFP - Jul 07,2021 - Last updated at Jul 07,2021 This file photo taken on November 29, 2016, shows the logo of The Organisation of the Petroleum Exporting Countries at the organisation headquarters on the eve of the 171th meeting in Vienna (AFP photo) LONDON US oil prices briefly spiked on Tuesday to near a seven-year peak after OPEC+ crude producers failed to agree on lifting output, fuelling concern about inflation. But the prices then fell sharply as traders mulled the longer-term implications. Stocks in Europe and the US fell meanwhile, as several factors appear to have lessened investor appetite for risk, an analyst said.

US oil benchmark hits 2014 peak after OPEC+ talks fail

US oil benchmark hits 2014 peak after OPEC+ talks fail July 7, 2021 London: The US benchmark oil price WTI briefly spiked to near a seven-year peak on Tuesday after OPEC+ crude producers failed to agree on lifting output, sparking fresh inflationary fears. West Texas Intermediate (WTI) crude for August delivery leapt to $76.98 per barrel, a level last seen in November 2014, before falling back to below $75 as trading continued. The price of Europe´s Brent North Sea oil advanced to a November 2018 peak at $77.84. The OPEC+ group on Monday cancelled a planned meeting that was supposed to overcome an impasse between the United Arab Emirates and other members on how to lift output. No new date has been set.

Oil prices hammered after OPEC+ talks fail - Expat Guide to the United Kingdom

Oil prices hammered after OPEC+ talks fail - Expat Guide to the United Kingdom
expatica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expatica.com Daily Mail and Mail on Sunday newspapers.

US oil benchmark hits 2014 peak after OPEC+ talks fail - Expat Guide to the United Kingdom

US oil benchmark hits 2014 peak after OPEC+ talks fail - Expat Guide to the United Kingdom
expatica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expatica.com Daily Mail and Mail on Sunday newspapers.

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