What is China's weak export data revealing about crude oil?
U.S. oil prices rose to a five week high Friday, as global crude futures markets rode their longest winning streak on record, fueled by hopes of near-term trade deal with China, a weaker U.S. dollar and the impact of OPEC supply cuts. U.S. oil prices rose to a five week high Friday, as global crude futures markets rode their longest winning streak on record, fueled by hopes of near-term trade deal with China, a weaker U.S. dollar and the impact of OPEC supply cuts.
Global oil prices rose to a fresh three-week high Monday as investors continued to reprice crude demand following stronger-than-expected U.S. jobs data and moves by China's central bank to stoke growth in the word's biggest energy market.
Until there is a clear outcome on the trade front, choose your investments wisely -- the market can very easily go back to retest lows.
Global oil prices jumped to a two-week high Friday as investors reacted to plans from the People's Bank of China to stimulate growth in the world's biggest energy market and a stronger-than-expected reading for U.S. job creation over the month of December.
The wildcard on today's employment data will be if the sudden slowing of growth in manufacturing employment is emblematic of a broader problem.
Apple's shock revenue warning triggered the biggest 'flash crash' in global currency markets in more than two years.
Apple's shock revenue warning sent ripples around world financial markets Wednesday as investors piled into safe haven assets such as the Japanese yen amid renewed concerns for the health of the global economy.
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