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Oil futures rose to a one-week high Friday, as broader markets rallied on positive U.S. economic data.Light, sweet crude for June delivery settled 86 cents, or 0.9%, higher at $96.02 a barrel on the New York Mercantile Exchange. Brent crude on the ICE futures exchange settled 86 cents, or 0.8%, higher at $104.66 a barrel.Futures rose on the back of the stock market's rally, which was boosted by better-than-expected U.S. consumer data. The Standard & Poor's 500 Index was recently up 0.9% at 1,664.66."There's definitely a bit of macro optimism," said Julius Walker, global energy markets strategist at UBS in New York. "There's a lot of uncertainty on the economic outlook in the U.S. and in general...in the absence of that certainty oil prices get buffeted around every time one of these headlines come out."A preliminary reading of the Thomson-Reuters/University of Michigan consumer-sentiment index for May rose more than expected Friday. Meanwhile, the Conference Board's Leading Economic In...
National Australia Bank Ltd. (NAB.AU) the nation's fourth-largest bank by market value, said first-half profit jumped 23% as earnings from personal and wholesale ban...
National Australia Bank Ltd. (NAB.AU) said first-half profit jumped 23% as earnings from personal and wholesale banking improved, but warned of rough seas ahead for ...
National Australia Bank Ltd. (NAB.AU) said first-half profit jumped 23% as earnings from personal and wholesale banking improved, but warned of rough seas ahead for ...
China's trade data on Wednesday is expected to underline concerns about the pace of a U.S. recovery and recession in Europe and that economic growth in the world's s...
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index slipped 1% in the week ended Saturday from the week before on a season...
The International Council of Shopping Centers and Goldman Sachs Retail Chain Store Sales Index slipped 1% in the week ended Saturday from the week before on a season...
After a sharp fall in sales in China, there are indications that the worst may be over for Japanese auto makers as the impact of a territorial dispute between the co...
Westpac Banking Corp. (WNC.AU) announced a special dividend to shareholders, saying cost reductions and its strategy of targeting high-growth banking services booste...
The three big U.S. automakers posted better-than-expected April sales as consumers snapped up pickup trucks and compact sport-utility vehicles, pushing the industry ...
Small U.S. businesses cut back on borrowing a fourth straight month in March, all but reversing a short-lived surge after the Federal Reserve launched its asset-buyi...
U.S. stocks overcame a morning slide to help the Standard & Poor's 500-stock index inch to a new record high, as Apple Inc. led a rally in technology stocks.The Dow ...
Snapshot:The euro holds onto gains against the dollar after Moody's downgraded Slovenia sovereign debt into junk territory. Expectations are still high that the ECB ...
Copper futures settled higher Friday on data pointing to economic improvement in Europe and the U.S. and as one of the world's largest copper mines remains shut afte...
Gold extended its declines Friday, breaking below the closing price after the metal's record-setting April selloff and putting futures on track for a fresh 26-month ...
Copper prices rose after European auto sales surprised the market with their first increase in 20 months, and as one of the world's largest copper mines remains shut...
New car registrations in the European Union rose by 1.7% in April from a year earlier, according to latest industry data released Friday, giving hope to Europe's bat...
The U.S. Treasury on Wednesday announced the first of a potential series of emergency cash measures to allow the government to keep paying the nation's bills once a ...
U.S. shipments of major home appliances from manufacturers grew 9.2% in April from a year earlier, as appliance demand continued to draw momentum from an improving h...
A number of top U.S. retailers reported disappointing April sales on Thursday as consumers gravitated toward discount chains and bad weather delayed spring shopping ...
