Commodities

Trump developments weigh on global stocks once again

Asian stock benchmarks skidded lower Thursday following Wall Street's worst day in months as Washington's political chaos made investors more nervous about risky assets and the outlook for President Donald Trump's business-friendly proposals.

Business Highlights

___ Huge cyberattack ebbs as investigators work to find culprits The cyberattack that took computer files hostage around the world seems to have slowed.

Trump-Comey Turmoil Socks Wall Street, Stocks See Worst Day in Eight Months

Investors shook off their weeks-long calm façade Wednesday, sending U.S. stocks sharply lower on the back of a New York Times report that claims President Donald Trump asked former FBI Director James Comey to drop a probe into former national security adviser Michael Flynn. The White House has denied the report.

Asian stocks mixed after Wall Street rise

A spurt in oil prices on Monday helped revive energy stocks, which have been among the year's worst performers, and U.S. stock indexes flirted again with record highs.

Oil Rises 2 Percent After Saudi and Russia Back Longer Supply Cut

Oil jumped 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than first agreed.

Oil Rises 2 Percent After Saudi and Russia Back Longer Supply Cut

Oil jumped 2 percent to its highest in more than three weeks on Monday, topping $52 a barrel after Saudi Arabia and Russia said that supply cuts need to last into 2018, a step towards extending an OPEC-led deal to support prices for longer than first agreed.