SINGAPORE (Reuters) - Oil prices rose on Friday as markets tightened amid output cuts by producer club OPEC, but surging U.S. supply and a global economic slowdown prevented crude from climbing further.
TOKYO (Reuters) - The dollar held above a three-week low on Thursday as investors remained cautious amid uncertainty over the progress in U.S.-China trade talks, while sterling rallied on bets that the chance of a no-deal Brexit was shrinking.
SINGAPORE (Reuters) - Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC.
TOKYO (Reuters) - Asian stocks struggled for traction on Thursday after cautious comments from U.S. Trade Representative Robert Lighthizer deflated some optimism that China and the United States were closing in on a trade deal.
BEIJING (Reuters) - Factory activity in China contracted for the third straight month in February as export orders fell to the lowest level since the global crisis, highlighting deepening cracks in an economy facing weak demand at home and abroad.
The first official gauge of China’s manufacturing sector in February showed activity contracting further, with a series of domestic holidays, the global slowdown and uncertainty from the trade war all likely playing a part.
