Page 946 - Reuters

Oil drops below $100 on reserves release and China lockdowns

IEA members to release 60 mn barrels over 6 months; US producers added 13 oil rigs in week to April 8

Shanghai eases lockdown in some areas despite record Covid infections

Move to categorise residential areas promises some relief as complaints continue about tough curbs, enforced quarantine; Sunday's asymptomatic infections at record daily high of 25,173

Palladium jumps 5% on supply fears, inflation risks lift gold

U.S. consumer price index data for March is due on Tuesday, with traders expecting further rises due to the impact of the war in Ukraine on energy costs

Oil slides on release of strategic reserves and China lockdowns

Bank of America maintained its forecast for Brent crude to average $102 a barrel for 2022-23, but it cut its summer spike price to $120

Euro gains respite from Macron's French election lead

Meanwhile, the dollar has been pushed higher by rising U.S. yields and expectations the Federal Reserve will act quickly to stem inflation

Gold dips as firmer Treasury yields, dollar counter Ukraine risks

Spot gold was down 0.2% at $1,942.85 per ounce by 0730 GMT, after hitting a more than one-week high of $1,949.32 earlier in the day. U.S. gold futures were up 0.1% at $1,947.40.

India's March fuel demand jumps 4.2%, hits 3-year high

India's fuel demand rose 4.2% to a three-year peak in March, compared with the year-ago period, data from the Petroleum Planning and Analysis Cell of the oil ministry showed on Monday.

Amul dairy says bracing for sales disruption due to straws ban

India last week refused to waive an impending ban on straws that are packaged with small juice and milk beverage packs

Oil slides on worries about lockdowns in China, release of reserves

Brent crude was down $2.32, or 2.3%, at $100.46 a barrel by 0427 GMT, while U.S. West Texas Intermediate crude lost $2.37, or 2.4%, to $95.89.

Food prices likely pushed India inflation to 16-mth high in March: Poll

The full effect of the spike in crude oil and global energy prices following Russia's invasion of Ukraine in late February is not expected to appear in consumer prices until April

Oil prices slipped in early Asian trading; Brent Crude falls to $102.40

Oil prices slipped in early Asian trading, following the second straight weekly decline after world consumers announced plans to release crude from strategic stocks and as Chinese lockdowns continued

Musk polls followers on converting Twitter HQ to homeless shelter

Amazon.com Inc founder Jeff Bezos backed the idea

Macron lead in French election lends a hand to the euro ahead of ECB

The euro briefly flickered as high as $1.0955 in thin early hours of the Asia session, before settling about 0.15% higher than Friday's close at $1.0890. It was also firmer on sterling and the yen.

Asian stock markets wary ahead of ECB meeting, US inflation data

The mood in equity markets was cautious, with MSCI's broadest index of Asia-Pacific shares outside Japan easing 0.1%. Japan's Nikkei dropped 0.6%, having shed 2.6% last week.

Musk proposes Twitter Blue subscription shake-up days after revealing stake

Twitter Blue, launched in June 2021, is Twitter's first subscription service

Biden will speak to Modi as US warns India on imports of Russian energy

Lured by steep discounts following Western sanctions on Russian entities, India has bought at least 13 million barrels of Russian crude oil since the country invaded Ukraine in late February

Dozens of Ukrainians found in grave near Kyiv as battle looms in east

Taras Didych, head of the Dmytrivka community that includes Buzova, told Ukrainian television that the bodies were found in a ditch near a petrol station.

Shehbaz Sharif, frontrunner as next Pak PM, seen as 'can-do' administrator

As chief minister of Punjab, Pakistan's most populous province, Sharif planned and executed a number of ambitious infrastructure mega-projects

India to US: What political upheaval in Pakistan means for the world

The nation of more than 220 million people lies between Afghanistan to the west, China to the northeast and India to the east, making it of vital strategic importance.

Benchmark Treasury yield hits 3-year high; dollar posts weekly gain

The dollar index advanced to 100 for the first time in nearly two years. It rose as high as 100.19, its highest since May 2020.