Oil Holds Gain With Stockpile Data and Iran Sanctions in Focus
Oil held a gain as an industry report showed shrinking US crude stockpiles, and traders tracked progress toward fresh sanctions against Iran.
Oil held a gain as an industry report showed shrinking US crude stockpiles, and traders tracked progress toward fresh sanctions against Iran.
Stocks in Asia advanced after a US rally in tech heavyweights, whose high-stakes earnings are considered by Wall Street investors a major test of the equities bull run.
Fortescue Ltd., the world’s fourth-biggest iron ore miner, said it expects full-year shipments of the steelmaking material to be at the lower end of its guidance after disruptions at its Western Australian mines.
New Zealand imports fell to the lowest since mid-2021 in the first quarter as a weak economy stems demand from consumers and businesses.
The yen has become stuck around a 34-year low against the dollar after months of declines, increasing concern the currency is becoming a liability for Japan’s economy and stocks.
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