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.
Australian industrial conglomerate Seven Group Holdings Ltd. is exploring an acquisition of Cleanaway Waste Management Ltd., one of the country’s biggest waste disposal firms, people familiar with the matter said.
Stocks in Asia were set to open higher after a US rally in tech heavyweights, whose high-stakes earnings are being seen by Wall Street investors as a major test of the bull run in equities.
China’s private oil refiners could seek to buy more cargoes whose origin has been obscured as they prepare for fresh US sanctions on Iranian exports, ensuring crude continues to flow to the world’s top importer.
Fortescue Ltd., the world’s fourth-biggest iron ore miner, said shipments of the steelmaking material in 2024’s first three months fell 6% from the year before, reflecting the impact of an ore car derailment at the end of last year along with weather disruptions.
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