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Crude oil futures rebounded in Asia Thursday, dismissing a sudden increase in US inventories, as China resumes trading following week-long holidays. Crude oil futures escalated by 3.1 million barrels to 461 million last week as refineries cut production and idled capacity. Although there was a minimal trading, both major oil benchmarks gained more than 1%. US crude added 30 cents Continue Reading
The euro slipped against its major rivals in early European trading on Wednesday, as Germany's industrial production declined unexpectedly in August and traders await the minutes of the European Central Bank's September meeting for further insight regarding the expansion of quantitative easing programme. Data from Destatis showed that industrial production declined 1.2 percent in August from the prior month, offsetting Continue Reading