Tag Archives: prices

Alcoa’s profit beat fueled by rising alumina prices, shares rise

(Reuters) – Top U.S. aluminum producer Alcoa Corp (AA.N) reported a better-than-expected quarterly profit on Wednesday, as a series of supply hits boosted alumina prices. An Alcoa aluminum plant in Alcoa, Tennessee, U.S. is seen in this April 8, 2014 file photo REUTERS/Wade Payne/File Photo Shares of the company rose almost 5 percent to $38.49 in after-hours trading, also helped ...

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Where are house prices rising the fastest?

Image copyright Getty Images Image caption Parts of Nottingham are popular among house-hunters House prices are rising the fastest in the East Midlands, increasing by 6.5% in the year to August, according to official statistics. Wales also showed a significant rise – up by 6.2% over the same period, according to the Office for National Statistics (ONS). However, a “sustained ...

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U.S. oil service firms face tough quarter despite high crude prices

HOUSTON (Reuters) – Even as crude prices hover near four-year highs, U.S. oilfield service firms’ third-quarter results due out in coming days will reflect a shaky recovery, as their customers face drilling constraints and pressure to hold down spending. FILE PHOTO: A drilling crew member raises drill pipe onto the drilling rig floor on an oil rig in the Permian ...

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Iran says Trump cannot bring oil prices down by ‘bullying’

LONDON (Reuters) – U.S. President Donald Trump cannot bring oil prices down by “bullying” other nations, Iran’s oil minister said on Tuesday, adding that the market was suffering from short supply. FILE PHOTO: Iran’s Oil Minister Bijan Zanganeh arrives for an OPEC meeting in Vienna, Austria, June 22, 2018. REUTERS/Heinz-Peter Bader U.S. sanctions on Iranian oil exports are due to ...

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Asian shares resume decline, Saudi tensions lift oil prices

TOKYO (Reuters) – Asian shares slipped on Monday as worries over Sino-U.S. trade disputes, a possible slowdown in the Chinese economy and higher U.S. borrowing costs tempered optimism despite a rebound in global equities late last week. People walk past an electronic board showing Japan’s Nikkei average (top R) and Japanese yen’s exchange rate against the U.S. dollar outside a ...

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Oil prices rise, but still set for weekly fall amid equities rout

TOKYO (Reuters) – Oil prices rose on Friday slightly reversing two days of declines in the previous sessions driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a weekly fall. FILE PHOTO: An oil and gas drilling platform stands offshore in the Gulf of Mexico in Dauphin Island, ...

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Oil prices hold ground, but set for 4 percent weekly fall

TOKYO (Reuters) – Oil prices steadied on Friday after a market rout driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a fall or more than 4 percent for the week. FILE PHOTO: An oil and gas drilling platform stands offshore in the Gulf of Mexico in Dauphin ...

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Wall Street falls at open as oil prices, yields weigh

(Reuters) – U.S. stocks fell at open on Monday, as a drop in crude prices hurt energy companies and on muted appetite for equities after last week’s spike in Treasury yields following healthy economic data. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., October 3, 2018. REUTERS/Brendan McDermid The Dow Jones Industrial ...

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