Global Markets: Asia shares struggle to rally, oil skids further
Friday, 7 December 2018 () Asian shares fought to sustain the slimmest of recoveries on Friday amid speculation the Federal Reserve might be "one-and-done" with U.S. rate hikes, while oil fell anew as producers bickered over the details of an output cut.
The Organization of Petroleum Exporting Countries (OPEC) met earlier this week to discuss the global oil output. TheStreet's Martin Baccardax broke down the OPEC agreement. Members of OPEC and non-members agreed to cut oil production by 1.2 million barrels a day, for six months starting in January....
According to Reuters, Oil prices plunged on Friday on concerns about oversupply, sending world stock markets lower as lagging energy shares weighed down Wall Street.
Both Brent and U.S. crude fell to..
Reuters reports that world stock markets fell on Monday. This as worries about softening demand for the iPhone dragged down shares of Apple Inc. Persistent trade tensions between China and the United..
By Jessica Resnick-Ault NEW YORK (Reuters) - Oil fell nearly 3 percent on Monday, echoing the weakness in global stock markets as the focus returned to concerns... WorldNews - Front PageAlso reported by •Firstpost •Reuters India