Oil is set for the lowest quarterly average since the first three months of 2009 as U.S. industry data showed inventories expanded in the world’s biggest consumer and OPEC’s second-largest producer... more
An overnight rate to borrow yuan in Hong Kong jumped by a record to an all-time high as the currency’s offshore exchange rate climbed to the strongest level since an Aug. 11 devaluation. The Hong... more
Malaysia’s ringgit fell the most in two weeks as Asian shares tracked Friday’s U.S. losses after the Federal Reserve’s decision to keep interest rates unchanged reignited concern that global growth... more
U.S. oil prices narrowed their discount to international benchmark Brent as a supply glut in North America abated even as it grew elsewhere. West Texas Intermediate futures for November delivery... more
Crude traded near $45 a barrel as Saudi Arabia’s oil stockpiles climbed to a record, adding to signs that a global oversupply may persist. Futures rose as much 0.9 percent in New York after declining... more
Oil held near $47 a barrel after the Federal Reserve left interest rates unchanged. Futures were little changed in New York after declining 0.5 percent on Thursday. The Federal Reserve decided... more
Oil dropped from its highest closing price this month amid speculation that an unexpected decline in U.S. crude stockpiles doesn’t do enough to ease a global glut. Futures dropped 1.6 percent in New... more
The ringgit closed higher against the US dollar for the fourth trading days as the weaker US inflation data benefited most of the Asian currencies, dealers said. At 5 pm, the ringgit was quoted at 4.... more
Oil held below $45 a barrel before U.S. government data forecast to show crude stockpiles expanded for a third week in the world’s biggest oil consumer. Futures rose as much as 1.1 percent in New... more
Oil traded near $45 a barrel in New York as a further pullback in U.S. drilling failed to temper expectations that the global oversupply will persist for most of next year. West Texas Intermediate... more