Oil jumps as the hurricane hits U.S. output while crude stocks decline

Oil prices rose for a second day on Wednesday, gaining more than 2%, as a hurricane closed U.S. offshore oil and gas production and an industry report showed U.S. crude inventories decreased. Brent crude LCOc1 rose 85 cents, or 2.1%, to $41.38 a...

Asian stocks head higher on China data, markets eye Fed meeting

Asian equities extended gains on Tuesday and the dollar slipped, with investor sentiment supported by Chinese data and optimism about COVID-19 vaccines. Chinese blue chips added 0.4% .CSI300, buoyed by data showing China’s industrial output...

Indian Oil targets textiles in the hunt for margins

Indian Oil Corp IOC.NS will expand its petrochemicals capacity and integrate it with its textile business to help offset the impact of low refining margins, the chairman of India’s largest refiner said on Monday. “We see petrochemical...

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