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UK News
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FTSE 100 snaps 3-day winning streak as high yields weigh
Published at 04/03/2021 at 17:10 -
European shares end lower as miners and tech are pressured by firmer yields
Published at 04/03/2021 at 17:04 -
Rising U.S. yields knock European stocks, miners slump
Published at 04/03/2021 at 08:30 -
FTSE 100 falls as high yields, inflation worries return to fore
Published at 04/03/2021 at 08:28 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 07:43 -
UK Stocks-Factors to watch on March 4
Published at 04/03/2021 at 05:39 -
European stocks muted as rise in yields, inflation bets curb initial gains
Published at 03/03/2021 at 17:15 -
Banks, homebuilders shine as British shares rally on budget boost
Published at 03/03/2021 at 17:06 -
European stocks rally, FTSE jumps 1% ahead of budget
Published at 03/03/2021 at 08:21 -
Commodity, bank stocks lift UK shares higher ahead of budget
Published at 03/03/2021 at 08:20
Forex News
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FOREX-Dollar hits three-month highs as Fed's Powell sticks to script
Published at 04/03/2021 at 20:26 -
FOREX-Dollar pares gains before Fed's Powell speaks
Published at 04/03/2021 at 15:11 -
FOREX-Dollar holds before Powell speaks, Swiss franc falls to five-month low
Published at 04/03/2021 at 12:33 -
FOREX-Dollar holds gains ahead of Powell, Swiss franc falls to 5-month low
Published at 04/03/2021 at 08:53 -
FOREX-Dollar holds nerve before Powell, Aussie and kiwi rise again
Published at 04/03/2021 at 05:54 -
FOREX-Dollar bides time, looks to Powell for inspiration
Published at 04/03/2021 at 02:38 -
FOREX-Dollar on the front foot as focus shifts to Powell
Published at 04/03/2021 at 00:46 -
FOREX-Dollar gains with yields, U.S. growth seen likely to outperform
Published at 03/03/2021 at 20:41 -
FOREX-Dollar gains as U.S. growth seen likely to outperform
Published at 03/03/2021 at 15:08 -
FOREX-Dollar slips as bond yields drop and investor sentiment strengthens
Published at 03/03/2021 at 11:15
Market News
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Oil scales 1-year peak as OPEC+ rolls over output for April
Published at 04/03/2021 at 20:15 -
PRECIOUS-Gold crumbles under rising yields, dollar; hits 9-month low
Published at 04/03/2021 at 19:46 -
PRECIOUS-Gold rises as easing bond yields offset firm dollar
Published at 04/03/2021 at 12:42 -
PRECIOUS-Gold prices off 9-month low, but pressured by rising bond yields
Published at 04/03/2021 at 07:48 -
REFILE-Oil prices firm on prospect of OPEC+ maintaining supply cuts, drop in U.S. inventories
Published at 04/03/2021 at 03:40 -
PRECIOUS-Gold recovers from 9-month low, but higher yields weigh
Published at 04/03/2021 at 01:23 -
Oil gains as U.S. fuel stocks drop, OPEC+ considers deal rollover
Published at 03/03/2021 at 20:03 -
PRECIOUS-Gold slides to 9-month low as rising bond yields, dollar dim appeal
Published at 03/03/2021 at 18:59 -
PRECIOUS-Gold slips as U.S. bond yields and equities dull its appeal
Published at 03/03/2021 at 13:04 -
PRECIOUS-Gold prices under pressure on firm U.S. Treasury yields
Published at 03/03/2021 at 07:58
REFILE-UPDATE 6-Oil falls as China COVID-19 cases trigger clampdowns
Published at
22/01/2021 at 16:43
(Refiles to fix typo in headline)
* Shanghai reports first locally transmitted cases in 2 months
* Focus on EIA inventory data due Friday
* Vaccine-fueled recovery likely several months away
By Noah Browning
LONDON, Jan 22 (Reuters) - Oil prices fell on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel demand in the world's biggest oil importer.
Brent crude futures fell 73 cents, or 1.3%, to $55.37 a barrel by 1501 GMT, after a 2 cent gain on Thursday.
U.S. West Texas Intermediate (WTI) crude futures dropped $82 cents, or 1.5%, to $52.31, a day after slipping 18 cents.
Recovering fuel demand in China underpinned market gains late last year while the United States and Europe lagged, but that source of support is fading as a fresh wave of COVID-19 cases has sparked new restrictions.
"The pandemic seems to continue to expand into a second wave in China, with infections rising by the day and reaching again different regions such as Shanghai," said Rystad Energy oil markets analyst Louise Dickson.
"A rise in Chinese infection numbers is of particular concern .. because China is among the world’s largest oil consumers and the market that helped oil prices recover the most", she added.
The market is awaiting official oil inventory data from the U.S. Energy Information Administration (EIA) on Friday, after industry data on Wednesday showed a surprise 2.6 million barrel increase in U.S. crude inventories last week compared with analysts' forecasts for a 1.2 million barrel draw.
The report will be published at 11:00 a.m. EST (1600 GMT).
"Global oil demand could decline marginally in the first quarter of 2021 as many regions, including many European countries, have re-introduced mobility restrictions," analysts at Fitch Ratings said in a note.
"The positive effects of vaccination programmes on the oil demand recovery may not be visible for several months until a critical mass of population is inoculated."
(Reporting by Noah Browning in London, Sonali Paul in Melbourne, and Koustav Samanta in Singapore; Editing by Jason Neely, Jan Harvey and Louise Heavens)
((Noah.browning@thomsonreuters.com))