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UK News
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European shares drop as high yields spark profit taking in tech, resources
Published at 26/02/2021 at 17:24 -
FTSE 100 marks weakest day in four months as bond rout deepens
Published at 26/02/2021 at 17:10 -
FTSE 100 falls as bond rout hits global equities
Published at 26/02/2021 at 08:18 -
European shares drop more than 1% as bond sell-off intensifies
Published at 26/02/2021 at 08:12 -
UK Stocks-Factors to watch on Feb 26
Published at 26/02/2021 at 07:54 -
European stock futures slide over 1% as surging bond yields roil equity markets
Published at 26/02/2021 at 06:13 -
UK Stocks-Factors to watch on Feb. 26
Published at 26/02/2021 at 05:48 -
FTSE 100 reverses course on high bond yields, Stanchart leads losses
Published at 25/02/2021 at 17:15 -
European shares dip as high yields, inflation concerns return to fore
Published at 25/02/2021 at 17:15 -
FTSE 100 climbs as recovery bets boost mining, energy stocks
Published at 25/02/2021 at 08:28
Forex News
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FOREX-Dollar gains on higher yields, risky currencies weaken
Published at 26/02/2021 at 20:29 -
FOREX-Dollar gains on higher yields, safe haven bid, risky currencies weaken
Published at 26/02/2021 at 15:23 -
FOREX-Bond selloff boosts dollar, risk currencies knocked lower
Published at 26/02/2021 at 12:29 -
FOREX-Dollar strengthens as U.S. yields spike, pound falls to one-week low
Published at 26/02/2021 at 09:52 -
CORRECTED-FOREX-Dollar firms after U.S. yield spike; yen continues march lower
Published at 26/02/2021 at 08:53 -
CORRECTED-FOREX-Dollar firms after U.S. yield spike, hits six-month high versus yen
Published at 26/02/2021 at 08:52 -
FOREX-Dollar firms on sudden spike in U.S. Treasury yields
Published at 25/02/2021 at 21:09 -
FOREX-Dollar firms on sudden spike in U.S. Treasury yields
Published at 25/02/2021 at 19:47 -
FOREX-Dollar dips, Aussie jumps on global growth optimism
Published at 25/02/2021 at 15:31 -
FOREX-Currency markets turn "risk on"; Aussie crosses $0.8 for first time in 3 years
Published at 25/02/2021 at 12:45
Market News
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Oil drops on dollar strength and OPEC+ supply expectations
Published at 26/02/2021 at 23:05 -
PRECIOUS-Gold slumps as rising U.S. yields, dollar dull lustre
Published at 26/02/2021 at 18:56 -
PRECIOUS-Gold set for second monthly dip as high U.S. yields erode appeal
Published at 26/02/2021 at 13:41 -
PRECIOUS-Gold hits 8-month trough as U.S. Treasury yields rally
Published at 26/02/2021 at 07:40 -
Oil prices fall on rising U.S. dollar, expectations for supply gains
Published at 26/02/2021 at 02:45 -
PRECIOUS-Gold eyes second straight weekly fall as U.S. yields gain
Published at 26/02/2021 at 01:25 -
Oil mixed, U.S. crude hits highest since 2019 as refineries restart
Published at 25/02/2021 at 20:28 -
PRECIOUS-Gold slides more than 2% as U.S. Treasury yields rise
Published at 25/02/2021 at 18:55 -
PRECIOUS-Gold falls 1% as elevated U.S. yields hit safe haven appeal
Published at 25/02/2021 at 13:18 -
PRECIOUS-Gold slips as higher U.S. Treasury yields dim appeal
Published at 25/02/2021 at 08:12
Oil prices rise further on slow U.S. output restart
Published at
23/02/2021 at 01:24
* Brent could rise to $70/bbl by Q3 - banks
* U.S. crude, refined products stocks likely fell last week-poll
* Coming up: API inventory data at 2130 GMT
By Jessica Jaganathan
SINGAPORE, Feb 23 (Reuters) - Oil prices rose again on Tuesday after a jump in the previous session, holding near a more than 13-month high as U.S. output was slow to return after a deep freeze in Texas shut in crude production last week.
Shale oil producers in the southern United States could take at least two weeks to restart the more than 2 million barrels per day (bpd) of crude output that shut down because of cold weather, as frozen pipes and power supply interruptions slow their recovery, sources said.
Brent crude futures were up 28 cents, or 0.4%, at $65.52 a barrel by 0102 GMT, while U.S. crude oil rose 14 cents, or 0.2%, to $61.84 a barrel. Both benchmarks rose nearly 4% in the previous session.
"The positive momentum continues in the oil complex, with investors unabashedly predisposed to a bullish view," said Stephen Innes, chief global markets strategist at Axi in a note.
"Several significant oil price revisions were announced overnight and may have contributed to the rally of over 3%," he said.
Goldman Sachs Commodities Research raised its Brent crude oil price forecasts by $10 for the second and third quarters of 2021, citing lower expected inventories, higher marginal costs to restart upstream activity and speculative inflows.
The Wall Street bank expects Brent prices to reach $70 per barrel in the second quarter from the $60 it predicted previously and $75 in the third quarter from $65 earlier.
Morgan Stanley expects Brent crude prices to climb to $70 per barrel in the third quarter on "signs of a much improved market" including prospects of improving demand.
Also supporting prices, OPEC and U.S. oil companies see a limited rebound in shale oil supply this year as top U.S. producers freeze output despite rising prices, a decision that would help OPEC and its allies.
Stockpiles of U.S. crude oil and refined products likely declined last week, a preliminary Reuters poll showed on Monday, due to the disruption in Texas.
(Reporting by Jessica Jaganathan; editing by Richard Pullin)
((Jessica.Jaganathan@thomsonreuters.com; +65 6870 3822; Reuters Messaging: jessica.jaganathan.thomsonreuters.com@reuters.net; Twitter: ))