* Oil prices sink after Austria imposes lockdown * China says it intends to release some reserves * White House says OPEC+ needs to ensure adequate supply of oil (Updates with White House comments, recasts at top, changes oil prices, recasts, changes dateline, byline) WASHINGTON, Nov 19 (Reuters) – The White House on Friday pressed …
Continue reading “U.S. again presses OPEC+ as it weighs reserve release”
The US Food and Drug Administration on Friday authorized booster doses of COVID-19 vaccines for all adults six months after having been fully vaccinated with the shots from either Pfizer and partner BioNTech or Moderna. The agency’s decision authorizes booster doses for all US adults. It had previously allowed the additional shot for all recipients …
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Nov 19 (Reuters) – The following is a summary of some recent studies on COVID-19. They include research that warrants further study to corroborate the findings and that has yet to be certified by peer review. Breakthrough COVID-19 raises risk of health problems, death COVID-19 is generally less severe in vaccinated patients but that does …
Continue reading “Breakthrough infections raise health, death risk”
LONDON — Oil prices fell sharply on Friday towards $78 a barrel as a fresh surge in COVID-19 cases in Europe threatened to slow the economic recovery while investors also weighed a potential release of crude reserves by major economies to cool prices. Brent crude was down $2.78, or 3.42%, at $78.46 a barrel by …
Continue reading “Oil slumps below $80 on resurgent European COVID fears”
VIENNA/BERLIN (Reuters) – Austria will become the first country in western Europe to reimpose a full COVID-19 lockdown, it said on Friday as neighbouring Germany warned it may follow suit, sending shivers through financial markets worried about the economic fallout. A fourth wave of infections has plunged Germany, Europe’s largest economy, into a national emergency, …
Oil prices fell more than two per cent on as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world’s biggest crude importer and U.S. plans for a large stimulus package. Brent crude fell $1.32, or 2.34 per cent, to settle at $55.10 per …
Continue reading “Oil reverses course, drops 2% on news of lockdowns”
US. stock indexes closed mostly at records in a choppy Thursday session, buoyed by upbeat earnings from chip company Nvidia Inc. and major retailers, while concerns about a seasonal rise in COVID-19 cases were seen capping gains. It wasn’t all good news on the earnings front, however, with the Dow Jones Industrial Average weighed down …
Continue reading “S&P, Nasdaq end at record peaks on strong earnings”
BEIJING (Reuters) – China’s state reserve bureau said on Thursday it is working on a release of crude oil reserves although it declined to comment on a U.S. request to the world’s top consuming nations to tap stockpiles to ease global energy prices. The National Food and Strategic Reserves Administration told Reuters when asked to …
Continue reading “Exclusive: China reserve bureau working on crude oil release”
U.S. stock indexes closed mostly at records in a choppy Thursday session, buoyed by upbeat earnings from chip company Nvidia Inc. and major retailers, while concerns about a seasonal rise in COVID-19 cases were seen capping gains. It wasn’t all good news on the earnings front, however, with the Dow Jones Industrial Average weighed down …
Continue reading “S&P, Nasdaq end at record peaks on strong earnings”
https://youtu.be/vN1QJKoIpW0?t=118 (Reuters) – Investor William Ackman, whose views are widely watched on Wall Street, said on Thursday that the U.S. central bank’s ultra-easy monetary policy has created a “classic bubble” and that he thinks the Federal Reserve will need to tighten rates more quickly to fight inflation. “We are in a classic bubble which has …