Oil falls below $96 as fears over Syria ease
The price of oil edged lower Tuesday as fears eased of Israeli involvement in Syria’s civil war.
The price of oil edged lower Tuesday as fears eased of Israeli involvement in Syria’s civil war.
Oil prices were higher in Asian trade Wednesday, buoyed by a shutdown of Britain’s largest oil field as talk of war pervaded the crude-producing Sudanese region, analysts said.
Oil prices rose in Asian trade on Monday as worries over supply disruptions in Nigeria outweighed concerns over the mass debt downgrade of eurozone nations, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in February, gained three cents to $98.73 in morning trade.
China’s security chief has told provincial officials they need to be more prepared for the “negative impact” of slowing growth, underscoring Beijing’s concern a slowdown could bring social unrest.
ATHENS—Riot police clashed with protesters outside the Greek parliament Wednesday during record demonstrations against government cuts as fellow eurozone struggler Spain reeled from a new ratings downgrade. Two days ahead of a make-or-break summit in Brussels, the developments underscored the scale of challenges facing leaders as they struggle to slash costs in the face of [...]
MANILA, Philippines—Malacañang vowed Monday night to go after the communist New People’s Army rebels and bring them to justice for attacking two mines in Claver, Surigao del Norte, including one of the biggest nickel mines in the country. (Another report said a third mine has also been attacked.) “We take today’s attacks by armed rebels [...]
One of the Philippines’ biggest nickel mines suspended operations after communist guerrillas attacked the facility on Monday, setting equipment on fire, company and military officials said.
Job losses from the unrest in the Arab world and the Japan earthquake have had little overall impact on the amount of money the huge Filipino overseas workforce sends home, the central bank said Friday. Cash transfers rose 6.2 percent from a year earlier to $7.9 billion in the five months to May, slightly down [...]
Remittances from overseas-based Filipinos grew at a faster pace in May despite the drag caused by the political unrest in the Middle East and North Africa and the ill-effects of the natural disaster in Japan earlier in the year. The Bangko Sentral ng Pilipinas on Friday reported that money sent home by Filipinos abroad continued [...]
