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Global Markets

Rise in oil prices, as China & US geared up for trade talks

SINGAPORE: Oil prices today recouped some of the previous day’s losses after Beijing said it would send a delegation to Washington to try to resolve trade disputes between the United States and China that have roiled global markets. Brent crude oil futures LCOc1 were at $71.03 per barrel at 0455 GMT, up 27 cents, or 0.4 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were up 5 cents at $65.06 a barrel, held back somewhat by rising U.S. crude production and storage levels. Both…

Global Markets: Stocks, dollar steady after US-North Korea summit

NEW YORK: World stock markets were little changed on Tuesday while the US dollar fell slightly against an index of major currencies, as investors brushed aside a long-awaited US-North Korea summit aimed at denuclearizing the Korean peninsula. US President Donald Trump and North Korean leader Kim Jong Un met in Singapore, pledging to work toward complete denuclearization, while Washington committed to providing security guarantees for its old enemy. The MSCI all-country world index, which tracks shares in 47 countries,…