Oil gains, Deutsche Bank weighs on stocks; yen off lows

Oil gains, Deutsche Bank weighs on stocks; yen off lows
 

Crude oil futures on Thursday added to the previous session's rally on optimism over an OPEC plan to curb output, while stocks fell as Deutsche Bank tumbled after a report said clients have withdrawn excess cash and positions held in the largest German lender.Energy stocks fared better than the rest of the market as oil prices rose. The Organization of the Petroleum Exporting Countries agreed to cut output to a range of 32.5 million - 33.0 million barrels a day from the group's current estimate of 33.24 million barrels.
But the mood elsewhere was sour as Deutsche Bank, despite saying it was... read more

 
29 September 2016 in World News, Views: 39
Source: Reuters
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