Oil gains, energy shares buoy global stocks; yen slides

Oil gains, energy shares buoy global stocks; yen slides
 

Energy shares buoyed global stocks on Thursday as crude prices added to the previous session's gains on optimism over a plan among OPEC members to curb output.
The expected agreement lifted the currencies of crude-producing countries like Norway and Canada overnight while the safe-haven Japanese yen dropped almost 1 percent versus the U.S. dollar on Thursday, weighed further by strong U.S. economic data.
Crude prices wobbled initially after Wednesday's near 6 percent surge as investors questioned whether OPEC's first deal to limit output since 2008 would balance the oversupplied oil... read more

 
29 September 2016 in World News, Views: 37
Source: Reuters
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