Japan’s Nikkei 225 sheds nearly 4% as Asia-Pacific stocks sell off

SINGAPORE — Stocks in Asia-Pacific fell sharply in Friday trade following an overnight drop on Wall Street as a rapid rise in bond yields rattled investor sentiment. In Japan, the Nikkei 225 led losses among the region’s major markets as it fell 3.99% to close at 28,966.01 while the Topix index slipped 3.21% to finish […]

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Goldman raises oil forecast, sees jump to $72 this year for U.S. prices

Pumpjacks operate in the snow in the Permian Basin in Midland, Texas, U.S, on Saturday, Feb. 13, 2021. Matthew Busch | Bloomberg via Getty Images Goldman Sachs is raising its oil price forecast as three key factors should drive prices higher: low inventories, a slow return to prior production levels and speculative inflows. The firm […]

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Energy prices jump as millions left without power in Texas

Pump jacks operate in front of a drilling rig in an oil field in Midland, Texas. Nick Oxford | Reuters Energy prices jumped on Tuesday as a cold spell in the South both increased demand for fuel while simultaneously hampering production. More than 3.8 million people were left without power across Texas on Tuesday morning, […]

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Oil hits pandemic high as winter storm pushes demand and poses production risk

Silhouette of Permian Basin pumpjacks taken at dusk, north of Midland, Texas, U.S. in late 2019. Richard Eden | via Getty Images Freezing weather in regions across the U.S. sparked another rally in energy prices and put West Texas Intermediate crude on pace to settle above $60 a barrel for the first time since the […]

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