Oil

Oil futures surged 12% on Friday, posting the biggest one-day gain since 2009, after the United Arab Emirates energy ministry said on Thursday that OPEC might be willing to cooperate on possible output cuts. WTI for March delivery rallied 12.3% to settle at $29.44 a barrel on the New York ...

Analysts from Lloyds Bank noted that the coming Chinese data and crude oil price movements are likely to continue to drive market sentiment and they raise a question: Are China growth concerns overdone? Key Quotes: “Despite relatively upbeat Chinese December external trade data, global equity markets, benchmark bond yields and ...