Oil recovers in robust economic data, bargain hunting

How about 'Monkey Business' in Clinton?

Market sentiment was buoyed by a survey from the Institute for Supply Management (ISM) on Monday showing activity in the U.S. services industry reached its highest level on record in March. The data came after a jobs report on Friday beat forecasts with 916,000 added to the U.S. economy last month. The U.S. data “underscored growth momentum in the world’s largest economy, brightening the energy demand outlook,” said DailyFX strategist Margaret Yang.

Brent crude futures rose 38 cents, or 0.61%, to $62.53 a barrel at 0507 GMT, after falling 4.2% on Monday. U.S. West Texas Intermediate (WTI) crude futures rose 34 cents, or 0.58%, to $58.99 barrel, after sliding 4.6% on Monday. Adding to positive sentiment, a recovery in China’s services sector picked up speed in March as firms hired more workers and business optimism surged, a private sector survey showed on Tuesday.

In addition, England is set to ease coronavirus pandemic restrictions on April 12, with the opening of businesses including all shops, gyms, hair salons and outdoor hospitality areas. Those helped offset worries about the agreement last week by the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, to bring back 350,000 barrels per day (bpd) of supply in May, another 350,000 bpd in June and a further 400,000 bpd or so in July.

Saudi Arabia is also set to phase out its extra voluntary cut of 1 million bpd over those three months. At the same time OPEC member Iran, exempt from making voluntary cuts, is boosting supply. The market’s attention is now on indirect talks between the United States and Iran in Vienna from Tuesday as part of broader negotiations to revive the 2015 nuclear deal between Tehran and global powers. The U.S. expected the talks to be “difficult” and does not foresee any early breakthrough.

“A breakthrough in the U.S.-Iran indirect talks in Vienna this week will almost certainly lead to another decisive move lower by oil markets, as fears of more Iranian supply increase,” said Jeffrey Halley, a senior Asia Pacific market analyst at OANDA.

The News Highlights

  • Oil recovers in robust economic data, bargain hunting
  • Check the latest update on business news
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Trending Lists

Best Gaming Chairs Under $500
Best Gaming Chairs Under $500
Are you looking for the best Gaming Chairs Under $500? When you sit down and turn on your gaming system, you want a chair designed for both comfort…read more ❯
Best Fully Automatic Top Load Washing Machines Under 20000
Best Fully Automatic Top Load Washing Machines Under 20000
Are you looking for the Best Fully Automatic Top Load Washing Machines under 20000? Many people switch from semi-automatic washing machines to fully…read more ❯
Best Electric Blanket In India
Best Electric Blanket In India
Best Electric Blanket In India – Are you looking for the Best Electric Blanket In India? Electric blankets are a great way to reduce energy…read more ❯
best rugged bluetooth speakers
Best Rugged Bluetooth Speakers
Are you looking for the Best Rugged Bluetooth Speakers, but with so many options on the market today, is it challenging to distinguish the bad…read more ❯
Best Kitchen Knife Set in India
Best Kitchen Knife Set in India
Are you looking for the Best Kitchen Knife Set In India? The kitchen knife is one of the most important items you’ll find in any kitchen. If you want…read more ❯
Best Budget Dishwasher In India
Best Budget Dishwasher In India
Are you looking for the Best Dishwasher In India? As the name suggests, a dishwasher is a mechanical device that cleans dishes and utensils. A…read more ❯
Best Roti Maker In India
Best Roti Maker In India
Are you looking for the Best Roti Maker In India? We just do not want to agree that the roti-maker has nothing to do with the delicious taste of…read more ❯
Best Wireless Gaming Keyboards
Best Wireless Gaming Keyboards
The re’s nothing like wireless gaming equipment, especially keyboards, so we do not have to worry about those annoying cables. When it comes to…read more ❯

Tutorials & Guides

How to Reset Pattern Lock On Samsung Galaxy S8 And Galaxy S8 Plus
Hello guys in this guide, I am gonna tell you about How to Reset Pattern Lock On Samsung Galaxy S8 And Galaxy S8 Plus. So read this article, step by…read more ❯
Best Tools for Batch Renaming Files on Windows 10 PC
Hello friends today we gonna learn about Best Tools for Batch Renaming Files on Windows 10 PC. So read this article, Best Tools for Batch Renaming…read more ❯
Samsung Galaxy S9 And Galaxy S9 Plus: How To Add Contact Image – Resolved
Hello guys in this guide, I am gonna tell you about Samsung Galaxy S9 And Galaxy S9 Plus: How To Add Contact Image – Resolved. So read this…read more ❯
Free CAD Software you can Download
Hello friends today we gonna learn about Free CAD Software you can Download. So read this article, Free CAD Software you can Download step by step so…read more ❯
How to Stop Down­loads From Open­ing Auto­mat­i­cal­ly in Chrome Browser
This article is about How to Stop Down­loads From Open­ing Auto­mat­i­cal­ly in Chrome Browser. So read this free guide, How to Stop…read more ❯
How To Fix Black Screen Problem On Google Pixel And Pixel XL
Hello guys in this guide, I am gonna tell you about How To Fix Black Screen Problem On Google Pixel And Pixel XL. So read this article, step by step…read more ❯
How To Delete All Apps on iPhone
Hello guys in this guide, I am gonna tell you about How To Delete All Apps on the iPhone. So read this article, step by step so you may understand it…read more ❯

This Easy iPhone Trick Will Save You Tons of Photo Space
How to use the icloud to free up more space We’ve all been the re: Working low on iPhone space for storing, scrambling to delete photographs we…read more ❯
8 Greatest Apps to Maximize Android perfomance
Android is not as controlled and regulated as its iOS competitor. It doesn’t matter what version of the mobile OS you are running, but with android…read more ❯
Google Play store Error 498 5 easy Methods to fix it
Just lately Whereas Downloading Asphalt game on my Smartphone I received an Error 498 in Google Play Store. To be Actual, the Error Reads “Error…read more ❯
How to Enable Copy paste in CMD – Windows
By Default Windows don’t permit users to Copy text and Paste it in Command prompt Or Copy textual content from Command prompt(cmd) and paste it…read more ❯
How to Speed Up Chrome Browser Easily
As we all know that chrome is very fast browser amongst all browser compare to firefox , internet exporer and safari and so on. However sometimes its…read more ❯
How to stop Facebook account from being hacked
There are lots of methods to lose control of your Facebook account. It’s possible you’ll get hacked and ultimately loose Control over your facebook…read more ❯
Method to watch youtube videos in vlc media player
VLC Media Player Have the Functionality to Play Movies with all most all Video Codecs , Most likely that is the One cause Why VLC media player is…read more ❯
top 4 Linux screenwriting software program
Want to put in writing the next top blockbuster, indie film or hit sitcom? We take a look at out the very best linux screenwriting software  for…read more ❯
Download YouTube Videos Offline mode on your phone
It takes just a few easy steps to download  video from YouTube app. Open a video, tap the download button (see screenshot), select the resolution…read more ❯
How to Look Better While Video Chatting
Video chatting is so commonplace nowadays that even dogs know how to do it. However, with the rise of live conferencing and Skype interviews, the…read more ❯

Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Next Siouxland Health District COVID-19 vaccine clinic scheduled for April 27

Next Siouxland Health District COVID-19 vaccine clinic scheduled for April 27

Registration for these clinics can be accessed at the Siouxland District Health Department website or by calling 712-234-3922, beginning today, April 19. ...
David Y. Ige |  GOVERNOR'S OFFICE NEWS RELEASE: GOVERNOR IGE RELEASES $ 278 M FOR CAPITAL IMPROVEMENT PROJECTS THROUGHOUT THE STATE

David Y. Ige | GOVERNOR’S OFFICE NEWS RELEASE: GOVERNOR IGE RELEASES $ 278 M FOR CAPITAL IMPROVEMENT PROJECTS THROUGHOUT THE STATE

HCDA Stadium Development District This project will provide funds for legal services, a structural engineering study, and HCDA overhead costs for the Stadium ...
How to Clean Headphones and Wireless Earbuds

How to Clean Headphones and Wireless Earbuds

If you use them every day when sitting indoors, wiping them down once a week might be sufficient, he adds. However, if you’re wearing them through strenuous ...
Epic’s MetaHuman technology is available for early access

Epic’s MetaHuman technology is available for early access

Source “Even the most experienced artists require significant amounts of time, effort, and equipment, just for one character.” Epic announced the MetaHuman ...
Palo Alto Networks Selected by Dish for assistance with 5G Security

Palo Alto Networks Selected by Dish for assistance with 5G Security

Dish Network will call on Palo Alto Networks to help with security measures in building the first cloud-native, OpenRAN-based 5G wireless network in the US. ...
Start the new year off right with discounts on select digital games.

Start the new year off right with discounts on select digital games.

My Nintendo™ members also earn Gold Points* on qualifying digital purchases. These deals last through 11:59 p.m. PT on Jan. 21. Start your year off with ...
Growth in ‘inevitable’ illicit cryptographic financing: CipherTrace

Growth in ‘inevitable’ illicit cryptographic financing: CipherTrace

However, Maddie Kennedy, senior director of communications at Chainalysis, told Decrypt that the firm’s estimates about illicit activity using cryptocurrencies ...
UVA Health announces billing policies and practices

UVA Health announces billing policies and practices

Source Additional information about the new policies and available financial assistance for patients is available at UVA Health’s website. In addition to ...
Show next
Compsmag - Latest News from tech, business and health
Logo