Brent LCOc1 was up 19 cents, or 0.3 percent, at $66.81 a barrel by 1:39 p.m. EDT (1839 GMT). The global benchmark looked set for a third day of gains since hitting an eight-month low on Tuesday, but was down more than 4.7 percent on last week’s close.
All three indexes had been lower in early trade as an underwhelming earnings outlook from Nvidia Corp (NVDA.O) weighed on chipmaker stocks and shares of Facebook Inc (FB.O) extended their slide following reports critical of the company’s response to Russian propaganda on its social network.
The greenback fell to one-week lows versus the euro and a two-week trough against the yen following comments from Fed Vice Chair Richard Clarida, who told CNBC television he saw some evidence that global growth was cooling.
Slogans and populism cannot guide economic policymaking, finance minister Arun Jaitley said, underlining the need for policy debates based on hard facts and data crunching.
Federal Reserve, under pressure from a critical White House even while it largely hits its inflation and employment targets, will conduct an extensive review next year of how it guides the U.S. economy as it seeks to become more open and accountable.
Hong Kong’s economic growth slowed further in the third quarter and is expected to face additional headwinds amid trade tensions between Beijing and Washington and higher interest rates, posing broader risks to growth in the Asian financial hub next year.
German luxury carmaker Mercedes-Benz launched new CLS model with a starting price of Rs 84.70 lakh (ex-showroom, all India).
Deepak Fertilisers and Petrochemicals Corporation Friday said the Income Tax department was carrying out search and seizure operations in the company's office premises and plants since.
DMK President M K Stalin lauded the Tamil Nadu State Disaster Management Authority for its efforts to tackle the severe cyclonic storm 'Gaja,' that has crossed the state's coast.