Oil edges up as supply remains tight, helping offset trade woes

Brent crude rose 19 cents or 0.3% to $70.30 a barrel by 0930 GMT, while U.S. West Texas Intermediate (WTI) was up 50 cents or 0.9% to $59.13 per barrel. Oil prices have been broadly supported by supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies since the start
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Oil rises to $69 as Mideast tension and supply cuts offset trade concerns

Oil rose to about $69 a barrel on Monday, supported by Middle East tensions and OPEC-led supply cuts, though concern over the U.S.-China trade dispute and global economy capped gains. Supply cuts – both voluntary by the Organization of the Petroleum Exporting Countries (OPEC) and allies, plus those
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TSX futures inch higher as gold prices rise

(Reuters) – Stock futures for Canada’s main stock index inched higher on Monday, as gold hit a more than one-week peak on concerns over the U.S.-China trade dispute. Spot gold was last up 0.13% at $1,286.30 per ounce by 7:00 a.m. ET. The metal touched $1,287.32 earlier in the session, its highest
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Draghi Has 10 Days to Gauge Recovery for ECB Stimulus Decision

Economists at the ECB are preparing forecasts for President Mario Draghi to unveil next week that will show whether they still believe an upturn will materialize in the second half of the year. The Governing Council must then decide if it should yet again deploy any of its many tools — including a
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