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US oil settles up $2.66, or 6.25%, at $45.22 a barrel

U.S. crude futures closed higher on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria. U.S. oil rigs rose by 1 from last week to 675, according to Baker Hughes data, further prodding up U.S. oil futures. Oil rigs still remain down 900 from last year. Brent was up $2.57, or 5.4 ...
Source: Reuters
Oil steadies after rallying along with equities

Oil prices stabilized on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria. Oil saw its biggest one-day bounce since 2009 on Thursday, with North Sea Brent and U.S. light crude rising more than 10 percent. U.S. crude is on track for its first weekly gain in nine weeks and and end to ...
Source: Reuters
UPDATE 5-Oil steadies after strong gains as equities rally

* Recovering stock markets boost oil prices * U.S. crude on track for first weekly gain in nine weeks (Updates throughout, changes dateline, previous SEOUL) LONDON, Aug 28 (Reuters) - Oil prices steadied on Friday after bouncing back from six-and-a-half-year lows on recovering equities markets, strong U.S. economic growth and news of low crude supplies from Nigeria. Oil saw its biggest one-day ...
Source: Reuters | By: Christopher Johnson
UPDATE 4-Oil prices extend gains after biggest daily climb in 6 years

* Recovering stock markets boost oil prices * U.S. crude on track for first weekly gain in 11 weeks * Brent set for first weekly rise for two weeks (Updates prices) SEOUL, Aug 28 (Reuters) - Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. U.S. crude is on track for ...
Source: Reuters | By: Meeyoung Cho and Aaron Sheldrick
Shanghai composite widens gains to 5% in final half-hour

Asian stocks extended their recovery into the final trading day of the week as investors cheered a second day of gains in Chinese and U.S. markets. China's benchmark Shanghai composite (Shanghai Stock Exchange: .SSEC) ended 5 percent higher, with gains accelerating in the final half-hour of trade. Friday's rally followed a 5.4 percent gain on Thursday amid reports late in the session that the ...
Source: CNBC.com | By: Nyshka Chandran
UPDATE 1-Oil markets extend gains after biggest daily climb in 6 yrs

* Recovering stock markets boost oil prices * U.S. crude on track for first weekly gain in 11 weeks * Brent set for first weekly rise for two weeks (Recasts on rising prices) SEOUL, Aug 28 (Reuters) - Crude oil futures rose on Friday in Asian trading, adding to their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies. ...
Source: Reuters | By: Meeyoung Cho
Oil markets catch breath after biggest gains in six years

SEOUL, Aug 28 (Reuters) - Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies. Stock markets around the world rallied on Thursday, shaking off a slump related to China growth fears, as strong U.S. economic data boosted investor sentiment, and the dollar ...
Source: Reuters | By: Meeyoung Cho
FOREX-Dollar bulls brightened up after data, risk appetite improves

SYDNEY, Aug 28 (Reuters) - The dollar held at one-week highs against a basket of major currencies early on Friday, having benefited from upbeat U.S. data and as investors continued to cut back on safe-havens such as the yen. Commodity currencies including the Australian dollar managed to outperform their U.S. peer after a solid rebound in Chinese equities helped lift risk appetite generally. ...
Source: Reuters | By: Ian Chua
Shanghai closes up 5.4% to reclaim key 3,000 mark

China's Shanghai Composite index closed up 5.4 percent to reclaim the critical 3,000 mark, tracking the upbeat sentiment across the region underpinned by Wall Street's biggest one-day gain since 2011 overnight. According to Reuters, the Shanghai bourse posted its biggest one-day percentage gain in nearly two months. After six consecutive days of declines, the Nasdaq Composite (NASDAQ: .IXIC) ...
Source: CNBC.com | By: See Kit Tang
China market chaos blamed on exodus of 'sea turtles'

At the height of the 2008 financial crisis, as Wall Street slashed jobs, Beijing took advantage of the disarray to poach top Chinese financial talent from overseas to help reform its stock markets. By summer 2015, China's Securities Regulatory Commission (CSRC) needed them more than ever; a year-long market boom had imploded in a few weeks, and the government was desperate to keep the crisis ...
Source: Reuters