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UPDATE 5-Oil prices jump but weekly losses and physical excess loom

LONDON, Feb 12- Oil prices jumped on Friday on hopes of a coordinated production cut sparked by comments from the energy minister of OPEC member United Arab Emirates. Brent gained as much as 6 percent against its previous settlement and was up 4.9 percent at $31.53 per barrel at 0938 GMT. "The comments by the UAE oil minister are pushing prices up... but we're still in a...
Source: Reuters | By: Libby George
UPDATE 3-Oil prices jump almost 5 pct, but oversupply still damps outlook

SINGAPORE, Feb 12- Oil prices jumped almost 5 percent on Friday after comments by the energy minister of OPEC- member United Arab Emirates sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Friday's jump in Brent came after the United Arab Emirates energy minister Suhail bin...
Source: Reuters | By: Henning Gloystein
UPDATE 2-Crude prices jump 5 pct, but oversupply still damps outlook

SINGAPORE, Feb 12- Crude oil prices jumped more than 5 percent on Friday after comments by an OPEC energy minister sparked hopes of a coordinated production cut, yet analysts said such a move remained unlikely and that oversupply would persist. Friday's jump in Brent came after the United Arab Emirates energy minister said the Organization of the Petroleum...
Source: Reuters | By: Henning Gloystein
Asia markets extend rout as Nikkei plunges 4.8%

Markets in Asia dropped sharply on Friday, with the Nikkei tumbling, as oil remained volatile and concerns about how central banks' easing measures will affect banks' earnings persisted.
Source: CNBC.com | By: Saheli Roy Choudhury
GLOBAL MARKETS-Yen, bonds, gold all gain at dollar's expense, stocks sag

Hong Kong shares lead Asia equity markets lower. "In some ways it is reminiscent of 2008 with tightening credit markets, bank shares under pressure and worries central banks are powerless," said Shane Oliver, head of investment strategy at AMP Capital, though he suspects markets are overly pessimistic this time. The flight from risk told on most Asian shares, with...
Source: Reuters
PRECIOUS-Flight to safety sends gold surging above $1,200 after Yellen

SINGAPORE, Feb 11- Gold surged to its highest in 8-1/ 2 months on Thursday as investors bet that the Federal Reserve could find it hard to hike U.S. interest rates this year, while safe-haven demand amid a tumble in equities and the dollar also boosted the metal. Spot gold jumped to an intra-day high of $1,213 an ounce, its highest since May 22, before paring gains to...
Source: Reuters | By: A. Ananthalakshmi
Asia mixed as HSI drops 3.9% to 4-year low

Asian markets closed mixed on Thursday as investors digested remarks from Federal Reserve Chair Janet Yellen and oil remained volatile.
Source: CNBC.com | By: Saheli Roy Choudhury
Oil rebounds from sharp selloff, volatility expected

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session led by concerns over demand and weak equities.
Source: CNBC.com
CBA posts 4% jump in H1 profit, flat dividend

Commonwealth Bank of Australia, the country's top mortgage lender, posted H1 cash profit of $3.4B, in line with expectations.
Source: Reuters
Nikkei extends losses to close down 2.3%

Monkeys threw a wrench into Asian markets in the Lunar New Year's first week of trading, with sell-offs in Japan, Singapore and Down Under on Wednesday.
Source: CNBC.com | By: Saheli Roy Choudhury