Oil rises 1% on signs of tightening supplies

Oil rises 1% on signs of tightening supplies

By Shariq Khan NEW YORK (Reuters) -Oil prices rose 1% on Wednesday as geopolitical tensions raged on in the Middle East and traders assessed signs of near-term supply tightness. U.S. West Texas Intermediate crude futures (WTI) rose 87 cents, or 1.1%, to settle at...
Dollar dips, China boosts global growth hopes

Dollar dips, China boosts global growth hopes

By Karen Brettell NEW YORK (Reuters) -The U.S. dollar weakened on Tuesday after China cut interest rates in a bid to prop up its struggling property market, raising hopes of additional stimulus that would boost global growth. The yen gained, meanwhile, but stayed...