We’ve just entered the ‘sweet spot’ for oil prices: Tom Kloza

Crude oil is in the ultimate game of tug-of-war—and it’s not going to change any time soon, says one of Wall Street’s top commodity analysts. A whipsaw week saw crude set its biggest weekly loss since mid-September, with Brent ending the week under the psychologically important level of $50 per barrel. “There’s probably a sweet […]

Europe seen to open higher

European stocks are expected to open higher on Monday as global markets await the start of tomorrow’s meeting of the Federal Reserve’s policymaking committee. The London FTSE index is expected to open 54 points higher at 6,764, the German DAX up 62 points at 10,338 and the French CAC up 30 points at 4,362. The […]