Ziad Abdallah has watched with growing alarm as Lebanon’s financial meltdown has threatened the savings he spent 25 years building up in his dollar account. First his Lebanese bank reduced dollar withdrawals, then it stopped them entirely. Now the central bank has issued rules saying any...

Global equity benchmarks edged higher Thursday as investors weighed an ongoing rebound in oil prices against stark economic data from Europe and the United States that further illustrated the worldwide toll from the coronavirus pandemic. IHS Markit's Flash Composite Purchasing Managers'...

Analysts warned the rise could be temporary as storage tanks fill around the world, but prices recovered ground as investors reassessed the resiliance of the world’s economy amid the global health emergency. Brent crude LCOc1 was up 99 cents, or 15%, at $21.36 a barrel by 0506 GMT after...

Saudi Arabia is looking into re-routing millions of barrels of oil onboard tankers sailing to the United States if President Donald Trump decides to block imports of crude from the Kingdom, shipping and trade sources say. Some 40 million barrels of Saudi oil are on their way to the U.S. and...