Middle East supplies of crude oil are expected to contract further, starting in May, after the OPEC + group announced plans to cut production further. This is expected to raise costs for refiners from Asia to Europe and prompt them to seek more supplies from Russia, Africa and the Americas....

BEIJING (AP) — Asian stock markets fell Monday after Swiss authorities arranged the takeover of troubled Credit Suisse amid fears of a global banking crisis ahead of a Federal Reserve meeting to decide on more possible interest rate hikes. Shanghai, Tokyo and Hong Kong declined. Oil prices...

FRANKFURT, Germany (AP) — The European Central Bank carried through with a large interest rate increase Thursday, brushing aside predictions it might dial back as U.S. bank collapses and troubles at Credit Suisse feed fears about the impact of higher rates on the global banking system. The...

Oil prices fell further on Friday as inflationary concerns and global demand uncertainty weighed on prices. International benchmark Brent crude traded at $84.52 per barrel at 09.55 a.m. local time (0655 GMT), down 0.27% from the closing price of $84.75 a barrel in the previous trading...