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Oil prices rose on Tuesday as investors expect U.S. sanctions on Venezuela and production cuts led by OPEC and its allies to head off any glut, but data showing a decline in U.S. factory orders weighed on the market. Continue Reading Below The supply optimism helped U.S. West Texas Intermediate […]

BP joined its competitors in posting a strong 2018 performance, with a doubling of profits driven by strong growth in oil and gas output following a large U.S. shale acquisition. Continue Reading Below Record utilization of its oil and gas fields and refining capacity further helped BP seal what was […]

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Oil hit a two-month high close to $64 a barrel on Monday as OPEC-led supply cuts and U.S. sanctions against Venezuela’s petroleum industry offset forecasts of weaker demand and an economic slowdown. Continue Reading Below The Organization of the Petroleum Exporting Countries and its allies began a new round of […]

Oil prices rose 1.5 percent on Friday, lifted by signs the United States and China could soon settle their protracted trade dispute while producer cuts and U.S. sanctions on Venezuelan exports have helped tighten supply. Continue Reading Below International Brent crude oil futures were up 91 cents, or 1.5 percent, […]

U.S. drugmaker Merck & Co Inc on Friday reported quarterly profit that edged past estimates, helped by strong demand for its blockbuster cancer treatment Keytruda. Continue Reading Below Sales of Keytruda, the most important drug in Merck’s portfolio, rose 66 percent to $2.15 billion in fourth quarter, compared with analysts’ […]

article Honeywell International Inc on Friday reported a better-than-expected quarterly profit and forecast full-year earnings in a range that was largely above analysts’ estimates, as the company benefited from robust demand for aircraft parts. Continue Reading Below A rise in global travel has driven record orders for jets, leading to […]

Coca-Cola CEO: We expect to increase prices around the world Coca-Cola CEO James Quincey on the economy, expanding the company’s line of beverages, the pricing outlook, the Super Bowl, marketing, launching bottles and cans themed to the Korean boy band BTS and the company’s ‘World Without Waste’ initiative. A U.S. […]

Oil prices rose for a third straight day on Thursday on tighter supply after U.S. sanctions on Venezuelan exports and lower-than-expected U.S. fuel stocks, extending a surge this month as a so-called OPEC+ production cut pact took effect. Continue Reading Below The Organization of the Petroleum Exporting Countries (OPEC), along […]

(Reuters) – United Parcel Service Inc reported a better-than-expected quarterly profit, as the company benefited from record volumes during the crucial holiday season. Continue Reading Below Shares of the world’s biggest package delivery company rose nearly 6 percent to $107.06 in early trading. MORE FROM FOXBUSINESS.COM The company successfully executed […]