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President Obama and British Prime Minister David Cameron hold a press conference at the White House today where the two world leaders lay out an economic agenda for the G8 Summit; discuss the importance of a joint commitment for continued global security; and address the challenges facing economic global needs.
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*Nusra Front only competitor to tribes. BEIRUT, May 10- In Syria's eastern province of Deir al-Zor, a network of tribes and smugglers has exploited the chaos of war to create an illicit oil trade that makes European hopes of buying crude from President Bashar al-Assad's opponents a distant prospect.
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*Doubts on China recovery pace weighing on sentiment. SINGAPORE, May 10- Brent oil edged down on Friday, trading in a tight range above $104 a barrel as stronger signs of a U.S. recovery and persistent doubts over the Chinese economy gave mixed signals about demand from the world's top two consumers.
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*Doubts on China recovery pace weighing on sentiment. SINGAPORE, May 10- Brent oil edged down on Friday, trading in a tight range above $104 a barrel as stronger signs of U.S. recovery against persistent doubts over the Chinese economy sent mixed signals about demand from the world's top two consumers.
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*The benchmark U.S. crude oil contract, for June, dropped 41 cents to $95.98 a barrel by 0101 GMT, after settling down 23 cents at $96.39. It ended 13 cents higher at $104.47 per barrel on Thursday, up more than $1 from a session low of $103.45.
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*U.S. dollar climbs above 100 yen. *Gold off 1 percent as U.S. jobless data, strong dollar weigh. NEW YORK, May 9- The U.S. dollar broke through 100 yen on Thursday, its highest level against the currency in over four years, while stocks in major markets slipped from recent record levels.
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NEW YORK, May 9- Brent crude edged up in volatilite trade on Thursday, and U.S. crude settled slightly down, as investors weighed Middle East tensions against weak demand and high inventories. Brent crude for June rallied just before the close of the trading session to end 13 cents higher at $104.47 per barrel, up more than $1 from a session low of $103.45.
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*Gold off 1 pct as U.S. data, strong dollar weigh. NEW YORK, May 9- The U.S. dollar rose to its highest against the yen in over four years on Thursday, blasting through the 100- yen level, while shares in major markets slipped from recent record levels.
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NEW YORK, May 9- Brent crude edged lower on Thursday for a third straight day as tensions in the Middle East receded, leaving rising global fuel supplies and faltering demand to weigh on prices.
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*Lebanon economy shrinks 1 pct for every 5 pct drop in Syria. BEIRUT, May 9- The economic devastation of Syria's war could drive the economies of neighbouring Lebanon and Jordan into reverse, Syria's former deputy prime minister said on Thursday.
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NEW YORK, May 9- A measure of stocks around the world dipped after setting a fresh 5- year high on Thursday and the U.S. dollar strengthened in the wake of better-than-expected job market data.
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NEW YORK-- NBC News chief foreign correspondent Richard Engel is back quickly and safely from his first trip to Syria since he and his team were kidnapped and held captive there last December. His reports were airing Wednesday on the "Today" show and " NBC Nightly News."
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LONDON, May 9- Brent crude fell below $104 a barrel on Thursday as rising fuel supplies and faltering demand pointed to a growing surplus of oil worldwide. U.S. crude oil inventories jumped to a fresh record last week as domestic production continued to climb, the U.S. Energy Information Administration said on Wednesday.
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SINGAPORE, May 9- Brent futures held near $104 a barrel on Thursday, as upbeat data worldwide renewed hopes of a revival in demand growth, while concerns of ample supplies weighed on prices. Equities supported oil, with the S&P 500 closing at an all-time high for a fifth day on Wednesday following a slew of positive numbers from the United States, China and Germany.
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Oil also tracked equities, with the S&P 500 closing at an all-time high for a fifth day on Wednesday following a slew of positive numbers from the United States to China and Germany.
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NEW YORK, May 9- Brent crude prices fell Thursday for the third straight day as tensions in the Middle East faded, leaving rising global fuel supplies and faltering demand to weigh on prices. Brent crude for June fell 37 cents to $103.97 per barrel by 11:47 a.m. EDT.
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SEOUL, May 9- U.S. crude held above $96.50 a barrel on Thursday, underpinned by the spread against Brent which narrowed sharply in the prior session amid hopes for increased capacity to funnel rising U.S. crude oil production out of benchmark-supply-point Cushing. *U.S. crude oil was up 7 cents a barrel at $96.69 by 0122 GMT, after settling up $1 at $96.62 on Wednesday.
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*China's April crude imports rise 3.7 percent. LONDON, May 8- Oil eased closer to $104 a barrel on Wednesday as persistent concerns about global demand, with U.S. crude stocks rising to new highs, outweighed a rise in crude imports by China and a surprise jump in German industrial output.
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*Iraq hopes to trans-ship goods to Europe. BAGHDAD, May 8- In a shabby, rusty train that had just left Baghdad for the southern city of Basra, Riyadh Saleh moved restlessly from carriage to carriage, searching for a comfortable, air-conditioned seat.
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*China's April crude imports rise 3.7 percent. LONDON, May 8- Oil eased closer to $104 a barrel on Wednesday as a rise in crude imports by China and a surprise jump in German industrial output could not shake off persistent concerns about global demand.
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*U.S., Russia push for rapid talks to end Syria conflict. LONDON, May 8- Oil slipped below $104 a barrel on Wednesday as a rise in crude imports by China and a surprise jump in German industrial output could not shake off persistent concerns about global demand.