Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
Hagibis dropped record amounts of rain for a period in some spots, according to meteorological officials, causing more than 20 rivers to overflow.Asia Newsread more
A spokesperson for the U.S.-backed Syrian Democratic Forces (SDF) has issued a stark warning to the international community.World Newsread more
Oil came under pressure on Monday on signs a multi-week rally was encouraging a rejuvenation in already bloated U.S. shale supplies.
U.S. light crude closed down 14 cents, or 0.2 percent, at $59.25 a barrel. U.S. crude prices gained on a weekly basis for an eighth straight week last week while Brent had its first profit-taking in five weeks.
Meanwhile, Brent crude futures, the more globally referenced benchmark for oil, fell 40 cents to $65 a barrel.
In a sign the market was responding to those gains, rigs for drilling oil in the voluminous Permian shale basin rose for the first time this year after months of cutbacks.
The market's drop was limited by China's third rate cut in six months which raised hopes the world's No. 1 energy consumer will help absorb some of the excessive crude supplies.
And despite the gains in the Permian Basin, the overall number of active oil rigs in the United States has declined for a 22nd week in a row, although the rate of decline has slowed lately.
"It's pretty choppy as people try to figure out a clearer supply-demand situation," Gene McGillian, senior analyst at Tradition Energy in Stamford, Connecticut, said, referring to Monday's action.
"I'm not entirely sure the rally of the past few weeks is behind us, so we could ultimately be setting ourselves up for an even sharper decline later," he added.
Hedge funds and other big speculators raised bets for a seventh week in a row last week that crude prices will rise, exchange data showed.
Analysts talk of a growing disconnect between the futures market, which has gained more than 40 percent since its January low, and a growing physical supply glut.
Analysts at Morgan Stanley said growing supplies in the physical market, signs of increasing activity in U.S. shale oil production and potential for higher OPEC output are weighing on the outlook.
"We have growing concerns about crude fundamentals in the second half of 2015 and 2016," the bank said in a note to clients.
Oil's recent rally also appears technically exhausted, chartists said, noting Brent's halted advance after it had hit 2015 highs last week.
Investors will be looking at Wednesday's monthly report from the International Energy Agency to see if falling oil prices have boosted global demand for oil.