Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
U.K. online bank Monzo raised $144 million in a fresh round of funding led by the U.S. start-up accelerator Y Combinator.Technologyread more
* U.S. EIA cuts 2019 world oil demand growth forecast
* Russia signals it may support extended supply cut with OPEC
* U.S. crude stockpiles expected to fall in weekly reports
* U.S. crude stocks up unexpectedly 4.9 mln bbls last week -API (Updates with API data)
NEW YORK, June 11 (Reuters) - Oil prices were steady on Tuesday, weighed by concerns about a global economic slowdown that could dent crude demand, but supported by expectations that OPEC and its allies will extend their supply curbs.
Brent crude futures settled unchanged at $62.29 a barrel, while U.S. West Texas Intermediate (WTI) crude futures edged up 1 cent to end at $53.27 a barrel.
Prices fell after U.S. crude stockpiles unexpectedly rose by 4.9 million barrels in the week to June 7 to 482.8 million, industry group the American Petroleum Institute said on Tuesday.
U.S. government data is due to be released at 10:30 a.m. EDT (1430 GMT) on Wednesday.
Both Brent and WTI are down roughly 20% from their 2019 peak reached in April. Concern about slowing demand and economic growth has had a large impact on sentiment amid a trade war between the United States and China.
The U.S. Energy Information Administration cut its 2019 world oil demand growth forecast by 160,000 barrels per day to 1.22 million bpd.
"The demand outlook is central to the oil market these days," said John Kilduff, an analyst at Again Capital LLC. "The global economic data has been chock full of negative surprises, of late, attributable to the fallout from the U.S.-China trade war."
Beijing said it will allow local governments to use proceeds from special bonds as capital for major investment projects, in a bid to support the slowing economy amid an escalating trade war with the United States.
Supporting oil prices on Tuesday was optimism that the Organization of the Petroleum Exporting Countries and other producers such as Russia would extend an output cut deal that has been in place since the beginning of the year to prop up prices. The group, known as OPEC+, is due to meet in late June or early July to decide whether to extend the pact.
Russian energy minister Alexander Novak said on Monday there is still a risk that oil producers pump out too much crude and prices fall sharply, suggesting Moscow might support an extension. The comments, along with remarks from Saudi Arabia, bolstered expectations the deal will be renewed.
Russia's average oil output stood at 11.04 million bpd on June 1-10, up from an average of 10.87 million bpd on June 1-3, two sources familiar with official data said on Tuesday. Oil output in the first three days of June was the lowest since mid-2016, according to Reuters calculations.
(Additional reporting by Alex Lawler in London and Henning Gloystein in Singapore; editing by Marguerita Choy and Phil Berlowitz)