U.S. jobless claims rise, labor market still tight
WASHINGTON The number of Americans filing for unemployment benefits increased slightly last week, but remains at levels consistent with a tight labor market.
DUBAI Oman fully supports a proposal by Saudi Arabia and Russia to extend a global oil supply cut until the first quarter of 2018, its oil minister Mohammed bin Hamad Al-Rumhy said on Monday.
Saudi Arabia and Russia, the world's two top oil producers, agreed on Monday on the need to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices.
(Reporting by Rania El Gamal)
NEW YORK World stock markets edged higher on Thursday, buoyed by a modest rebound in oil prices after the commodity hit 10-month lows, while the U.S. yield curve managed to stall its recent flattening.