Oil ticks up on supply cuts, but rising U.S. output caps gains
SINGAPORE Oil prices edged higher on Monday, with Brent oil set to rise for five out of seven sessions as a global supply glut appears to ease, but rising U.S. production limited gains.
MOSCOW Russian Economy Minister Alexei Ulyukayev said on Monday that the government was ready to privatize a stake in the Bashneft oil firm this month, Russian news agencies reported.
Ulyukayev added that the investment consultant for Bashneft had recommended selling the Bashneft stake in one lot.
(Reporting by Alexander Winning; Editing by Adrian Croft)
WASHINGTON U.S. President Donald Trump's first budget proposal will spare big social welfare programs such as Social Security and Medicare from any cuts, Treasury Secretary Steven Mnuchin said in an interview broadcast on Sunday.
LONDON Over the years, euro zone economic growth has been a bit like the Sirens in Homer's Odyssey: singing a song of promise, only to end up pulling you onto the rocks. Will it be different this time?