Oil settles higher but off 6-month highs

Oil futures wavered sharply on Thursday and finally settled higher, posting the third daily gain in a row as investors assessed supply data.

WTI crude for June delivery rose 47 cents, or 1%, to settle at $46.70 a barrel on the New York Mercantile Exchange. WTI had briefly risen above $47 a barrel to mark its highest level in six months at $47.02.

May 12, 2016

EUR/JPY: narrow two-way business, testing 124 handle

EUR/JPY had been better bid towards and through the previous highs for the week, but has since fallen back below the 4hr 200 sma at 124.16 and then attracting..

Fed’s George says rates are too low for current economic conditions

Federal Reserve Bank of Kansas City President, Esther L. George, says she favours interest rate hikes as rates are too low for current economic conditions.