#smallerthanexpected

Lyft surprised Wall Street with strong revenue, better-than-expected earnings and most importantly, an improved outlook for the year.

Lyft surprised Wall Street with strong revenue, better-than-expected earnings and most importantly, an improved outlook for the year. 

The ride-hailing company had $867.3 million in revenue in the latest quarter, up 72% from the same period last year and beating…

New Post has been published on http://u.to/lmc5Dw

Oil rises on smaller-than-expected construct in U.S. crude shares

© Reuters. File photo of a worker walking past a pump jack on an oil field owned by Bashneft, Bashkortostan

By Mark Tay

SINGAPORE (Reuters) – Oil prices rebounded in Asian trade on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in stocks.

The American Petroleum Institute (API) reported a crude build of 1.4 million barrels for the week ended Sept. 9, smaller than the 3.8 million-barrel rise expected by analysts. The U.S. government will issue official inventory data on Wednesday.

futures were trading at $ 47.34 per barrel at 0103 GMT, up 24 cents, or 0.5 percent, from the last settlement.

U.S. West Texas Intermediate futures were up 29 cents, or 0.7 percent, at $ 45.19 a barrel.

Crude prices tumbled on Tuesday after the International Energy Agency (IEA) said slowing oil demand growth amid growing inventories and supplies could signal that the market will be oversupplied at least through the first half of 2017.

“Oil came under heavy selling after the EIA released its monthly report showing it expected the surplus in the market to persist well into 2017,” Australian bank ANZ said in a note. “Weaker oil prices are likely to weigh on the sector, with investor appetite remaining weak.”

Gains in crude prices could also be capped by rising crude exports from Libya after the country’s National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Haftar.

Libyan production could be raised to 600,000 barrels per day (bpd) from about 290,000 bpd within a month, further adding to the global crude supply glut.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/lmc5Dw

Oil rises on smaller-than-expected construct in U.S. crude shares

© Reuters. File photo of a worker walking past a pump jack on an oil field owned by Bashneft, Bashkortostan

By Mark Tay

SINGAPORE (Reuters) – Oil prices rebounded in Asian trade on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in stocks.

The American Petroleum Institute (API) reported a crude build of 1.4 million barrels for the week ended Sept. 9, smaller than the 3.8 million-barrel rise expected by analysts. The U.S. government will issue official inventory data on Wednesday.

futures were trading at $ 47.34 per barrel at 0103 GMT, up 24 cents, or 0.5 percent, from the last settlement.

U.S. West Texas Intermediate futures were up 29 cents, or 0.7 percent, at $ 45.19 a barrel.

Crude prices tumbled on Tuesday after the International Energy Agency (IEA) said slowing oil demand growth amid growing inventories and supplies could signal that the market will be oversupplied at least through the first half of 2017.

“Oil came under heavy selling after the EIA released its monthly report showing it expected the surplus in the market to persist well into 2017,” Australian bank ANZ said in a note. “Weaker oil prices are likely to weigh on the sector, with investor appetite remaining weak.”

Gains in crude prices could also be capped by rising crude exports from Libya after the country’s National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Haftar.

Libyan production could be raised to 600,000 barrels per day (bpd) from about 290,000 bpd within a month, further adding to the global crude supply glut.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/lmc5Dw

Oil rises on smaller-than-expected construct in U.S. crude shares

© Reuters. File photo of a worker walking past a pump jack on an oil field owned by Bashneft, Bashkortostan

By Mark Tay

SINGAPORE (Reuters) – Oil prices rebounded in Asian trade on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in stocks.

The American Petroleum Institute (API) reported a crude build of 1.4 million barrels for the week ended Sept. 9, smaller than the 3.8 million-barrel rise expected by analysts. The U.S. government will issue official inventory data on Wednesday.

futures were trading at $ 47.34 per barrel at 0103 GMT, up 24 cents, or 0.5 percent, from the last settlement.

U.S. West Texas Intermediate futures were up 29 cents, or 0.7 percent, at $ 45.19 a barrel.

Crude prices tumbled on Tuesday after the International Energy Agency (IEA) said slowing oil demand growth amid growing inventories and supplies could signal that the market will be oversupplied at least through the first half of 2017.

“Oil came under heavy selling after the EIA released its monthly report showing it expected the surplus in the market to persist well into 2017,” Australian bank ANZ said in a note. “Weaker oil prices are likely to weigh on the sector, with investor appetite remaining weak.”

Gains in crude prices could also be capped by rising crude exports from Libya after the country’s National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Haftar.

Libyan production could be raised to 600,000 barrels per day (bpd) from about 290,000 bpd within a month, further adding to the global crude supply glut.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/lmc5Dw

Oil rises on smaller-than-expected construct in U.S. crude shares

© Reuters. File photo of a worker walking past a pump jack on an oil field owned by Bashneft, Bashkortostan

By Mark Tay

SINGAPORE (Reuters) – Oil prices rebounded in Asian trade on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in stocks.

The American Petroleum Institute (API) reported a crude build of 1.4 million barrels for the week ended Sept. 9, smaller than the 3.8 million-barrel rise expected by analysts. The U.S. government will issue official inventory data on Wednesday.

futures were trading at $ 47.34 per barrel at 0103 GMT, up 24 cents, or 0.5 percent, from the last settlement.

U.S. West Texas Intermediate futures were up 29 cents, or 0.7 percent, at $ 45.19 a barrel.

Crude prices tumbled on Tuesday after the International Energy Agency (IEA) said slowing oil demand growth amid growing inventories and supplies could signal that the market will be oversupplied at least through the first half of 2017.

“Oil came under heavy selling after the EIA released its monthly report showing it expected the surplus in the market to persist well into 2017,” Australian bank ANZ said in a note. “Weaker oil prices are likely to weigh on the sector, with investor appetite remaining weak.”

Gains in crude prices could also be capped by rising crude exports from Libya after the country’s National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Haftar.

Libyan production could be raised to 600,000 barrels per day (bpd) from about 290,000 bpd within a month, further adding to the global crude supply glut.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/lmc5Dw

Oil rises on smaller-than-expected construct in U.S. crude shares

© Reuters. File photo of a worker walking past a pump jack on an oil field owned by Bashneft, Bashkortostan

By Mark Tay

SINGAPORE (Reuters) – Oil prices rebounded in Asian trade on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in stocks.

The American Petroleum Institute (API) reported a crude build of 1.4 million barrels for the week ended Sept. 9, smaller than the 3.8 million-barrel rise expected by analysts. The U.S. government will issue official inventory data on Wednesday.

futures were trading at $ 47.34 per barrel at 0103 GMT, up 24 cents, or 0.5 percent, from the last settlement.

U.S. West Texas Intermediate futures were up 29 cents, or 0.7 percent, at $ 45.19 a barrel.

Crude prices tumbled on Tuesday after the International Energy Agency (IEA) said slowing oil demand growth amid growing inventories and supplies could signal that the market will be oversupplied at least through the first half of 2017.

“Oil came under heavy selling after the EIA released its monthly report showing it expected the surplus in the market to persist well into 2017,” Australian bank ANZ said in a note. “Weaker oil prices are likely to weigh on the sector, with investor appetite remaining weak.”

Gains in crude prices could also be capped by rising crude exports from Libya after the country’s National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Haftar.

Libyan production could be raised to 600,000 barrels per day (bpd) from about 290,000 bpd within a month, further adding to the global crude supply glut.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

New Post has been published on http://u.to/lmc5Dw

Oil rises on smaller-than-expected construct in U.S. crude shares

© Reuters. File photo of a worker walking past a pump jack on an oil field owned by Bashneft, Bashkortostan

By Mark Tay

SINGAPORE (Reuters) – Oil prices rebounded in Asian trade on Wednesday after falling by as much as 3 percent in the previous session, as data from an industry group showed a smaller-than-expected build in stocks.

The American Petroleum Institute (API) reported a crude build of 1.4 million barrels for the week ended Sept. 9, smaller than the 3.8 million-barrel rise expected by analysts. The U.S. government will issue official inventory data on Wednesday.

futures were trading at $ 47.34 per barrel at 0103 GMT, up 24 cents, or 0.5 percent, from the last settlement.

U.S. West Texas Intermediate futures were up 29 cents, or 0.7 percent, at $ 45.19 a barrel.

Crude prices tumbled on Tuesday after the International Energy Agency (IEA) said slowing oil demand growth amid growing inventories and supplies could signal that the market will be oversupplied at least through the first half of 2017.

“Oil came under heavy selling after the EIA released its monthly report showing it expected the surplus in the market to persist well into 2017,” Australian bank ANZ said in a note. “Weaker oil prices are likely to weigh on the sector, with investor appetite remaining weak.”

Gains in crude prices could also be capped by rising crude exports from Libya after the country’s National Oil Corporation (NOC) said on Tuesday it would immediately start working to resume crude exports from ports seized in recent days by forces loyal to eastern commander Khalifa Haftar.

Libyan production could be raised to 600,000 barrels per day (bpd) from about 290,000 bpd within a month, further adding to the global crude supply glut.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.