prices-jumped

Oil jumps to 2016 highs as dollar drops on Fed decision

By Barani Krishnan NEW YORK (Reuters) – Oil prices jumped about 3 percent on Wednesday, hitting new highs for 2016 as the dollar weakened after the Federal Reserve announced it would leave U.S. interest rates unchanged. Oil had risen early, the day after an industry group said U.S. crude inventories had dropped in the latest week. In early afternoon, the Fed announced it was leaving interest rates unchanged, and issued a statement implying it

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Oil jumps to 2016 highs as dollar drops on Fed decision

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U.S. agency rejects Boeing protest of Northrop bomber contract

A U.S. government agency on Tuesday rejected a protest filed by Boeing Co and Lockheed Martin Corp against a multibillion-dollar bomber contract awarded to Northrop Grumman Corp by the U.S. Air Force in October. The decision by the U.S. Government Accountability Office marked another setback for Boeing, which is facing job cuts in its commercial division and a reported federal investigation into whether it properly accounted for two jetliners, the 747 and 787. Ralph White, GAO's managing associate …

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U.S. agency rejects Boeing protest of Northrop bomber contract

prices-jumped

Oil loses nearly 4 percent as hopes over Saudi, Russia deal fade

Brent oil fell almost 4 percent on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output …

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Oil loses nearly 4 percent as hopes over Saudi, Russia deal fade