OPEC and other nations extend output cuts

The sharp rise in the United States shale gas pushed up global crude stocks to record highs and kept prices subdued. By 1430GMT, Brent crude was 0.7 per cent down at around $53.50 per barrel, having pared earlier losses after the Opec said it would not deepen the cuts or extend them by as long as 12 months.

Gianforte charged with assaulting reporter

The sheriff's office said Gianforte has until June 7 to appear in court on the charge. Gianforte , who has tried to align himself with Trump, said the reporter was being aggressive and grabbed him by the wrist. Ben Jacobs , a reporter for the Guardian who said Gianforte attacked him after he asked the candidate a policy question, "did not sustain serious bodily injury" according to Montana's statute, Gootkin said.

Nigeria lucky again as OPEC extends oil output cut by 9 months

The price of oil slumped $1.03 a barrel to $50.33 in NY trading Thursday, seemingly on the realization among investors that the extension is unlikely to substantially boost prices in the longer term. "We will continue to monitor the situation". A statement said that the committee, while praising how producers had adhered to the deal so far, also "recommend further adjustment actions, if deemed necessary".

Oil remains weak after OPEC-led output cut extension falls below expectations

Prices should rise toward $60 over year-end, with OPEC having answered market expectations with the extension to the production cuts, according to Citigroup's Christopher Main. As OPEC's key oil ministers talked up the possibility of extending cuts again on Thursday, U.S. oil prices edged up slightly but were still down $2.02 to $49.34 a barrel on the New York Mercantile Exchange .

China stocks calm after volatility from rating downgrade; Hong Kong flat

The finance ministry denied that growth would suffer while a front-pade editorial in the People's Daily called Moody's "sloppy" and said the agency decision was based on inappropriate methodology, exaggerating difficulties facing the economy and underestimating the government's reform efforts.

Asian shares gain, tracking Wall St advance, oil price rally

While this should be positive for the dollar , the market reaction was to sell off the greenback and US Treasury yields fell immediately after the FOMC minutes. The central bankers made that clear in the minutes from their 2-3 May meeting, which were released Wednesday. KEEPING SCORE: The Nikkei 225 stock index in Tokyo climbed 0.4 percent to 19,821.44 and Hong Kong's Hang Seng jumped 0.7 percent to 25,598.44.