UK oil firms do not see Brent crude recovering to a sustained level of $75-80 per barrel until 2020.
Investors awaiting release of US Labor Department's non-farm payroll data for May.
Oil prices rebound to end up after a weekly report revealed a decline in US crude oil inventories.
The JPMorgan global manufacturing PMI declined to 50.0 for May, indicating stagnation.
This redundancy move will help achieve annual savings of €450m by 2019.
Riyadh reportedly in favour of imposing ceiling on Opec's collective crude output to support weak prices.
The meager gains were helped by a bounce in oil prices and better-than-expected manufacturing data.
Opec ministers debate oil market supply and demand ahead of expected policy decision.
A buy-to-let slowdown and EU referendum fears have put some investors off house builders in Britain.
The private Caixin/Markit survey showed that activity at China's factories contracted for the month of May.
The Dow Jones Industrial Average posted its first four-month winning streak since June 2014.
Goldman's report says there is a 70% chance that MSCI, will include mainland Chinese shares in its indexes.
Nasqad deemed community hub could be considered to be 'aiding and abetting' the distribution of illegal substances.
Yellen had said that interest rates could be increased in the coming months.
US reports positive data on durable goods, pending home sales and initial jobless claims.
Fed Chair Janet Yellen is expected to speak as she accepts an award at Harvard University on 27 May.
With the return of BBC's Top Gear, IBTimes UK advises on investing in sports car manufacturers.
Brent crude hits $50 as stronger demand in Russia and China and disruptions in Canada boost prices.
Oil prices got a boost after US said crude inventories fell 4.2 million barrels in the week to 20 May.
Oil surged to over $49 a barrel to hit new highs in 2016.
April new home sales in the US stood at 619,000 units, marking the highest level since January 2008.
US stocks end with gains of more than 1% for their best day since March.
Investors are looking forward to the 27 May speech by Fed Chair Janet Yellen.
The three major averages shed less than 10 points each, closing off session gains to end slightly lower.
The Japanese Nikkei traded lower after ministry of finance data revealed a fall in exports.
Iran's deputy oil minister said Tehran will target boosting crude exports to pre-sanctions levels.
Asian investors were muted to the hawkish comments from US Federal Reserve.
The S&P 500 erased gains from 2016 as Nasdaq barely clings on to gains made so far this year.
Many US Fed committee members said it would be 'appropriate' to increase interest rates in June.
Wall Street's largest investment bank still upgraded it's commodities to 'neutral' for the next 3-month period.