OIL

The trend in Asian markets also follows renewed confidence in China's economy.

Economists suggested that China might report a $10.5bn fall in its foreign exchange reserves in January.

Oil giant's fourth quarter profits misses expectations on $500m worth of impairment costs.

Khalid al-Falih plays down Trump election promises to make the US independent of the world's oil cartels.

Precious metals rise led by gold and oil futures return to positive turf.

Donald Trump said he would instead consider one-on-one trade deals with various Asian countries.

Yellen said it 'makes sense' for the US central bank to raise interest rates gradually.

The US president-elect said the dollar was very strong, prompting it to fall to a one-month low.

The markets are also awaiting policy pointers after Donald Trump's inauguration as US president.

China's exports in dollar terms declined 7.7% on-year in 2016.

Nato allies right to worry about Russia, says Tillerson, as he urges dialogue while laying out foreign policy priorities.

Investors are keen to know Trump's stance on various policies including taxes and infrastructure spending.

The rising Russian ruble and commodity stocks earned some $29bn for the nation's oligarchs.

Most US indices slipped ahead of US President-elect Donald Trump's news conference on Wednesday.

The Alabama senator is set to begin his confirmation hearings on 10 January.

Brent, WTI futures see near 3% falls as US rig count data points to rising shale production.

US stocks ended higher on Friday amid optimism over US President-elect Donald Trump's plan on taxes and spending.

Axing of £1bn green tech fund shows government 'disregarded their own promises,' opposition says.

Donald Trump said Toyota will face a 'big border tax' on cars built in Mexico for the US market.

A survey showed that China's services sector had grown to a 17-month high in December.

Average cost of unleaded petrol rises by more than 3p to 117.9p in December.