Market Pulse - Commodities
Oil futures cut losses after weekly US inventory data
US oil and product inventories fell sharply during the latest reference week, government data showed.
S&P removes Tullow Oil from CreditWatch, but keeps negative outlook
Standard&Poor´s took Tullow Oil´s debt off its list of corporate debt instruments which were facing an immediate risk of a debt downgrade, but cautioned that the oil explorer was still facing operational risks at its two key projects, in Ghana.
Commodities: Saudi Arabia not bent on flooding oil markets, reports say
Gains in energy and agricultural futures offset losses in metals, with the former boosted by reports that Saudi Arabia´s new energy minister would seek to mend fences with other producer countries at Thursday´s OPEC ministerial meeting.
Brazilian GDP falls by less than expected in the first quarter
Brazil´s economy continued to shrink at the start of the year with private consumption registering a steep drop, but some economists were optimistic that the worst may now lie behind.