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Oil prices tread water in Asian trade

Last Updated: Monday, May 11, 2015, 09:25

US benchmark West Texas Intermediate for June delivery eased eight cents to USD 59.31 while Brent crude for June rose two cents to USD 65.41 in late-morning trade.

US job growth rebounds, keeps 2015 Fed rate hike in play

Last Updated: Saturday, May 9, 2015, 09:42

US job growth rebounded last month and the unemployment rate dropped to a near seven-year low of 5.4 percent, signs of a pick-up in economic momentum that could keep the Federal Reserve on track to hike interest rates this year.