The oil market rallied on Tuesday morning as chatter emerged that Qatar, Venezuela, Saudi Arabia and Russia met to freeze output of oil at January levels. After the brief rally, oil resumed its bearish position as none of the oil producing countries bit the bullet and cut production. In the same vein, the oversupplied … More Freezing .., but goes lower . .
European stocks gained, U.S. index futures rebounded and oil rose as investors looked past concerns over global growth that sent shares and currencies lower in Asia. Equity markets in Europe advanced for a second day this week as companies including Credit Agricole SA and Schneider Electric SE reported better-than-estimated results. Treasuries and the yen pared … More European market brief . .