Ships crossing from the Middle East to Europe must pass Yemeni strait of Bab el-Mandab.
The market consensus is for a hold of the current 4% rate.
Durable goods orders data disappointed and Chicago Fed president Charles Evans comments were dovish.
Bitcoin price plummets while 85% of businesses express doubts about cryptocurrency.
Ihor Kolomoisky removed from Dnipropetrovsk post over an oil firm dispute.
Chicago Fed's Charles Evans said low inflation would make a rate hike this year risky.
Libyan Islamist militants have pledged allegiance to Isis and carried out atrocities.
US oil magnate and BP Capital boss T Boone Pickens says the idea of 'peak oil' should not be dismissed.
Smith remains highly sceptical over shale oil extraction.
State-owned Aramco has an over 10% market share in China and now wants to boost supplies, says CEO Khalid Al-Falih.
If forecasters prove right, euro will rise to new highs later in the day.
US core CPI at 1.7% y/y in March vs 1.6% in February, consensus 1.6%.
Eurozone business activity has grown at the fastest rate for four years, Markit said.
German and eurozone Markit PMI data and CPI/PPI numbers from the UK are awaited in European session.
China HSBC/Markit manufacturing PMI falls to 49.2 in March from 50.7 in February.
US dollar has risen more than 25% against international currencies since summer 2013.
Prices could even dip beyond those levels for a brief period, warns oil expert and FGE chairman Fereidun Fesharaki.
Saudi Arabia's oil minister earlier said it is not sole responsibility of Opec to raise oil prices.
Five new oil reserves can ensure more than one month of supply in India in case of disruptions.
But gains could be short-lived, as rising supplies may weigh on prices again.
Goldman Sachs, UBS, Barclays, HSBC, Bank of Nova Scotia and SocGen to contribute to the new LBMA Gold Price benchmark.
US dollar is set to extend its rally against emerging market (EM) currencies over the next 12 months.
Tighter Fed policy will not cause much damage this time in India, according to ICICI Securities PD.
Potential suitors circling the Asian commodities giant, to take advantage of its recent share price drop.
The iconic second-hand car website is selling shares at 235p.
Allianz hedges a part of its stake in CPIC, locking-in profits from investments made in China's third-largest insurer.
State-owned Indian Oil and Hindustan Petroleum to import eight million barrels of Iraqi oil.
Markets continue to expect the Fed to keep its rate path divergence towards the hawkish side from other major central banks.
LME will work with the Turkish bourse to develop products for the steel market.
Turkey has launched a $10bn (£6.8bn) project to pipe Azeri gas to Western markets.