Reuters

NEW YORK (Reuters) - Oil prices extended losses slightly from the previous session in early Asian trading on Wednesday after an industry report showed builds in U.S. crude and fuel stockpiles, adding to concerns around demand growth.

Brent crude futures fell 14 cents, or 0.2%, to $77.38 a barrel by 0005 GMT. U.S. West Texas Intermediate crude futures fell 18 cents, or 0.3%, to $73.07 a barrel.

Both contracts fell nearly a dollar in... (continue reading...)

TOKYO (Reuters) - Japan's service activity extended robust gains in May, a private sector survey showed on Wednesday, amid persistent inflationary pressures that have boosted expectations for another interest rate hike this year.

The final au Jibun Bank Service purchasing managers' index (PMI) dipped to 53.8 last month from 54.3 in April.

The index has remained above the 50-mark that separates contraction from expansion since September... (continue reading...)

By Lisa Baertlein

LOS ANGELES (Reuters) - Privately held SEKO Logistics said U.S. Customs and Border Protection (CBP) has conditionally reinstated its participation in two vital international trade programs, but still has not identified the violations that led to the suspensions.

The Illinois-based customs broker, which is seeking unconditional reinstatements, said on Tuesday that CBP has yet to provide any evidence or examples of... (continue reading...)

HOUSTON (Reuters) - Members of Venezuela's political opposition and the boards that supervise state-owned refiner Citgo Petroleum have met U.S. officials and lawmakers in recent days in a new effort to pause a court-ordered auction of shares to pay creditors, people close to the talks said.

A second bidding round for shares in Citgo's parent company PDV Holding is expected to close on Tuesday, the final step in a years-long process expected to result... (continue reading...)

By Hari Kishan

BENGALURU (Reuters) - The dollar's relentless strength in the recent past will make way for minor weakness over the next 12 months, according to FX strategists in a Reuters poll, who generally agreed the dollar was overvalued.

Analysts have been predicting dollar weakness just around the corner for months. But the greenback has continued to extend its dominance against most major currencies, with the dollar index up 2.9%... (continue reading...)