Global miner Rio Tinto agreed on Monday to sell its Americas food-packaging assets for $1.2 billion to packaging group Bemis Co, raising yet more much-needed cash for the indebted miner.

Oil fell towards $65 a barrel on Monday, extending last week's near 4 percent drop, as weak economic data continued to cast doubt over the prospects of a global economic recovery and energy demand.

PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.

OPEC is satisfied with the current crude oil price, the president of the Organization of Petroleum Exporting Countries, Angolan Oil Minister Jose Botelho de Vasconcelos said on Friday.

Global stocks were mixed Friday as investors sought refuge after worse-than-expected U.S. jobs data. Trade was also thin due to the U.S. celebrating the long Independence Day weekend. Experts tell CNBC trade will be thin throughout the summer and now could be time to avoid volatility.

Global stocks were mixed on Friday after Wall Street's overnight selloff as the U.S. June jobs report came in worse than expected, reviving fears that the global economy is far from recovering. Experts tell CNBC how to invest under the threat of inflation.

Global miner Rio Tinto wrapped up one of the world's biggest rights issues on Friday, saying its Australian shareholders had taken up 94.76 percent of their entitlements to the new shares.

Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.

After months of wondering whether the recovery is for real, investors may get the chance to find out when second-quarter earnings start rolling in.

Americans will be throwing more hot dogs and hamburgers on their backyard grills rather than higher-priced meat like steaks this July 4  holiday as the recession and high unemployment crimp celebrations.

The oil market is over-supplied, said Joe Petrowski, the CEO of Gulf Oil on Thursday. As oil stocks approach a 29-year high, the fundamental supply-side of the market has never been more bearish, he said.

A rogue trader has left a London-based oil brokerage with losses of almost $10 million following a series of unauthorized trades two days ago believed to have caused a spike in global crude prices.

Global stocks were lower on Thursday ahead of the U.S. nonfarm payrolls report for June and the European Central Bank's rate and policy decisions. Experts tell CNBC to expect a small pullback in the short term.

Swelling gasoline stockpiles and a far bigger than expected rise in U.S. unemployment drove oil markets down more than $2 to settle below $67 a barrel Thursday.

Global miner Rio Tinto has pulled off one of the world's biggest rights issues, revealing on Thursday that shareholders had stumped up for almost all of its London shares on offer under the $15.2 billion issue.