Search Results for: crude
Asian stocks mixed on possible December rate hike
November 5th, 2015
Asian stocks put up a mixed performance on Thursday, after Federal Reserve chair Janet Yellen said that December’s monetary policy meeting would be a “live possibility” for a rate hike if upcoming economic data were supportive. Yellen was testifying before the ...
Oil prices slide on profit-taking, but supply risks support
November 4th, 2015
Oil prices slipped in thin trading on Wednesday as investors took profits from the previous session’s rally, while potential supply disruptions in the United States, Brazil and Libya curbed losses. Brent futures for December delivery had fallen 4 cents ...
Asian stocks rejoice at offshore gains, Japan Post debut
November 4th, 2015
Asian stocks rose sharply on Wednesday, as a confluence of factors including a stellar market debut from Japan Post’s units in Tokyo fueled risk appetite in the region. A fifth straight day of gains for energy counters alongside a ...
Oil Price Paradox: Gasoline Could Be Even Cheaper
November 3rd, 2015
The price of gasoline is declining more slowly than oil, illustrating how consumers aren’t fully benefiting from falling commodities prices. Typically, gas prices go up and down in tandem with crude oil, the main ingredient. But recently, oil prices ...
Asian Stocks Track S&P 500 Gains; Aussie Rises as RBA Stays Put
November 3rd, 2015
Stocks rise from Sydney to Seoul as holiday closes Tokyo S&P 500 topped 2,100, back to pre-yuan devaluation levels Asian stocks climbed after signs of stabilization in global manufacturing activity helped drive the Standard & Poor’s 500 Index to ...
Saudi Arabia reacts sharply to S&P downgrade of kingdom’s debt rating
November 2nd, 2015
Saudi Arabia yesterday reacted sharply to Standard & Poor’s move to downgrade the kingdom’s debt rating. The debt rating agency said it would downgrade Saudi Arabia’s long-term rating a notch, from AA- to A+ with “a negative outlook”, citing ...
Oil prices drop on China demand worries
November 2nd, 2015
Oil prices fell in Asian trading hours on Monday as analysts expected weaker demand from China in upcoming months. Benchmark U.S. crude futures CLc1 had dropped 24 cents from their last settlement to $46.36 per barrel by 0232 GMT. ...
UAE petrol prices to drop to subsidised levels in November
October 29th, 2015
Most drivers will pay less for petrol next month than they did when fuel was subsidised. Super will cost Dh1.81 a litre, Special Dh1.70 and diesel Dh1.87 – all cheaper than in July. E Plus will cost Dh1.63, only ...
Oil Prices Post Largest Gain in Nearly Two Months
October 29th, 2015
Prices rise on new option to send U.S. oil to Mexico and smaller-than-expected stockpile addition The benchmark U.S. oil price soared to its largest gain in two months, as traders rushed to close bearish bets following news that the ...
Global Stocks Fall Ahead of Fed Meeting
October 27th, 2015
Global stocks fell Tuesday as investors looked ahead to the conclusion of the Federal Reserve’s two-day policy meeting on Wednesday. The Stoxx Europe 600 was down 0.6% in early trade after U.S. stock markets mostly fell Monday on lower ...
