Search Results for: crude
Oil prices dip on caution ahead of U.S. jobs data
September 4th, 2015
Oil prices eased on Friday as investors turned cautious ahead of U.S. jobs data that is expected to play into the Federal Reserve’s decision on the timing of any U.S. rate hike. Oil stuck to a narrow range and ...
OPEC oil output in Aug falls from record on Iraq disruption – survey
September 3rd, 2015
OPEC oil output fell in August from the highest monthly level in recent history, a Reuters survey found on Wednesday, as disruptions to flows on Iraq’s northern pipeline halted supply growth from the group’s second-largest producer. Largely stable output ...
Asian Shares Rise, China Markets Closed for Holiday
September 3rd, 2015
U.S. markets regained some footing overnight Asian markets were mostly higher on Thursday, led by a strong performance in Japanese stocks after U.S. markets restored some stability to a region rocked by volatility. Japan’s Nikkei was 1.5% higher at around midday, ...
Oil retreats more than $5 on weak data, eroding 25 percent rally
September 2nd, 2015
Oil prices plummeted on Tuesday, settling 8 percent lower, as weak Chinese data extended a roller-coaster run that knocked oil to its lowest in 6-1/2 years last week before frenzied short-covering fueled a 25 percent three-session surge. The past ...
Cooperation holds the key to oil’s future
September 1st, 2015
OPEC Bulletin Commentary July-August 2015 International crude oil prices in July suffered their largest monthly decline since Lehman Brothers collapsed in the United States in 2008, marking the onset of the global financial crisis. Today’s continuing pressure on prices, brought ...
Oil prices drop 3 percent as investors retreat from overnight gains
September 1st, 2015
Oil prices fell nearly 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S. crude soared more than 8 percent in the previous session. Both Brent and U.S. crude prices ...
Qatari trade surplus falls in July due to oil and gas price volatility
August 31st, 2015
Qatar’s trade surplus fell last month, largely because of tumbling oil and gas prices. It dipped 1.4 per cent from June to 14.3 billion Qatari riyals (Dh14.4bn) and plunged 55.6 per cent from July last year, according to a government report ...
Why So Much Oil Price Volatility? Blame The Speculators
August 31st, 2015
Oil prices crashed last week only to rebound at lightning speed. On August 28, oil prices surged 10 percent, the largest one-day gain in seven years. So, what happens next for oil prices? On the face of it, the ...
Middle Eastern Stocks Rally Led by Oman After Oil-Price Rebound
August 31st, 2015
Muscat’s MSM30 Index advanced the most since January Brent crude capped the best week since 2009 on Friday Omani stocks led a rally in most equity markets across the Middle East after oil prices had the biggest-weekly jump in ...
Oil markets extend gains after biggest daily climb in six years
August 28th, 2015
Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies. U.S. crude are on track for their first weekly ...