Search Results for: crude
Oil prices surge after Saudi air strikes in Yemen
March 26th, 2015
Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, but the benchmark later came off its high near $60 as importers saw no immediate threat to supplies. The strike against ...
Asia stocks down on weak data, Wall Street dive
March 26th, 2015
Asian stock markets mostly fell Thursday, battered by weak U.S. economic data and Wall Street’s retreat from near record highs. KEEPING SCORE: Japan’s Nikkei 225 fell 1.2 percent to 19,508.88 while Hong Kong’s Hang Seng added 0.1 percent to ...
Asian shares wobble as China PMI weighs
March 24th, 2015
An index of Asian shares wobbled between positive and negative territory on Tuesday after a measure of Chinese factory activity unexpectedly skidded to an 11-month low, pointing up weakness in the economy. The flash HSBC/Markit Purchasing Managers’ Index (PMI) ...
Oil prices down as Opec remains stern about production levels
March 23rd, 2015
Oil prices declined further after Saudi Arabia’s oil minister said it is not the sole responsibility of Opec to raise oil prices in further indication that the biggest oil exporter has no plans to reduce oil production. Despite the ...
Asian markets up after Wall Street gains
March 23rd, 2015
Asian stock markets rose Monday following Wall Street’s gains amid expectations global central banks will hold off raising interest rates. KEEPING SCORE: The Shanghai Composite Index rose 1.2 percent to 3,659.11 points and Tokyo’s Nikkei 225 gained 1.1 percent ...
Asia stocks stall as Fed-inspired lift peters out, dollar steady
March 20th, 2015
Asian stocks stalled on Friday as Federal Reserve-inspired gains petered out, while the dollar steadied after rebounding from the shock of a surprisingly dovish U.S. central bank. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS edged down 0.1 ...
Oil Slump Extends to a Fifth Week as Global Glut Seen Expanding
March 20th, 2015
Oil trading near the lowest price in six years is headed for a fifth weekly drop amid signs the global supply glut is worsening. Futures were little changed in New York after falling for the seventh time in eight ...
OPEC to keep production steady as oil rally falters
March 19th, 2015
The Organization of Petroleum Exporting Countries (OPEC) has ‘no choice’ but to maintain its current production level of 30 million barrels per day, according to Kuwait’s oil minister Ali al-Omair. Both Brent and WTI rallied briefly on Fed comments ...
Norway Signals Reduction After Unexpectedly Holding Rate
March 19th, 2015
Norway’s central bank unexpectedly left interest rates unchanged and signaled another cut to protect the economy against a plunge in oil prices. The krone surged. The overnight deposit rate was kept at 1.25 percent, the Oslo-based bank said. The ...
Gulf Markets Drop As U.S. Oil Hits 6-Year Low
March 19th, 2015
Stock markets across the Gulf fell sharply on Wednesday after U.S. crude futures dropped to a fresh six-year low and Brent oil also edged down. U.S. oil futures dropped about three per cent and traded just above $42 per ...
