Search Results for: crude futures
Oil prices recovered on Thursday
March 23rd, 2017
Oil prices recovered on Thursday from losses chalked up the session before, but the market remained under pressure as bloated U.S. crude inventories and rising output dampen OPEC-led efforts to curb global production. Brent crude futures, the international benchmark ...
Oil prices drop on rise in U.S. drilling
March 20th, 2017
Oil prices fell on Monday as rising U.S. drilling activity and steady supplies from OPEC countries despite touted production cuts pressured already-bloated markets. Prices for benchmark Brent crude futures were 29 cents, or 0.56 percent, below their last settlement ...
Oil prices hit 3-month low as U.S. rig count climbs
March 13th, 2017
Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had fallen 39 cents, or 0.8 percent, to at $50.98 ...
Oil moves cautiously higher, remains under $50-a-barrel
March 10th, 2017
Oil prices looked set to stabilize on Friday, but remained below a key support level as investors remained wary over rising U.S. crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in AprilCLJ7, ...
Oil prices claw back some ground after plunging to year lows
March 9th, 2017
Oil prices attempted a slight rebound Thursday on the heels of plunging to their lowest levels in a year after weekly data which showed a higher-than-expected build-up in U.S. inventories. On the New York Mercantile Exchange, light, sweet crude ...
Oil prices fell in Asian trade on Monday
March 6th, 2017
Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing concern over Russia’s compliance with a global deal ...
U.S. oil ticks up for 2nd day on record OPEC output cut compliance
February 28th, 2017
U.S. crude oil edged higher for a second day on Tuesday, underpinned by high compliance with OPEC’s production cuts even as the market remains anchored by rising U.S. production. The Organization of the Petroleum Exporting Countries (OPEC) has so ...
Asian Stocks Rise, Bonds Slip Before Trump Speech: Markets Wrap
February 28th, 2017
Odds for U.S. interest rate hike in March rise to 50% Trump speech Tuesday to be scrutinized for spending plans Asian stocks erased gains as a rally in Tokyo faltered and the yen strengthened ahead of Donald Trump’s address ...
Oil prices creep higher, but overshadowed by U.S. supply
February 20th, 2017
Crude futures traded slightly higher on Monday, but the market struggled on signs that the U.S. oil production is on a steady uptrend, which could potentially thwart ongoing efforts by multiple oil producers to curb global supply. On the ...
Asia Shares Gain as Yen Weakens; Unilever in Focus: Markets Wrap
February 20th, 2017
Kraft Heinz withdraws its $143 billion bid for Unilever U.S. stock and bond markets closed Monday for President’s Day Asian stocks rose, as Tokyo shares erased morning losses after the yen weakened and Hong Kong equities resumed a rally. ...
