Search Results for: opec
Yen strengthened as crude oil price tumbled
June 21st, 2017
Shanghai equities fluctuate while Hang Seng index retreats Crude oil price tumbled into bear market on supply glut concerns Asian shares retreated and the yen strengthened as crude oil tumbled into a bear market on concern a global supply ...
Oil prices hold near seven-month lows
June 20th, 2017
Oil prices held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support prices. Brent futures were up 4 cents at $46.95 at 0214 GMT. ...
Dollar holds advance; Japanese shares climbed to the highest since August 2015
June 20th, 2017
Dollar holds advance after Fed’s Dudley comments on rates path Hong Kong stocks erase gains before MSCI decision on A-shares Asian stocks advanced as technology shares continued a rebound and hawkish comments from a Federal Reserve official allayed concerns ...
What Traders said is the main factor driving oil prices lower?
June 19th, 2017
Oil prices dip on further rise in U.S. drilling, demand slowdown Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut ...
Oil prices down to near their lowest levels in seven months
June 15th, 2017
Oil prices wallowed near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over OPEC’s ability to implement production cuts. Brent crude futures were at $47.01 per barrel at 0222 GMT, virtually ...
Traders review: Yen little changed, Aussie jumped, New Zealand dollar fell
June 15th, 2017
Asian stocks retreated as banks slumped and oil touched the lowest level since November. Bonds rallied amid lingering inflation concerns even after Federal Reserve Chair Janet Yellen suggested weak readings won’t persist. The yen was little changed at 109.60 ...
Oil prices edges up on Saudi pledge to make real supply cuts
June 13th, 2017
Oil prices edged up early on Tuesday, lifted by statements that OPEC-leader Saudi Arabia was making significant supply cuts to customers, although rising U.S. output meant that markets remain well supplied. Brent crude futures LCOc1 were at $48.42 per ...
Russia, Saudis See Oil Inventories Falling After Price Drop
June 12th, 2017
Market to be balanced in first quarter of 2018: Russia’s Novak Saudi minister sees stockpiles falling faster in coming months A deal among oil-producing countries to curb production and balance an oversupplied market will achieve its objective in the ...
Oil prices pinned down by strong dollar, supply worries
June 9th, 2017
Oil prices were little changed on Friday, clawing back earlier declines, amid a variety of market impacts including a rising dollar as returns from the U.K election came in and concerns the ongoing concerted effort by Middle Eastern and ...
UK pound tumbled, Asian stocks and U.S. futures gain while yen and gold decline
June 9th, 2017
May’s Conservative party forecast to win without majority Asian stocks, U.S. futures gain while yen and gold decline It wasn’t a day to rival the Brexit vote. While the pound tumbled as the U.K. faces a hung parliament and ...
