Search Results for: Brent
Oil eases on rising U.S. inventory, market looks to EIA data
January 25th, 2017
Oil edged lower on Wednesday as expectations of an increase in U.S. inventories weighed on the market, offsetting bullish momentum from output cuts announced by OPEC and other producers. Brent crude LCOc1, the international benchmark for oil prices, had ...
Oil market may balance this quarter: UBS report
January 24th, 2017
The oil market looks set to rebalance earlier than expected as OPEC members cut production, according to a report from UBS. OPEC oil output has reduced significantly since the production-cut agreement made in November. Saudi Arabia has reportedly cut ...
Oil prices edge up on market caution over OPEC cuts
January 23rd, 2017
Oil prices are edging up in Asia on Monday after the Organization of the Petroleum Exporting Countries said it was near its target of cutting 1.8 million barrels of crude oil a day, two months after committing to the ...
Oil prices rise amid weaker dollar, optimism over market tightening
January 20th, 2017
Crude futures gained traction on Friday, driven by a weaker U.S. dollar and signs of the market tightening after major oil producers agreed to cut output. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...
Oil Resumes Advance as Report Shows U.S. Crude Stockpiles Drop
January 19th, 2017
Nationwide supplies fell 5.04 million barrels last week: API OPEC making “tremendous efforts” to reduce output: Barkindo Oil resumed gains after the biggest drop in more than a week as industry data showed U.S. crude stockpiles declined, while OPEC ...
Asian shares down, dollar jumps on Yellen’s rate hike signal
January 19th, 2017
Asian shares slipped on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen signaled that the U.S. central bank is poised to pursue a path of interest rate hikes. The dollar had been grinding lower in recent ...
Oil rises on weaker dollar, U.S. production outlook caps gains
January 18th, 2017
Oil prices rose on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 17 cents at $52.65 ...
Oil prices mixed on Saudi commitment to cut output, investor scepticism
January 17th, 2017
Oil markets were mixed on Tuesday, supported by growth in U.S. crude production and Saudi Arabia saying it would strictly adhere to a commitment to cut output, but held back by scepticism in financial markets that oversupply would be ...
Oil prices edge up on weaker dollar, expected crude output cuts
January 16th, 2017
Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply. Brent crude futures LCOc1, the international benchmark for oil ...
Second Forex Dealer pleads guilty to conspiring to fix prices in the FX market
January 13th, 2017
A foreign currency exchange (FX) dealer became the second person to plead guilty to conspiring to fix prices in the FX market, the Justice Department announced today. According to the one-count information filed in the U.S. District Court for ...
