Search Results for: OPEC
Oil hits five-week top on geopolitical tensions, strong demand
April 11th, 2017
Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya’s largest oilfield. Additional support also came from expectations of strong demand as the ...
Oil prices firm on strong demand, political uncertainty in Syria
April 10th, 2017
Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in U.S. drilling activity kept a lid on gains. Brent crude futures, the international benchmark for oil, were at $55.28 per ...
Oil prices fall on record U.S. crude stocks, rising production
April 6th, 2017
Oil prices fell on Thursday as record U.S. crude inventories underscored that crude markets remain bloated, despite efforts led by OPEC to cut output and prop up prices. Brent crude futures, the international benchmark for oil, were at $54.07 ...
Oil rises to near one-month high on gradual tightening of supplies
April 5th, 2017
Oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply outage at a field in the United Kingdom’s North Sea that feeds into an ...
Oil edges up on weaker dollar; Libya output return weighs
April 4th, 2017
Oil prices rose slightly on Tuesday due to a weaker dollar, though a rebound in Libyan production put pressure on the market and rising U.S. drilling signaled the potential for increased supply and capped price gains. International Brent crude ...
These factors will affect the oil price in the future
April 3rd, 2017
When oil price bottomed around $27 per barrel last year in February, many predicted a major reversal and the dark days for producers to be over. Yet, more than a year after the bottom, the oil market is struggling ...
Oil prices fall as U.S. rig count stokes oversupply worries
April 3rd, 2017
Oil futures dipped on Monday as a higher U.S. rig count indicated rising shale output and stoked worries about global oversupply, while a stronger dollar also pressured prices. International benchmark Brent futures slipped 15 cents, or 0.3 percent, to ...
Asia Stocks Climb as Xi-Trump Meeting Approaches: Markets Wrap
April 3rd, 2017
Chinese and Taiwanese markets are both closed for a holiday Event-laden week also includes U.S. jobs report on Friday Stocks in Asia rose at the start of a busy week that includes a meeting between Xi Jinping and Donald Trump ...
Oil dips after three-day rally, but support seen above $50 per barrel
March 31st, 2017
Oil prices eased on Friday as traders took profits following three days of straight gains on the expectation that an OPEC-led crude supply cut that was initially supposed to only last for the first half of the year would ...
Oil edges up on Libya disruptions, but bloated U.S. market still weighs
March 30th, 2017
Oil prices edged up on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inventories curbed gains. Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were ...
