Search Results for: West Texas Intermediate
Oil rises after drop in U.S. gasoline stocks, but market remains bloated
February 9th, 2017
Oil prices rose on Thursday, boosted by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remain under pressure. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.41 ...
Oil prices slump
February 8th, 2017
Oil prices slump on bloated U.S. fuel inventories, stalling China demand Oil prices dropped on Wednesday to extend falls from the previous day, as a massive increase in U.S. fuel inventories and a slump in Chinese demand implied that ...
Oil prices edge up on Iran tensions, but rising U.S. drilling caps gains
February 6th, 2017
Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and on concerns that new U.S. sanctions against Iran could be extended to affect crude supplies. But markets were held back by more ...
Oil edges up on threat of U.S. issuing new Iran sanctions
February 3rd, 2017
Oil prices edged up on Friday on news that U.S. President Donald Trump could be set to impose new sanctions on multiple Iranian entities, firing geopolitical tensions between the two nations. Comments by Russian energy minister Alexander Novak that ...
Yen fell as the central bank moved to reassert control over rising yields
February 3rd, 2017
Shanghai shares slip as trading resumes after holiday Focus turns to U.S. jobs as investors seek clues on economy Japanese government bonds swung and the yen fell as the central bank moved to reassert control over rising yields, while ...
Dollar Falls as Fed Path Assessed; Stocks Retreat: Markets Wrap
February 2nd, 2017
Investors scrutinize results from Facebook to Deutsche Bank Fed policy statement does little to alter views on rate hikes The dollar slumped against most of its major peers after the Federal Reserve gave dollar bulls little to be optimistic ...
Oil prices dip as rising U.S. supplies offset OPEC cuts
February 1st, 2017
Oil dipped on Wednesday, weighed down by ongoing high supplies despite an OPEC-led production cut, but prices remained within a narrow trading band that has been in place since late January. Brent crude futures LCOc1, the international benchmark for ...
Dollar Hits 12-Week Low on Trump, Nikkei to Slide: Markets Wrap
February 1st, 2017
Dollar strengthens after falling Tuesday on Trump comments Japan shares erase early losses while Hong Kong stocks slump Asian stocks were mostly higher while the dollar stabilized after its worst month since March as investors weighed the impact of ...
Oil prices fall as rising U.S. output offsets OPEC-led cuts
January 31st, 2017
Oil prices fell on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures LCOc1, the international benchmark for oil prices, were ...
Oil prices dip as rising U.S. output offsets OPEC-led cuts
January 27th, 2017
Oil prices dipped on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. Brent crude futures LCOc1, the international benchmark for oil prices, ...
