Search Results for: opec
Oil futures supported by weaker dollar, but bloated supply still weighs
March 28th, 2017
Oil prices rose on Tuesday, supported by a weak dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut is big enough to rebalance the market. Prices for front-month ...
Oil edges up as Saudis cut supplies to U.S., but global glut remains
March 24th, 2017
Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Benchmark Brent crude futures LCOc1 were ...
Yen lost 0.4 percent to dollar in Tokyo after eight days of gains
March 24th, 2017
U.S. futures gain as Republicans prepare for health-care vote Japanese equities lead gains in Asia Pacific stock markets Caution during U.S. trading hours abated in Asia as the yen weakened and stocks climbed. Japan’s Topix index recovered some of ...
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 ...
Asia Stock Selloff Eases as Yen Weakens With Gold: Markets Wrap
March 23rd, 2017
Japan’s Topix fluctuates after biggest decline since November 10-year Treasury yields steady after four days of losses A global equities selloff that spurred the biggest drop in Japanese shares since Donald Trump’s election eased as demand for haven assets ...
Oil prices fall on bloated U.S. crude storage
March 22nd, 2017
Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. Prices for front-month Brent crude futures, the international benchmark for oil, were ...
Oil drops as U.S. drilling growth
March 21st, 2017
U.S. shale producers boost rig count for ninth straight week Libya’s Es Sider, Ras Lanuf oil ports poised to resume shiping Oil fell as a Libyan port is set to resume shipments and the U.S. drilling revival undermines the ...
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 ...
Dollar Slides Fourth Day, Asian Stocks Are Mixed: Markets Wrap
March 20th, 2017
Australia 10-year bond yield slides for fifth day in six New Zealand shares tumble, yen maintains last week’s strength A gauge of the U.S. dollar headed for its longest losing streak since Donald Trump won the election, while stocks ...
Oil prices mark time, set for small weekly rise
March 17th, 2017
Oil prices were little changed in early Asian trade on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supply overhang. Brent crude was up 5 cents, or 0.1 ...
