Search Results for: OPEC
Oil prices extend gains after drop in U.S. stockpiles
March 16th, 2017
Crude oil prices rose on Thursday to extend gains from the previous session after official government data showed U.S. stockpiles had eased from record highs. Prices surged on Wednesday after a slew of market reports and official data offered ...
Oil prices jump after data shows surprise U.S. stock draw
March 15th, 2017
Oil prices rebounded from three-month lows on Wednesday after industry data showed a surprise drawdown in U.S. crude stockpiles and as Goldman Sachs put a positive spin on OPEC‘s compliance with output cuts. U.S. West Texas Intermediate crude CLc1 ...
Asian Stocks Follow U.S. Lower Amid Wild Oil Swing: Markets Wrap
March 15th, 2017
Stockpiles report reverses oil drop tied to Saudi output Equities from Singapore to Tokyo slip ahead of Fed decision Crude oil whipsawed on production and stockpiles reports, while most Asian markets followed U.S. equities lower and the dollar slipped ...
Crude oil hovers near three-month lows as investors await data
March 14th, 2017
Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) CLc1 ...
Asian Stocks Mixed Before Fed as Yen Fluctuates
March 14th, 2017
Japan’s Topix index drops, while Chinese equities advance Yield on 10-year Treasury near highest level of the year Asian stocks were mixed with Treasuries trading near the highest level this year as investors anticipated a near-certain rate hike from ...
Oil prices hit 3-month low as U.S. rig count climbs
March 13th, 2017
Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had fallen 39 cents, or 0.8 percent, to at $50.98 ...
Asian Stocks Gain, Oil Slides Before Fed and BOJ: Markets Wrap
March 13th, 2017
U.S. jobs data set stage before central bank policy decisions Crude drops for sixth straight day amid jump in U.S. supplies Asian equities rose and the dollar weakened as a positive U.S. jobs report helped investors position for a ...
Oil moves cautiously higher, remains under $50-a-barrel
March 10th, 2017
Oil prices looked set to stabilize on Friday, but remained below a key support level as investors remained wary over rising U.S. crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in AprilCLJ7, ...
Asia stocks firm ahead of U.S. jobs, dollar hits one-and-half-month high vs yen
March 10th, 2017
Asian stocks edged up and the dollar rose to 1-1/2-month highs versus the yen on Friday, ahead of the closely-watched U.S. non-farm payrolls report due later in the day. MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.2 ...
Oil prices claw back some ground after plunging to year lows
March 9th, 2017
Oil prices attempted a slight rebound Thursday on the heels of plunging to their lowest levels in a year after weekly data which showed a higher-than-expected build-up in U.S. inventories. On the New York Mercantile Exchange, light, sweet crude ...
