Search Results for: West Texas Intermediate
Yen Extends Slump on BOJ Move, Asian Stocks Advance: Market Wrap
January 27th, 2017
Mexican peso slides for second day, gold’s decline contines Greenback still set for monthly drop despite recent gains The yen extended its biggest decline in a week and Japanese bonds rose as the nation’s central bank stepped in to ...
Oil prices rose
January 26th, 2017
Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market. Brent crude futures ...
Asian Stocks Extend Rally After Dow Tops 20,000: Markets Wrap
January 26th, 2017
MSCI Asia Pacific Index trading at highest since July 2015 Gold extends decline while bonds and dollar remain steady A global equities rally gathered speed as Asian stocks climbed to the highest level since July 2015 after the Dow ...
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 ...
U.S. Stocks, Dollar Retreat as Trump Targets Trade: Markets Wrap
January 24th, 2017
Treasuries rise as Trump strikes protectionist tone on trade Crude slumps, gold rallies as haven trades back in focus U.S. stocks fell with the dollar while Treasuries gained as the Trump administration targeted reworking America’s trade relationships as investors ...
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 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 ...
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 ...