Search Results for: Crude oil
Dollar Extends Loss Amid Drone Concern, Oil Rises for Second Day
December 19th, 2016
China seized U.S. drone in international waters in Asia Japan shares fall for first time in three days as yen gains The dollar retreated versus most major peers, as heightened geopolitical tensions over China’s seizure of a U.S. naval ...
Oil prices rise as planned oil production cuts start to materialize
December 16th, 2016
Oil prices rose on Friday after Kuwait appeared to be lining up bigger supply cuts than had been initially expected from January as part of a coordinated effort by oil producers to drain a global glut. International Brent crude ...
Crude stocks down, though inventories up again in Cushing
December 15th, 2016
U.S. crude stocks fell last week as refineries hiked output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Wednesday. Crude inventories fell by 2.6 million barrels in the last week, compared with analyst ...
Asian Stocks, Dollar Steady as Fed Day Arrives; Crude Retreats
December 14th, 2016
Asian Stocks, Dollar Steady as Fed Day Arrives; Crude Retreats Odds of a rate hike Wednesday have been at 100% all month Crude snaps four-day OPEC rally after U.S. supplies rise Markets were subdued during the Asian day as ...
Oil prices stable, supported as output cuts hit market
December 13th, 2016
Oil prices were stable on Tuesday, buoyed by soaring demand in Asia and as signs of a crude production cut organized by OPEC and other exporters materialized, tightening a market that has been grappling with years of oversupply. International ...
Lukoil: Oil price of $60 per barrel will be dominant in 2017
December 12th, 2016
Lukoil expects that in 2017 oil prices will be around $60 per barrel, Vice President of Lukoil Leonid Fedun said on Friday. “If we analyze the history of such operations, within six months – year oil prices will rise ...
Oil Advances With Asian Stocks While Bonds, Korean Won Decline
December 9th, 2016
Bonds retreat after ECB says it will slow asset purchases European index futures little changed at the start of trading Oil rose a second day before a meeting between OPEC and other major producers on output cuts, as industrial ...
Crude imports by China will probably slow by more than 60 percent in 2017
December 8th, 2016
China demand growth seen slowing as space for stockpiles fills Asia’s biggest buyer also seen reining in private refiners One of the biggest engines soaking up the world’s oil is starting to sputter. Growth in crude imports by China, the second ...
Oil slips on doubts that output cut will be deep enough to end glut
December 7th, 2016
Oil prices slipped on Wednesday on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged markets for over two years. International Brent crude ...
Oil price heads to $55 despite expected output rise
December 6th, 2016
Russia and Saudi Arabia predicted to increase exports before agreed cuts start in January The oil price is powering on, adding to a 14 per cent advance since the middle of last week following the landmark deal from Opec ...
