Search Results for: OPEC
Asian stocks drop as investors avoid risk before Yellen speech
August 26th, 2016
Asian stocks extended their weekly loss on Friday (Aug 26) ahead of a speech by Federal Reserve Chair Janet Yellen later in the day that may shed light on the US interest-rate outlook. The yen meandered after Japanese consumer ...
Oil prices dip as focus returns to global supply overhang
August 25th, 2016
Crude prices dipped on Thursday as brimming U.S. and Asian fuel inventories returned investor attention to a large global supply overhang, cutting short a price-rally and restricting Brent crude futures to below the $50 a barrel mark. International benchmark ...
Brent oil hovers above $50 on signs of a tighter market
August 19th, 2016
Oil prices headed higher on Friday morning, even amid some profit taking profit-taking in Asia, with Brent prices pushing past $51 a barrel, underscoring the investors’ belief that oil market is tightening. On the New York Mercantile Exchange, light, ...
Brent crude oil prices dip on prospect of record Saudi output
August 18th, 2016
Oil prices dipped in early trading on Thursday as the prospect of record Saudi output weighed on markets and as traders cashed in on profits following an almost uninterrupted price rally this month of nearly 20 percent. International Brent ...
Dollar Weakens on Fed Outlook as Emerging-Market Shares Advance
August 18th, 2016
Yen breaks 100 after Fed minutes as jobs data boosts Aussie Mongolia’s tugrik stabilizes after interest rate hiked to 15% Emerging-market shares rallied with European stock index futures and the dollar fell versus all of its major peers after minutes ...
Oil price heads for $50 after Russia stokes output-deal rumour
August 16th, 2016
Energy minister Alexander Novak pumps up hopes ahead of production talks next month Oil has enjoyed its best three-session gain for four months and the benchmark that sets prices in the North Sea is moving towards $50 a barrel ...
Asia mostly lower as oil retreats further; BOK keeps rates steady
August 11th, 2016
Asia markets were mostly lower on Thursday following U.S. losses, with sentiment likely driven by Wednesday’s oil price falls and anticipation of another data deluge from China on Friday. In Australia, the benchmark ASX 200 slid 35.71 points, or 0.64 percent, ...
Oil prices fall on U.S. crude inventory build, record Saudi output
August 11th, 2016
Oil prices fell early on Thursday as a build in U.S. crude inventories and record Saudi Arabian production weighed on markets. U.S. West Texas Intermediate (WTI) crude futures CLc1 were trading at $41.34 per barrel at 8.32 p.m. ET, ...
Oil dips on oversupply; calls for producer meeting met with scepticism
August 10th, 2016
Oil prices dipped on Wednesday as a global supply overhang weighed on markets, while talk of a potential producer meeting to discuss propping up prices lent some support but was met with scepticism by analysts. U.S. West Texas Intermediate ...
Asia shares up as yield hunt drives record flows, pound slips
August 9th, 2016
Asian shares stood atop one-year peaks on Tuesday as investors’ desperate search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK. Analysts ...
