Search Results for: crude prices
Asia Stocks Gain Even as Topix Swings, Yen Rises: Markets Wrap
February 22nd, 2017
U.S. currency slipped earlier on Fed official’s rates comment Chinese shares in Hong Kong resume rally; oil extends gains Asian stocks rose as markets from Hong Kong to Singapore followed a rally in the U.S. The dollar pared earlier ...
U.S. oil holds near seven-week high; OPEC upbeat on output curbs
February 22nd, 2017
Oil prices held near multi-week highs on Wednesday after OPEC signaled optimism over its deal with other producers to curb output to clear a glut that has weighed on markets since 2014. The U.S. West Texas Intermediate April crude ...
Biggest gasoline glut in 27 years could crash oil markets
February 21st, 2017
Oil prices are stuck in a holding pattern, waiting for more definitive data on what comes next. OPEC compliance is helping keep prices afloat, but rising US oil production is acting as a counterweight. A new problem that has ...
Asia stocks consolidate recent gains; China shines
February 21st, 2017
Asian stocks held ground on Tuesday though Chinese equities surged to a fresh 2-1/2 month high as domestic funds piled into financial counters on expectations the world’s second biggest economy may have turned a corner. MSCI’s broadest index of ...
Oil firms as OPEC floats extended output cut; markets still bloated
February 17th, 2017
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude futures were trading at $55.76 per barrel at 0311 ...
Asia stocks at 19-month high, dollar up
February 15th, 2017
Asian stocks scaled 19-month peaks on Wednesday, helped by a record-setting night on Wall Street after Federal Reserve Chair Janet Yellen flagged a possible interest rate rise next month, keeping the dollar near three-week highs. Spreadbetters saw the boon ...
Oil rose on OPEC-led cuts, but market remains range-bound
February 14th, 2017
Oil rose on Tuesday, supported by an OPEC-led effort to cut output, but rising production elsewhere kept prices within the narrow range that has contained them so far this year. Brent crude futures LCOc1, the international benchmark for oil ...
Dollar slumps, yen strengthens
February 14th, 2017
Dollar slumps after Flynn resigns as national security adviser Japan shares fall as yen strengthens; Hong Kong equities swing Japanese stocks fell, taking the momentum out of a global rally after U.S. benchmarks surged to a fresh round of ...
Oil rises after drop in U.S. gasoline stocks, but market remains bloated
February 9th, 2017
Oil prices rose on Thursday, boosted by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remain under pressure. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.41 ...
Yen climbs after the nation’s central bank move
February 8th, 2017
Yen climbs, Oil Slumps Before India Rates Decision Japan currency reverses loss as BOJ offers to buy bonds Energy shares decline as crude falls for third straight day The yen rose after the nation’s central bank offered to buy ...
