Search Results for: Brent crude
Oil prices claw back some losses, but oversupply still weighs
April 20th, 2017
Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a global supply overhang might slowly retreat. Brent crude futures were at $53.08 per barrel ...
Oil prices dip on bloated U.S. market, mixed Saudi signals
April 19th, 2017
Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Brent crude futures LCOc1, the international benchmark for oil, were at $54.77 ...
Gold price edges higher on rising geopolitical tensions
April 12th, 2017
Gold prices edged higher during Asian trading hours on Tuesday April 11 – rising geopolitical tensions buoyed haven demand for the yellow metal, while US Federal Reserve chair Janet Yellen’s comments on gradual US interest rates rises had a limited ...
Oil rises on potential Saudi Arabian output cut extension
April 12th, 2017
Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first ...
Oil hits five-week top on geopolitical tensions, strong demand
April 11th, 2017
Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya’s largest oilfield. Additional support also came from expectations of strong demand as the ...
Oil prices firm on strong demand, political uncertainty in Syria
April 10th, 2017
Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in U.S. drilling activity kept a lid on gains. Brent crude futures, the international benchmark for oil, were at $55.28 per ...
Oil prices jump 2% after US launches missile strike in Syria
April 7th, 2017
Oil prices surged more than 2 percent on Friday after the United States launched dozens of cruise missiles at an airbase in Syria. U.S President Donald Trump said he had ordered missile strikes against a Syrian airfield from which ...
Oil rises to near one-month high on gradual tightening of supplies
April 5th, 2017
Oil climbed to a near one-month high on Wednesday on signs of a gradual tightening in global oil inventories and on concerns about a supply outage at a field in the United Kingdom’s North Sea that feeds into an ...
Oil edges up on weaker dollar; Libya output return weighs
April 4th, 2017
Oil prices rose slightly on Tuesday due to a weaker dollar, though a rebound in Libyan production put pressure on the market and rising U.S. drilling signaled the potential for increased supply and capped price gains. International Brent crude ...
Oil dips after three-day rally, but support seen above $50 per barrel
March 31st, 2017
Oil prices eased on Friday as traders took profits following three days of straight gains on the expectation that an OPEC-led crude supply cut that was initially supposed to only last for the first half of the year would ...
