Search Results for: Brent crude
Oil may rise to $55 if all producers cooperate – Iran
November 21st, 2016
Iranian Oil Minister Bijan Zanganeh expressed optimism on Saturday about an upcoming OPEC meeting and said crude prices could jump to $55 a barrel if an agreement is reached and non-OPEC producers cooperate. “We are receiving positive signals that ...
Oil prices climb on expectation of OPEC-led output cut
November 21st, 2016
Oil prices rose by more than 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein in oversupply that has put pressure on prices for over two years. International Brent crude oil futures ...
Oil prices fall as strong dollar wipes out OPEC cut optimism
November 18th, 2016
Oil prices fell in early trading on Friday as the strengthening U.S. dollar snuffed out rekindled hopes that OPEC might agree production cuts. International Brent crude oil futures LCOc1 were trading down 13 cents at $46.36 per barrel at ...
Oil prices pull back after another jump in U.S. supply
November 17th, 2016
Oil futures were lower in Asian trade Thursday after weekly data showed another large increase in U.S. inventories of crude. On the New York Mercantile Exchange, light, sweet crude futures CLZ6, -0.22% traded 8 cents lower at $45.49 a barrel, in the ...
Dollar climbs as U.S. yields spike; Asia shares divided
November 14th, 2016
The U.S. dollar hit a nine-month peak in Asia on Monday as the risk of faster domestic inflation and wider budget deficits sent Treasury yields ever higher, a painful mix for assets in many emerging market countries. The reflation trade saw ...
Oil prices dipped on Thursday
November 10th, 2016
Oil dips on rising crude inventories after Trump’s shock victory Oil prices dipped on Thursday, pulled down by rising U.S. crude inventories and as markets tried to interpret U.S. President-elect Donald Trump’s surprise victory. U.S. crude stocks rose by ...
Oil Prices Slip on Risk Aversion as Trump Takes Lead
November 9th, 2016
Crude-oil prices continued to sink in early afternoon Asia trade on Wednesday as Republican nominee Donald Trump appeared on his way to a possible stunning upset in the U.S. presidential race, sparking jitters across global equities and commodities. The ...
Oil prices steady ahead of U.S. election, weak China data weighs
November 8th, 2016
Oil prices were stable on Tuesday as financial investors and traders were cautiously positioning themselves for a win by Hillary Clinton in the U.S. presidential elections. U.S. West Texas Intermediate (WTI) crude futures were at $44.97 at 0610 GMT, ...
European stock markets rallied
November 7th, 2016
European stock markets rallied with the UK’s FTSE 100 jumping nearly 103 points or 1.5% to 6,793 as investors expressed relief at the FBI’s announcement that it would take no action against Hillary Clinton over emails linked to the Democrat ...
Oil prices bounce back after week of sharp falls
November 7th, 2016
Oil prices rose by over 1 percent on Monday, with traders citing opportunistic buying after sharp declines in the previous week that brought prices to their lowest since early August because of ongoing weak fundamentals. International Brent crude oil ...
