Search Results for: Brent crude
Oil scrambles off April lows but oversupply still weighs
July 28th, 2016
Oil prices steadied just above three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil LCOc1 was down 10 cents at $43.37 by 0750 GMT (03:50 a.m. ...
Weaker dollar lifts oil prices, but mood remains bearish
July 26th, 2016
Oil prices rebounded from over three-month lows on Tuesday, lifted by a drop in the dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude oil ...
Oil futures up slightly, face weekly decline as glut fears persist
July 22nd, 2016
Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. The global oversupply of oil has been ...
Asian shares at nine-month highs on inflow bets; dollar strong
July 21st, 2016
Asian stocks climbed to nine-month highs on Thursday, helped by a recovery in global oil prices, while the dollar strengthened against the safe-haven yen on resurgent expectations of a U.S. interest rate hike this year. European shares are expected ...
Oil prices fall on oversupply concerns despite output cuts
July 19th, 2016
Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in U.S. shale production and a probable further draw in U.S. crude inventories. Crude prices fell more than 1 percent in ...
Oil prices rise as market shrugs off Turkey coup bid
July 18th, 2016
Oil prices were virtually unchanged in choppy Asian trade on Monday following gains last week as traders shrugged off the impact of Friday’s attempted coup in Turkey, while upbeat economic data from the United States lent price support. Brent ...
Oil falls on glut fears, but China data curbs losses
July 15th, 2016
Crude futures dipped in Asian trading on Friday on renewed concerns about a global oil glut, but losses were capped by slightly better than expected Chinese economic data reflecting government efforts to stabilize growth. Brent crude futures were down ...
Asian shares near 2016 highs as risk appetite improves
July 13th, 2016
Asian shares came within reach of their 2016 highs on Wednesday as prospects of solid U.S. growth and accommodative economic policy in major markets whet investors’ risk appetite damaged by uncertainty from Brexit. Spread betters expected European shares to ...
Oil prices rise on Iraq loading worries; bearish investors cap gains
July 12th, 2016
Oil futures rose on Tuesday as an interruption in Iraqi crude loadings at Basra threatened to tighten supplies, but prices held close to two-month lows hit in the previous session as investors continued to slash their bullish bets. Brent ...
Oil near two-month low on economic woes; drillers adjust to lower prices
July 11th, 2016
Oil fell on Monday over signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. Brent crude was trading at $46.38 per barrel at 0653 GMT (02:53 a.m. EDT), down ...
