Search Results for: Brent crude
Oil price ‘could fall to $30’ say trading experts
March 27th, 2015
Oil prices continued their downward spiral Friday, falling more than $1, after a short-lived rally of around 5 percent the previous day, as concerns of a disruption to supplies in the Middle East appeared to ease. Against this backdrop, ...
Oil prices surge after Saudi air strikes in Yemen
March 26th, 2015
Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, but the benchmark later came off its high near $60 as importers saw no immediate threat to supplies. The strike against ...
Asia stocks down on weak data, Wall Street dive
March 26th, 2015
Asian stock markets mostly fell Thursday, battered by weak U.S. economic data and Wall Street’s retreat from near record highs. KEEPING SCORE: Japan’s Nikkei 225 fell 1.2 percent to 19,508.88 while Hong Kong’s Hang Seng added 0.1 percent to ...
Oil prices down as Opec remains stern about production levels
March 23rd, 2015
Oil prices declined further after Saudi Arabia’s oil minister said it is not the sole responsibility of Opec to raise oil prices in further indication that the biggest oil exporter has no plans to reduce oil production. Despite the ...
Asian markets up after Wall Street gains
March 23rd, 2015
Asian stock markets rose Monday following Wall Street’s gains amid expectations global central banks will hold off raising interest rates. KEEPING SCORE: The Shanghai Composite Index rose 1.2 percent to 3,659.11 points and Tokyo’s Nikkei 225 gained 1.1 percent ...
Gulf Markets Drop As U.S. Oil Hits 6-Year Low
March 19th, 2015
Stock markets across the Gulf fell sharply on Wednesday after U.S. crude futures dropped to a fresh six-year low and Brent oil also edged down. U.S. oil futures dropped about three per cent and traded just above $42 per ...
U.S. Oil Prices Fall to Fresh Six-Year Lows
March 18th, 2015
Oil prices fell further in Asian trade Wednesday with U.S. crude posting fresh six-year lows on mounting worries over rising supplies. On the New York Mercantile Exchange, light, sweet crude futures for delivery in April traded at $42.62 a ...
Asia stocks jump as Fed rate hike expectations shift again
March 17th, 2015
Asian stocks markets jumped Tuesday as investors cheered the prospect of stimulus in China and second guessed what signals the Federal Reserve will give on interest rates at its policy meeting this week. KEEPING SCORE: Japan’s Nikkei 225 rose ...
China and Middle East will drive oil demand: OPEC
March 16th, 2015
Almost half of this year’s oil demand growth is likely to come from China and the Middle East, the Organization of the Petroleum Exporting Countries (OPEC) said Monday. In its monthly report, Opec forecast that global oil demand growth ...
Asian stock markets drift as investors await Fed meeting
March 16th, 2015
Most Asian stock markets drifted Monday as investors hunkered down ahead of a Federal Reserve meeting this week that may set the stage for the first U.S. interest rate hike since the global financial crisis. KEEPING SCORE: Japan’s benchmark ...
