Search Results for: Brent crude
Crude oil futures mixed before U.S. inventory report
July 20th, 2016
Oil futures were mixed on Wednesday with Brent posting limited gains and U.S. crude trading sideways in advance of the release of official weekly inventory figures later in the day. Brent crude LCOc1 was up 5 cents at $46.71 ...
Brent oil pushes above $50 for first time in nearly seven months
May 26th, 2016
Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months, boosted after U.S. government figures showed a sharper-than-expected drawdown in crude stocks last week. Brent LCOc1 had climbed 38 cents to ...
Goldman Sachs says oil’s biggest problem could be over— and now crude is on a charge
May 16th, 2016
The price of oil is surging on Monday morning thanks to a production disruption in Nigeria, continued worries about the amount of crude Venezuela will be able to produce as the country’s economy continues to plunge deeper into crisis, ...
Kuwait oil strike to support Brent, Dubai, reduce fuel exports -analysts
April 18th, 2016
Kuwait oil outage supports Brent, Dubai Fuel exports to fall as Kuwait cuts refinery output A workers’ strike in Kuwait that has cut its crude output by more than 60 percent could support oil price benchmarks Brent and Dubai, ...
Asian shares skid, crude tumbles after Doha deal fails
April 18th, 2016
Tumbling crude oil futures knocked Asian shares on Monday after producers’ talks failed to agree on a plan to curb the global supply glut, while Tokyo stocks skidded as investors assessed the impact of a devastating earthquake in southwestern ...
Looming gasoline glut pulls down global crude oil prices
April 5th, 2016
Oil prices dropped for a third session on Tuesday, as weakening demand for gasoline and persistent doubts on whether crude producers will be able to reach an agreement to rein in a worldwide supply glut dragged on the market. ...
Oil prices tumbled 4 percent; U.S crude settling below the key $40 per barrel
March 24th, 2016
Oil prices tumbled 4 percent on Wednesday, with U.S crude settling below the key $40 per barrel mark after a sixth straight week of record highs in stockpiles that traders warned could cut short the market’s two-month long rally. ...
Brent trades near $33 as Russia sees output talks done by March
February 22nd, 2016
Brent traded near $33/bbl as Russia said talks on an output freeze will be done by March 1 while Nigeria said some countries should have production capped at higher levels. Futures rose as much as 0.8% in London, paring Friday’s 3.7% drop. ...
Brent Slightly Up Over Unexpected OPEC-Russia Meet
February 16th, 2016
Oil has risen 2 percent since this morning on speculation ahead of a meeting tomorrow in Doha among ministers from Saudi Arabia, Russia, Qatar and Venezuela. After-hours Brent crude trading today gained more than 60 cents, rising to more than ...
Crude oil prices fall almost 20 percent since beginning of the year
January 12th, 2016
Crude oil prices continued a relentless dive early on Tuesday, falling almost 20 percent since the beginning of the year as analysts scrambled to cut their 2016 oil price forecasts and traders bet on further price falls. U.S. crude ...
