Search Results for: Crude oil prices
Oil prices pinned down by strong dollar, supply worries
June 9th, 2017
Oil prices were little changed on Friday, clawing back earlier declines, amid a variety of market impacts including a rising dollar as returns from the U.K election came in and concerns the ongoing concerted effort by Middle Eastern and ...
Oil rises off one-month lows struck after surprise stock build
June 8th, 2017
Oil rises off one-month lows struck after surprise stock build Crude futures edged up in early Asian trading on Thursday following heavy losses in the previous session after official data showed that U.S. inventories rose for the first time ...
Oil prices dipped on Wednesday; What keeps prices under pressure
June 7th, 2017
Oil prices dipped on Wednesday, with Brent crude futures around $50 per barrel, as global fuel markets remained oversupplied, although rising tension in the Middle East and falling U.S. inventories lent some support. Brent crude futures LCOc1 were trading ...
Oil prices fell for a third day on Tuesday
June 6th, 2017
Oil prices slide over worries Middle East rift will undermine output cuts Oil prices fell for a third day on Tuesday, hit by concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led push ...
Oil prices slide amid glut concerns, U.S. withdrawal from climate deal
June 2nd, 2017
Oil prices dropped on Friday amid worries that U.S. President Donald Trump’s decision to abandon a global climate pact could spark more crude drilling in the United States, stoking a persistent glut in global supply. Global benchmark Brent crude ...
Oil falls as rising Libyan, U.S. output undermines cuts
May 31st, 2017
Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production that is undermining OPEC-led production cuts aimed at tightening the market. Brent crude futures LCOc1, the international benchmark for oil prices, were ...
Oil dips as ongoing glut outweighs strong start to summer driving
May 30th, 2017
A run by U.S. oil prices toward $50 a barrel ran out of steam on Tuesday as persistent concerns of oversupply outweighed signs of a strong start to the American summer driving season. U.S. West Texas Intermediate (WTI) crude ...
Oil falls as U.S. drilling undermines drive to tighten markets
May 29th, 2017
Oil prices fell on Monday as a relentless rise in U.S. drilling undermined an OPEC-led push to tighten supply. Trading activity will be subdued on Monday due to public holidays in China, the United States and Britain. Brent crude ...
Oil drops after OPEC-led output cut extension falls below expectations
May 26th, 2017
Oil extended falls on Friday after tumbling in the previous session when OPEC and allied producers extended output cuts but disappointed investors betting on longer or larger supply curbs. At Thursday’s meeting in Vienna, the Organization of the Petroleum ...
Oil prices rise in anticipation of extended OPEC-led output cut
May 25th, 2017
Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year. Brent crude futures ...
