Search Results for: Crude oil
Oil markets to be disrupted for at least three months in wake of Harvey
August 31st, 2017
The economic impact of Hurricane Harvey’s destruction has been limited on Eastern Canada so far, but the fallout from the storm is expected to affect oil markets for months. Harvey, a category-4 hurricane later downgraded to a tropical storm, ...
Oil markets roiled as Hurricane Harvey hits U.S. petroleum industry
August 28th, 2017
Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.S. Gulf coast over the weekend, knocking out numerous refineries and some crude production. Gasoline prices hit two-year highs as massive floods caused by the storm ...
Oil steady following a 3 percent jump in prices on Friday
August 21st, 2017
Oil steady as market conditions tighten despite rising U.S. output Oil markets were stable on Monday, largely holding on to Friday’s big gains even though rising U.S. output weighed on hopes the market will tighten after a 13 percent ...
Oil prices dipped amid broader market selloff
August 18th, 2017
Oil prices dipped on Friday as part of a broad-based selloff across markets and despite signs that crude markets are gradually tightening. Brent crude futures, LCOc1 the international benchmark for oil prices, were at $50.99 per barrel at 0520 ...
Oil falls for third day
August 9th, 2017
Oil falls for third day as doubts over OPEC cuts linger Crude futures fell for a third day on Wednesday despite a bigger than expected fall in U.S. oil inventories reported by an industry group, with doubts lingering over ...
What prevent oil prices from bigger drops?
August 4th, 2017
Oil prices dipped on Friday, with U.S. crude remaining below $50 per barrel, restrained by rising output from the United States as well as producer club OPEC. U.S. West Texas Intermediate (WTI) crude futures were at $48.95 per barrel ...
Oil prices dipped as last week’s rally lost momentum
August 3rd, 2017
Oil prices dipped on Thursday as a rally that has pushed up prices by almost 10 percent since early last week lost momentum despite renewed signs of a gradually tightening U.S. market. Brent crude futures, the international benchmark for ...
U.S. oil prices open above $50 for first time since May
August 1st, 2017
U.S. oil opened above $50 per barrel for the first time since late May on Tuesday, supported by strong fuel demand, but ongoing high supplies from producer club OPEC kept prices from rising further. U.S. West Texas Intermediate (WTI) ...
Oil steady ahead of producer meeting; Nigeria, Libya output in focus
July 24th, 2017
Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 2 ...
Oil dips; The reasons
July 19th, 2017
Oil dips on rising U.S. crude inventories, high OPEC supplies Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high output from OPEC producers revived concerns of a fuel supply overhang. Brent crude futures ...
