Search Results for: Crude oil
Oil prices creep higher, but overshadowed by U.S. supply
February 20th, 2017
Crude futures traded slightly higher on Monday, but the market struggled on signs that the U.S. oil production is on a steady uptrend, which could potentially thwart ongoing efforts by multiple oil producers to curb global supply. On the ...
Oil firms as OPEC floats extended output cut; markets still bloated
February 17th, 2017
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude futures were trading at $55.76 per barrel at 0311 ...
Oil prices steady on OPEC cuts, but record U.S. fuel stocks weigh
February 16th, 2017
Oil prices held steady on Thursday, supported by ongoing supply cuts led by producer group OPEC, while rising fuel inventories and crude production in the United States dragged on prices. Brent crude futures were trading at $55.74 per barrel ...
Oil prices head lower after data shows spike in U.S. supplies
February 15th, 2017
Crude oil prices pulled back on Wednesday, reversing gains made in the New York session on the heels of data showing a bigger-than-expected climb in U.S. supply. On the New York Mercantile Exchange, light, sweet crude futures for delivery ...
Oil rose on OPEC-led cuts, but market remains range-bound
February 14th, 2017
Oil rose on Tuesday, supported by an OPEC-led effort to cut output, but rising production elsewhere kept prices within the narrow range that has contained them so far this year. Brent crude futures LCOc1, the international benchmark for oil ...
What Kuwait forecast for oil prices
February 13th, 2017
Kuwait says oil prices to rise with higher level of output deal compliance Kuwaiti oil minister Essam Al Marzouq said on Monday current oil prices were good and are expected to rise with higher compliance to an output reduction ...
Oil prices slip back; traders await OPEC report
February 13th, 2017
Oil prices slip back; traders await OPEC report Crude futures slipped on Monday as investors booked profits ahead of a key data that would indicate the progress of an ongoing multi-country effort to cut back oil production. “Traders will ...
Oil prices stable on strong Chinese imports, OPEC-led production cuts
February 10th, 2017
Oil prices were stable on Friday, supported by strong Chinese crude imports and OPEC-led production cuts, although ample U.S. fuel inventories weighed on the market. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.68 ...
Oil rises after drop in U.S. gasoline stocks, but market remains bloated
February 9th, 2017
Oil prices rose on Thursday, boosted by an unexpected draw in U.S. gasoline inventories, although bloated crude supplies meant that fuel markets remain under pressure. Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.41 ...
Oil prices slump
February 8th, 2017
Oil prices slump on bloated U.S. fuel inventories, stalling China demand Oil prices dropped on Wednesday to extend falls from the previous day, as a massive increase in U.S. fuel inventories and a slump in Chinese demand implied that ...
