Search Results for: Crude prices
Oil rises after Iraq signals possible OPEC cut extension
September 20th, 2017
Oil rises after Iraq’s oil minister said OPEC and other crude producers were considering extending or even deepening a supply cut to curb a global glut, while a report showed a smaller-than-expected increase in U.S. inventories. U.S. West Texas Intermediate ...
U.S. Stocks at Records, dollar fell, euro climbed
September 20th, 2017
Major U.S equity benchmarks padded all-time highs, the dollar fell and Treasuries edged lower after Donald Trump gave a speech to the United Nations and as the Federal Reserve began a two-day meeting. The S&P 500 Index climbed for ...
Oil markets were firm on Monday and remained near multi-month highs reached late last week
September 18th, 2017
Oil markets were firm on Monday and remained near multi-month highs reached late last week as the number of U.S. rigs drilling for new production fell and refineries continued to start up after getting knocked out by Hurricane Harvey. ...
Stocks Climb in Asia; Yen Falls as Havens Retreat
September 18th, 2017
Stocks advanced in Asia following a record-breaking Wall Street session, while the yen declined as havens retreated amid optimism the U.S. favors a peaceful resolution to North Korea’s nuclear threats. Futures on the S&P 500 Index rose with equities ...
Oil markets volatile in wake of Hurricane Harvey, North Korea nuclear test
September 4th, 2017
Oil markets were volatile on Monday, with U.S. crude rising on production shutdowns while international Brent was pulled down by a flight into gold futures following a powerful North Korean nuclear test explosion. Meanwhile, U.S. gasoline prices RBc1 slumped ...
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, ...
U.S. stock futures and Asian share markets tumbled; Yen jumped
August 29th, 2017
U.S. stock futures and Asian share markets tumbled on Tuesday, while the yen jumped to four-month highs against the dollar after North Korea fired a missile over northern Japan, fuelling worries of fresh tension between Washington and Pyongyang. S&P ...
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 ...
Yen heads for worst weekly loss while the euro was slightly lower; Central Banks Meet
August 25th, 2017
Yellen, Draghi to take center stage at Jackson Hole gathering Yen heads for worst weekly loss in two months; oil below $48 Asian stocks were mixed, with gauges in Japan rising, and Australian bonds fell as investors await comments ...
Most major indexes in Asia made gains on Thursday
August 24th, 2017
Most major indexes in Asia made gains on Thursday despite Wall Street closing lower after a threat from President Donald Trump about a possible government shutdown. Most Asia markets climb following Wall Street dip on Trump government shutdown threat ...
