Search Results for: Oil price
Oil dips after three-day rally, but support seen above $50 per barrel
March 31st, 2017
Oil prices eased on Friday as traders took profits following three days of straight gains on the expectation that an OPEC-led crude supply cut that was initially supposed to only last for the first half of the year would ...
Elliott Wave Analysis: Crude OIL and S&P500
March 30th, 2017
Elliott Wave Analysis: Crude OIL and S&P500 Crude OIL Because of a strong bullish momentum yesterday on oil, we think there is a chance that prices will continue to rise in sessions ahead so move up from 48.36 swing ...
Oil edges up on Libya disruptions, but bloated U.S. market still weighs
March 30th, 2017
Oil prices edged up on Thursday, extending two days of increases as supply disruptions in Libya lifted the market, although bloated U.S. crude inventories curbed gains. Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were ...
Oil rises on Libyan supply disruptions, likely OPEC output cut extension
March 29th, 2017
Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year. Prices for front-month Brent crude futures, ...
Oil futures supported by weaker dollar, but bloated supply still weighs
March 28th, 2017
Oil prices rose on Tuesday, supported by a weak dollar, but crude continued to be weighed down by surging U.S. production and uncertainty over whether an OPEC-led supply cut is big enough to rebalance the market. Prices for front-month ...
Oil dips as rising US drilling offsets talk of an OPEC-led cut extension
March 27th, 2017
Oil prices fell on Monday as rising U.S. drilling activity outweighed talks that an OPEC-led production cut initially due to end in mid-2017 may be extended. Benchmark Brent crude futures LCOc1 eased 22 cents, or 0.4 percent, from their ...
Oil edges up as Saudis cut supplies to U.S., but global glut remains
March 24th, 2017
Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Benchmark Brent crude futures LCOc1 were ...
Oil drops as U.S. drilling growth
March 21st, 2017
U.S. shale producers boost rig count for ninth straight week Libya’s Es Sider, Ras Lanuf oil ports poised to resume shiping Oil fell as a Libyan port is set to resume shipments and the U.S. drilling revival undermines the ...
Asian Stocks Follow U.S. Lower Amid Wild Oil Swing: Markets Wrap
March 15th, 2017
Stockpiles report reverses oil drop tied to Saudi output Equities from Singapore to Tokyo slip ahead of Fed decision Crude oil whipsawed on production and stockpiles reports, while most Asian markets followed U.S. equities lower and the dollar slipped ...
Crude oil hovers near three-month lows as investors await data
March 14th, 2017
Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) CLc1 ...
