Search Results for: Oil price
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 prices stable as strong demand meets ongoing supply glut
July 18th, 2017
Oil prices were stable on Tuesday, supported by strong consumption but weighed by ongoing high supplies from producer club OPEC and also the United States. Brent crude futures, the international benchmark for oil prices, were at $48.55 per barrel ...
Oil prices stable as strong Chinese demand eases concern of ongoing glut
July 13th, 2017
Oil prices were stable on Thursday as strong demand from China eased concerns of an ongoing fuel glut. Brent crude futures were at $47.75 per barrel at 0357 GMT, up 1 cent from their last close. West Texas Intermediate ...
Oil prices fell by more than 1 percent early on Friday
July 7th, 2017
Oil prices fell by more than 1 percent early on Friday, with U.S. crude futures dipping below $45 per barrel as news of a rise in U.S. production added to earlier reports that OPEC output was also on the ...
Oil prices retreated in Asian trade on Tuesday; Will Oil price move up or down?
July 4th, 2017
Oil prices retreated in Asian trade on Tuesday, halting a run of eight straight days of gains on signs that a persistent rise in U.S. crude production is running out of steam. Brent crude futures had fallen 28 cents, ...
Oil prices weighed down as U.S. inventory gains revive glut worries
June 28th, 2017
Oil prices were steady to lower on Wednesday after a report of rising U.S. fuel and crude inventories underscored concerns that a three-year supply glut is far from over. Brent crude futures LCOc1 were at $46.67 per barrel at 0329 ...
Oil prices rose more than 1 percent early on Monday
June 26th, 2017
Oil jumps one percent on weaker dollar, but rise in U.S. drilling drags Oil prices rose more than 1 percent early on Monday on a weaker dollar, but another rise in U.S. drilling activity stoked worries that a global ...
Oil prices rose on Thursday
June 22nd, 2017
Oil prices climb off 10-month lows as U.S. stockpiles drop Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts would be able to rein in a three-year glut continued ...
Yen strengthened as crude oil price tumbled
June 21st, 2017
Shanghai equities fluctuate while Hang Seng index retreats Crude oil price tumbled into bear market on supply glut concerns Asian shares retreated and the yen strengthened as crude oil tumbled into a bear market on concern a global supply ...
Oil prices hold near seven-month lows
June 20th, 2017
Oil prices held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support prices. Brent futures were up 4 cents at $46.95 at 0214 GMT. ...
