Search Results for: Oil prices
Oil prices edge up on weaker dollar, expected crude output cuts
January 16th, 2017
Oil prices inched up on Monday, supported by a weaker dollar and expectations that OPEC and other producers will cut output as part of a deal to curb global oversupply. Brent crude futures LCOc1, the international benchmark for oil ...
Oil prices stumble after strong jump in U.S. crude stocks
January 12th, 2017
Crude prices slipped Thursday after data showed a stronger-than-expected increase in U.S. crude and distillate fuel stocks at a time when oil exports out of the Middle East are surging. On the New York Mercantile Exchange, light, sweet crude ...
Oil prices edge up on reports of Saudi supply cuts, but details murky
January 11th, 2017
Oil edged up on Wednesday, lifted by reports of Saudi supply cuts to Asia, but gains were capped by a lack of detail about the reductions and because of signs of rising supplies from other producers. Prices for Brent ...
Oil prices running out of reasons to rally
January 10th, 2017
Oil prices faltered at the start of the second week of the year, as fears set in about a rapid rebound in U.S. shale production. For the better part of two months, optimism surrounding the OPEC deal has buoyed ...
Oil prices start the week lower after jump in U.S. rig count
January 9th, 2017
Oil prices were lower early on Monday as drilling activities in the U.S. intensified last week, stoking concerns that the effort by global oil producers to curtail oversupply could be undercut by American shale producers. On the New York ...
Oil prices rise as markets eye OPEC, non-OPEC production cuts
January 3rd, 2017
Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will be effective in draining a global supply glut. International ...
Oil prices on track for greatest yearly percentage gain since 2009
December 30th, 2016
Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between OPEC and non-OPEC countries to cut crude production output. U.S. benchmark West Texas intermediate (WTI) CLc1 crude futures ...
Oil prices step back as investors cash in on latest rally
December 28th, 2016
Oil prices fell Wednesday as investors took profits on the heels of a rally, but trading remained thin. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February CLG7, -0.15% traded at $53.84 a barrel, ...
Oil prices fall as US inventories, Libya output weigh
December 22nd, 2016
Oil prices slipped in tepid Asian trading today, dragged down by an unexpected rise in US crude inventories last week and moves by Libya to boost output over the next few months. But the fall was curbed by a ...
Oil prices rise on weaker dollar, optimism on output cuts
December 22nd, 2016
Oil prices nudged higher in tepid Asian trading on Thursday, supported by a weaker dollar and optimism that crude producers would abide by an agreement to curb output to prop up markets. But gains were capped by an unexpected ...
