Search Results for: Oil prices
Oil prices steady after five days of declines, but sentiment bearish
November 4th, 2016
Oil prices edged up on Friday, stabilizing after five straight days of falls, although a surge in U.S. crude inventories and doubts over the ability of producers to coordinate output cuts continued to keep a lid on the market. ...
Oil prices rise on Nigeria pipeline attack, weaker dollar
November 3rd, 2016
Crude oil futures rose on Thursday as an attack on a Nigerian oil pipeline and a weaker U.S. dollar buoyed sentiment in the market, lifting prices from five-week lows. Brent crude was trading up 50 cents, or 1.1 percent, ...
Oil prices retreat on expectations for a big jump in U.S. supply
November 2nd, 2016
Crude-oil futures retreated in early Asian trade Wednesday on expectations that U.S. crude inventories were bolstered significantly last week, exacerbating the global glut that has kept prices in the doldrums for over two years. On the New York Mercantile ...
Oil prices drop as Iraq says doesn’t want to join OPEC cut
October 24th, 2016
Oil prices fell early on Monday as Iraq said it wanted to be exempt from any deal by producer cartel OPEC to cut production to prop up the market, and as U.S. drillers stepped up work. Brent crude futures ...
Kuwaiti official expects oil prices be between $50 and $60 over the next 10 to 15 months
October 20th, 2016
Kuwait’s finance minister and acting oil minister, Anas al-Saleh, said on Monday he was optimistic that an understanding on production “at least” would be reached between producers at an OPEC meeting in November. He said expectations that oil prices ...
Oil prices dip after strong rally, but sentiment remains confident
October 20th, 2016
Oil prices dipped on Thursday on profit taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production. U.S. West Texas Intermediate (WTI) crude oil futures ...
Why Oil Prices Are Bothering the AUD
October 17th, 2016
Historically, there hadn’t been much of a strong correlation between crude oil and the Australian dollar, whether it’s a positive or negative one. These days, however, the rise in the commodity seems to be accompanied by a drag on ...
Oil prices fall on rise in U.S. drilling, strong dollar
October 17th, 2016
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand. U.S. West Texas Intermediate ...
Oil prices fall on higher OPEC output, rise in U.S. crude stocks
October 13th, 2016
Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. crude stockpiles. Brent crude futures LCOc1 were trading at $51.46 ...
Oil prices rise, but doubts grow over Russia’s deal commitment
October 12th, 2016
Crude oil prices returned to the positive zone in early Asian trade Wednesday, but the growth momentum has slowed on heightened uncertainty over Russia’s willingness to cut production even as global oil supplies increased last month. On the New ...
