Search Results for: Oil prices
Oil prices stable as falling U.S. output offset by demand worries
March 9th, 2016
Oil prices were only slightly higher on Wednesday as support from falling U.S. production was countered by a strengthening U.S.-dollar and concerns over slowing demand. U.S. crude futures CLc1 were at $36.60 per barrel at 0449 GMT, up 10 ...
Oil prices edge up as confidence rises that market has bottomed
March 3rd, 2016
Oil prices edged higher on Thursday as sentiment spread that a 20-month-long market rout is coming to an end as production slows amid strong demand. U.S. crude futures were trading at $34.76 per barrel at 0540 GMT, up 10 ...
Oil Prices up on Strong U.S. Data and Lower Oil-Rig Count
February 29th, 2016
Crude oil prices rose in early Asian trade Monday, buoyed by hopes that a fall in U.S. oil rigs would ease excess supply while stronger consumer spending in that country would spark demand for oil. On the New York ...
Oil Prices Rally On News Of Russia, Saudi Arabia Meeting
February 26th, 2016
Oil prices jumped by more than 2 percent on February 25 after Venezuela said top oil producers Russia and Saudi Arabia will meet again in mid-March to discuss their proposed output freeze. Russia and OPEC members Saudi Arabia, Venezuela, ...
Brent crude and WTI: Oil prices waver as Iran casts doubt on production cut deal
February 17th, 2016
Oil prices wavered this morning, dipping in and out of the red, as speculation swirled around oil markets over whether a deal between Saudi Arabia and Russia to freeze output at January levels would lead to a broader production ...
KPI Kuwait said oil prices could reach a range of $50 to $60 a barrel by mid-2017
February 15th, 2016
Kuwait Petroleum International (KPI) said on Saturday oil prices could reach a range of $50 to $60 a barrel by mid-2017, the official state news agency and Reuters reported. The agency quoted the company’s top executive Bakheet Al-Rashidi as ...
Oil prices turned lower as Iran loads shipment for Europe
February 15th, 2016
Oil prices turned lower again today after soaring at the end of last week as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut. Both main contracts ...
Brent crude and WTI: Oil prices jump on renewed Opec deal chatter – but analysts aren’t convinced
February 12th, 2016
Crude prices jumped today as renewed chatter about a possible production cut deal swirled around oil markets. Brent crude, the global benchmark, jumped four per cent to $31.26 per barrel. Meanwhile, West Texas Intermediate, the US benchmarked, added 3.8 per ...
Oil prices fall on U.S. storage glut, ongoing economic woes
February 11th, 2016
Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile until the second half ...
Oil prices rebound from sharp selloff; more volatility expected
February 10th, 2016
Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 percent fall in the previous session on concerns over demand and weak equities. Liquidity in Asia ...
