Search Results for: Oil prices
Oil rises after month of steady decline but oversupply still weighs
August 1st, 2016
Oil rose on Monday, driven by new orders as traders staked out positions at the start of the new month, but the market remains dogged by a crude glut, a flood of refined products, and an economic slowdown. Brent ...
Oil scrambles off April lows but oversupply still weighs
July 28th, 2016
Oil prices steadied just above three-month lows on Thursday as producers continued to pump more than needed, filling inventories, and economic growth prospects darkened. Brent crude oil LCOc1 was down 10 cents at $43.37 by 0750 GMT (03:50 a.m. ...
Oil futures up slightly, face weekly decline as glut fears persist
July 22nd, 2016
Crude oil futures eased on Friday, extending big falls in the previous session as investors reassessed U.S. data underlining the glut in petroleum, while Iraqi crude exports are also on the rise. The global oversupply of oil has been ...
Oil falls on glut fears, but China data curbs losses
July 15th, 2016
Crude futures dipped in Asian trading on Friday on renewed concerns about a global oil glut, but losses were capped by slightly better than expected Chinese economic data reflecting government efforts to stabilize growth. Brent crude futures were down ...
Asian Equity Rally Loses Momentum With Oil Near $45; Pound Gains
July 14th, 2016
Japan’s Topix climbs, yen falls amid talk of helicopter money Sterling rises before forecast cut in U.K. interest rates The rally that drove Asian stocks to levels last seen in April showed signs of flagging as investors awaited details ...
Asian Shares Jump With Won After U.S. Payrolls Boost; Oil Falls
July 11th, 2016
Topix jumps by most since February after Abe election victory Won jumps with ringgit after hiring picks up in U.S. Asia’s stocks and emerging-market currencies rallied, while commodities gained as heightened prospects for stimulus in Japan and better-than-expected U.S. jobs ...
Oil Trims Weekly Drop as U.S. Production Falls Most Since 2013
July 8th, 2016
U.S output fell 2.3%, stockpiles slide 7th week, EIA reports Stockpile decline was less than forecast, API report Oil trimmed its biggest weekly decline in five months as investors weighed the largest drop in U.S. output since 2013 against ...
US energy secretary sees oil market coming into balance
July 1st, 2016
The U.S. energy secretary said Friday he sees the global oil market coming into balance over the next year as rising demand catches up with a two-year-old supply glut that depressed prices. Ernest Moniz said supplies should be adequate ...
Global Shares, Pound Rally as Brexit Concerns Soften; Oil Soars
June 30th, 2016
S&P 500 jumps 1.7% as FTSE 100 rally erases post-Brexit loss Crude tops $49 a barrel as dollar slump boosts commodities Global stocks rallied for a second day, while the dollar weakened, amid speculation policy makers will move to ...
Oil gains over 3% after two-session Brexit-inspired tumble
June 29th, 2016
Oil futures finished higher for the first time in three sessions on Tuesday, rebounding from a Brexit-fueled selloff that sent crude futures to a seven-week low on concerns of a slowdown in the global economy. The threat of a ...
