Search Results for: Oil
Oil prices jump after data shows surprise U.S. stock draw
March 15th, 2017
Oil prices rebounded from three-month lows on Wednesday after industry data showed a surprise drawdown in U.S. crude stockpiles and as Goldman Sachs put a positive spin on OPEC‘s compliance with output cuts. U.S. West Texas Intermediate crude CLc1 ...
Asian Stocks Follow U.S. Lower Amid Wild Oil Swing: Markets Wrap
March 15th, 2017
Stockpiles report reverses oil drop tied to Saudi output Equities from Singapore to Tokyo slip ahead of Fed decision Crude oil whipsawed on production and stockpiles reports, while most Asian markets followed U.S. equities lower and the dollar slipped ...
Crude oil hovers near three-month lows as investors await data
March 14th, 2017
Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) CLc1 ...
Oil prices hit 3-month low as U.S. rig count climbs
March 13th, 2017
Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had fallen 39 cents, or 0.8 percent, to at $50.98 ...
Asian Stocks Gain, Oil Slides Before Fed and BOJ: Markets Wrap
March 13th, 2017
U.S. jobs data set stage before central bank policy decisions Crude drops for sixth straight day amid jump in U.S. supplies Asian equities rose and the dollar weakened as a positive U.S. jobs report helped investors position for a ...
Oil moves cautiously higher, remains under $50-a-barrel
March 10th, 2017
Oil prices looked set to stabilize on Friday, but remained below a key support level as investors remained wary over rising U.S. crude oil inventories. On the New York Mercantile Exchange, light, sweet crude futures for delivery in AprilCLJ7, ...
Oil prices claw back some ground after plunging to year lows
March 9th, 2017
Oil prices attempted a slight rebound Thursday on the heels of plunging to their lowest levels in a year after weekly data which showed a higher-than-expected build-up in U.S. inventories. On the New York Mercantile Exchange, light, sweet crude ...
Oil futures fell in Asian trade on Wednesday
March 8th, 2017
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs by OPEC and non-OPEC members. Brent futures fell ...
Oil prices hold steady for third day; eyes on economic data
March 7th, 2017
Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non-OPEC members. As of 0545 GMT, brent crude LCOc1 was ...
Oil prices fell in Asian trade on Monday
March 6th, 2017
Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing concern over Russia’s compliance with a global deal ...
