Search Results for: Oil
Oil prices dip on looming production race between Saudi Arabia, Iran
April 26th, 2016
Crude oil futures dipped on Tuesday as analysts warned of an intensifying producer race between Saudi Arabia and Iran, wiping out earlier price gains that came from a weaker dollar and a flood of new cash into the market. ...
Iran Outwitting Saudis on Oil, Bloomberg Says
April 25th, 2016
Iran’s oil exports are growing much more quickly than analysts predicted back in January when sanctions were eased. If the recovery continues at the recent pace, it could raise an interesting dilemma for OPEC’s top exporter Saudi Arabia at the ...
Oil falls as traders cash in after three weeks of gains
April 25th, 2016
Oil prices dipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Brent crude was trading at $44.80 per barrel at ...
Asian Stocks Retreat as Oil Falls With Copper; Yen Strengthens
April 25th, 2016
Japanese currency advances after steepest drop since 2014 Crude retreats from five-month high; British pound gains Asian shares were set for the first back-to-back declines in a month as commodities prices retreated and the yen strengthened, reflecting investor caution ...
Oil prices rise as investor sentiment turns upbeat
April 22nd, 2016
Oil prices rose on Friday, setting crude futures on course for solid weekly gains, as market sentiment turned more upbeat despite ongoing oversupply. International benchmark Brent crude futures LCOc1 were trading at $44.88 per barrel at 0713 GMT, up ...
Russia calls Saudi bluff after Riyadh threatens to spice up oil output
April 21st, 2016
The Russian Power Ministry says it’s prepared to extend oil manufacturing and exports ought to Saudi Arabia undergo with its menace to spice up output after the failure of the Doha talks. Russia’s oil output might attain 540 million ...
Fraudsters ordered to pay £11 million in large boiler room case
April 21st, 2016
Convicted fraudsters Jeffrey Revell-Reade and Anthony May were today ordered to pay a total of £11, 001,000 in compensation, at Southwark Crown Court. At a hearing overseen by HHJ Gledhill QC, Jeffrey Revell-Reade, 51, an Australian national, was ordered ...
Oil price’s decline weighs on global stock markets
April 20th, 2016
Stocks fell around the world on Wednesday as the price of crude declined after a strike by Kuwaiti oil workers ended. Brent and U.S. crude oil futures prices LCOc1 CLc1 dropped as worries about oversupply in the oil market ...
Elliott Wave Analysis On S&P500 And Crude OIL
April 20th, 2016
S&P500 E-mini S&P500 is back at the highs, now already in black wave 5 of 5) about that we talked in our recent updates. Price is also now approaching 2100 level where gains can be limited based on psychological ...
Commodity currencies at ten-month highs as oil boosts risk sentiment
April 19th, 2016
Commodity currencies like the Australian and New Zealand dollars soared to 10-month highs against the U.S. dollar, drawing support from oil prices which stabilized from a slide and underpinned broad risk sentiment in global markets. The Australian dollar AUD=D4 rose to ...
