Search Results for: Saudi Arabia
Stocks take battering as Italian crisis roils financial markets
May 30th, 2018
Asian stocks extended a global sell-off on Wednesday as Italy’s political crisis rippled across financial markets, toppling the euro to a 10-month low, pushing up Italian borrowing costs and sending investors rushing to safe-haven assets such as U.S. Treasuries. ...
Is Oil About To Become Front-Page News? “A Glut That Held Prices Down For Years Is Essentially Gone”
May 22nd, 2018
Here’s a new indicator for you: It seems that the difference between the price of oil here and abroad is a measure of tightness in the market, with a rising spread indicating higher prices in the future, ...
OPEC won’t stop when Oil hits $80
May 17th, 2018
OPEC is not in a rush to start winding down the production cuts despite oil prices continuing their strong rally, with Brent briefly breaking above $79 a barrel on Tuesday. The cartel sees the price spike as only a ...
Oil prices hold steady
May 4th, 2018
Oil prices held steady on Friday after shedding earlier gains, as market jitters kicked in over the prospect of geopolitical risks from possible new U.S. sanctions against Iran. U.S. West Texas Intermediate (WTI) crude futures were trading 1 cent ...
Oil prices rise as OPEC seen continuing supply cuts through 2018
March 29th, 2018
Oil prices rose on Thursday as the producer cartel OPEC and other suppliers look set to continue withholding output for the rest of the year and potentially into 2019. U.S. WTI crude futures CLc1 were at $64.62 a barrel ...
Oil prices reversed earlier gains on Monday
March 26th, 2018
Oil prices reversed earlier gains on Monday as concerns of a looming trade dispute between the United States and China weighed on global markets. The possibility of a full-blown trade war between the United States and China battered Asian ...
Early Market Review: Oil prices fell as on Monday reversed increases last Friday
March 19th, 2018
Oil prices fell on Monday as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply. U.S. West Texas Intermediate (WTI) crude futures were at $62.02 a barrel at 0350 GMT, down ...
Oil steadies after big fall, but soaring U.S. crude output still weighs
March 8th, 2018
Oil prices steadied on Thursday, supported by healthy demand, after falling the previous day on the back of record U.S. crude production and rising inventories. Brent crude futures LCOc1 were at $64.46 per barrel at 0506 GMT, up 12 ...
Oil prices give up earlier gains as rising U.S. supply outweigh signs of demand gains
February 27th, 2018
Oil prices on Tuesday erased earlier gains as investor concerns about rising U.S. oil output offset signs of stronger demand and faith in the ability of OPEC production curbs to curtail supply. U.S. West Texas Intermediate (WTI) crude for ...
Asian shares mostly firmer, dollar loses early edge
February 26th, 2018
Asian shares made guarded gains on Monday as investors braced for an event-packed week headlined by U.S. inflation data and the first House testimony by the new head of the Federal Reserve. Spread betters also pointed to a stronger ...
