Search Results for: U.S. West Texas Intermediate
Oil slips on doubts that output cut will be deep enough to end glut
December 7th, 2016
Oil prices slipped on Wednesday on persistent doubts whether a planned crude production cut led by OPEC and Russia would be deep enough to end a supply overhang that has dogged markets for over two years. International Brent crude ...
Oil prices surge, smash trading volume records as OPEC and Russia agree output cut
December 1st, 2016
Oil prices shot up 13 percent, smashing trading volume records, after OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned they could remain modest by historical comparison as other producers ...
Oil prices fall over doubts of planned crude output cut
November 28th, 2016
Oil prices fell on Monday, adding to Friday’s steep losses as doubts re-emerged over the ability of major producers to agree output cuts at a planned meeting on Wednesday aimed at reining in global oversupply. Brent crude futures LCOc1 ...
Oil prices fall on strong dollar, trading thin ahead of OPEC meeting
November 25th, 2016
Oil prices fell on Friday, under pressure from a strong dollar, but activity was low after the U.S. Thanksgiving holiday and as many traders are reluctant to take big new positions ahead of a planned OPEC-led crude output cut ...
Oil prices static on uncertainty over planned production cut
November 24th, 2016
Oil prices were little changed on Thursday as uncertainty ahead of a planned OPEC-led crude production cut and thin liquidity due to the U.S. Thanksgiving holiday kept traders from making big new bets on markets. International Brent crude oil ...
Oil prices fall on renewed doubts on OPEC-led production cut
November 23rd, 2016
Oil prices fell in Asian trade on Wednesday, reversing earlier gains, as doubts re-emerged over whether OPEC would agree to a crude oil production cut at a ministerial meeting next week. A strong dollar, which traded near the 13 ...
Oil prices climb on expectation of OPEC-led output cut
November 21st, 2016
Oil prices rose by more than 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein in oversupply that has put pressure on prices for over two years. International Brent crude oil futures ...
Oil prices fall as strong dollar wipes out OPEC cut optimism
November 18th, 2016
Oil prices fell in early trading on Friday as the strengthening U.S. dollar snuffed out rekindled hopes that OPEC might agree production cuts. International Brent crude oil futures LCOc1 were trading down 13 cents at $46.36 per barrel at ...
Oil prices dipped on Thursday
November 10th, 2016
Oil dips on rising crude inventories after Trump’s shock victory Oil prices dipped on Thursday, pulled down by rising U.S. crude inventories and as markets tried to interpret U.S. President-elect Donald Trump’s surprise victory. U.S. crude stocks rose by ...
Oil prices bounce back after week of sharp falls
November 7th, 2016
Oil prices rose by over 1 percent on Monday, with traders citing opportunistic buying after sharp declines in the previous week that brought prices to their lowest since early August because of ongoing weak fundamentals. International Brent crude oil ...
