Search Results for: U.S. oil
Crude oil rose to its highest since June 19
June 29th, 2017
Crude oil rose for a sixth straight session on Thursday to its highest since June 19 on a decline in U.S. output, but ongoing worries about global oversupply continued to drag. U.S. West Texas Intermediate (WTI) crude CLc1 had ...
Oil prices rose more than 1 percent early on Monday
June 26th, 2017
Oil jumps one percent on weaker dollar, but rise in U.S. drilling drags Oil prices rose more than 1 percent early on Monday on a weaker dollar, but another rise in U.S. drilling activity stoked worries that a global ...
Oil prices rose on Thursday
June 22nd, 2017
Oil prices climb off 10-month lows as U.S. stockpiles drop Oil prices rose on Thursday after U.S. crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts would be able to rein in a three-year glut continued ...
Yen strengthened as crude oil price tumbled
June 21st, 2017
Shanghai equities fluctuate while Hang Seng index retreats Crude oil price tumbled into bear market on supply glut concerns Asian shares retreated and the yen strengthened as crude oil tumbled into a bear market on concern a global supply ...
Oil prices hold near seven-month lows
June 20th, 2017
Oil prices held around seven-month lows on Tuesday as investors focused on persistent signs of rising supply that are undermining attempts by OPEC and other producers to support prices. Brent futures were up 4 cents at $46.95 at 0214 GMT. ...
What Traders said is the main factor driving oil prices lower?
June 19th, 2017
Oil prices dip on further rise in U.S. drilling, demand slowdown Oil prices dipped on Monday, weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies despite an OPEC-led initiative to cut ...
Oil prices down to near their lowest levels in seven months
June 15th, 2017
Oil prices wallowed near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over OPEC’s ability to implement production cuts. Brent crude futures were at $47.01 per barrel at 0222 GMT, virtually ...
Stocks, Currencies Mixed Ahead of Fed; Oil Slumps
June 14th, 2017
China retail sales, output match forecast, Aussie dollar rises Treasury yields steady; South Korea’s Kospi gives up gains Asian equities were mixed, with solid gains in Australia and New Zealand offset by China, where markets weakened despite data showing ...
Oil prices edges up on Saudi pledge to make real supply cuts
June 13th, 2017
Oil prices edged up early on Tuesday, lifted by statements that OPEC-leader Saudi Arabia was making significant supply cuts to customers, although rising U.S. output meant that markets remain well supplied. Brent crude futures LCOc1 were at $48.42 per ...
Russia, Saudis See Oil Inventories Falling After Price Drop
June 12th, 2017
Market to be balanced in first quarter of 2018: Russia’s Novak Saudi minister sees stockpiles falling faster in coming months A deal among oil-producing countries to curb production and balance an oversupplied market will achieve its objective in the ...
