Search Results for: U.S. oil
Oil prices stable as market expects extended production cut
May 24th, 2017
Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year. Brent crude futures rose to $54.18 per ...
Oil climbed toward $51 a barrel
May 22nd, 2017
Crude rises after Saudi Arabia says agreement reached on cuts Pound drops after U.K. threatens to quit Brexit negotiations Oil advanced a fourth day in the build up to OPEC’s gathering in Vienna this week, as speculation grows that ...
Oil prices climb on hopes output cuts will be extended
May 19th, 2017
Oil futures rose on Friday to the highest in nearly a month on growing optimism that big producing countries will extend output cuts to curb a persistent glut in crude, with key benchmarks heading for a second week of ...
Oil prices dip as supply remains ample despite output cuts
May 18th, 2017
Oil prices dipped on Thursday, weighed down by plentiful supply despite ongoing efforts led by OPEC to tighten the market by cutting production. Brent crude LCOc1 was down 18 cents, or 0.3 percent, from its last close at $52.03 ...
Dow Falls 370 Points, Bonds Rally on Trump Turmoil
May 18th, 2017
Risk off sentiment grips markets with Washington on edge Volatility comes roaring back, as gold surges on haven demand The Dow Jones Industrial Average tumbled more than 370 points, Treasuries rallied the most since July and volatility spiked higher ...
Oil Jumps as Saudis, Russia Favor Extending Output Deal to 2018
May 16th, 2017
Ministers agree pact should extend through the end of March OPEC deal is working and inventories decreasing: Al-Falih Oil rallied after Saudi Arabia and Russia stoked expectations that production cuts might be extended for nine months. Futures closed at ...
Oil jumps after Saudis, Russia say supply cut to be extended to March 2018
May 15th, 2017
Oil prices jumped over 1.5 percent on Monday after the energy ministers of the world’s two biggest producers Saudi Arabia and Russia jointly said that a crude production cut would be extended from the middle of this year until ...
Dollar inches away from eight-week high vs yen; focus on U.S. data
May 12th, 2017
The dollar traded below an eight-week high against the yen on Friday, with the near-term focus on whether coming U.S. economic data would provide the catalyst for further gains in the greenback. The dollar eased 0.1 percent to 113.70 ...
Oil futures rose in Asian trading on Wednesday
May 10th, 2017
Oil futures rose in Asian trading on Wednesday after Reuters reported Saudi Arabia would cut supplies to the region as OPEC battles against rising U.S. output that is threatening to derail its attempts to end a sustained global glut ...
Oil gives up earlier gains as rising US output, China concerns weigh
May 9th, 2017
Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production cuts could be extended. Brent crude futures, the international benchmark ...
