Search Results for: U.S. oil
Oil futures fell in Asian trade on Wednesday
March 8th, 2017
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs by OPEC and non-OPEC members. Brent futures fell ...
Oil prices hold steady for third day; eyes on economic data
March 7th, 2017
Oil prices were little changed for a third session on Tuesday, with investors searching for direction as concern over rising U.S. shale output offsets production cuts by OPEC and non-OPEC members. As of 0545 GMT, brent crude LCOc1 was ...
Oil prices fell in Asian trade on Monday
March 6th, 2017
Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing concern over Russia’s compliance with a global deal ...
Global Stock Rally Shifts to Asia After U.S. Highs: Markets Wrap
March 2nd, 2017
Japan’s Topix at highest since December 2015 as yen slumps Dollar climbs as Fed official supports rate hike ‘soon’ The bulls are gaining momentum as the global equity rally stretched to Asia. Tokyo shares jumped to the highest level ...
Dollar, U.S. futures hold gains, Topix leads markets in Asia
March 1st, 2017
Dollar, U.S. futures hold gains, Topix leads markets in Asia Treasuries drop as odds jump for U.S. rate hike in March Dollar and equity bulls found little cause for concern in Donald Trump’s address to Congress despite a lack ...
Oil clings to gains as stockpiles rise for seventh week
February 24th, 2017
Oil prices held gains on Friday on data showing U.S. stockpiles rose for a seventh straight week but at a pace that was well below expectations, and news of oil being sold out of storage in Southeast Asia. U.S. ...
Crude oil rises after report shows drop in stockpiles
February 23rd, 2017
Oil futures climbed nearly 1 percent on Thursday after data showed a surprise decline in U.S. crude stocks as imports fell, supporting the view that a global glut is ending. The U.S. West Texas Intermediate crude April contract CLc1 ...
Analysts see the oil price to hit $70 by year end
February 22nd, 2017
Crude oil prices could shoot up to $70 a barrel by the end of 2017 as supply and demand levels continue to rebalance in coming months, according to analysts at Citi. Nearer-term, the research team has raised price estimates ...
Oil firms as OPEC floats extended output cut; markets still bloated
February 17th, 2017
Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude futures were trading at $55.76 per barrel at 0311 ...
Oil rose on OPEC-led cuts, but market remains range-bound
February 14th, 2017
Oil rose on Tuesday, supported by an OPEC-led effort to cut output, but rising production elsewhere kept prices within the narrow range that has contained them so far this year. Brent crude futures LCOc1, the international benchmark for oil ...
