Search Results for: U.S. oil
Citi dials down risky block trading amid market turmoil
October 13th, 2015
Over the summer, as the U.S. stock market wobbled and then plunged 4 percent in a day, Citigroup made a tough choice: to dial down risk-taking in the bank’s capital markets group. Phil Drury and Doug Adams, then co-heads ...
Oil Prices Tumble as OPEC Production Grows
October 13th, 2015
OPEC reports that its output rose to a more-than-three-year-high in September Oil prices dropped Monday after the Organization of the Petroleum Exporting Countries reported that its output rose to a more-than-three-year high last month. OPEC said in a monthly ...
What OPEC’s New Romance with Russia Means for Oil Prices
October 12th, 2015
For years, the Organization of Petroleum Exporting Countries (OPEC) has courted Russia, though without much success. It’s easy to see why the attraction is there; the world’s largest country has huge oil reserves and the geopolitical clout to ...
Oil Extends Gains Near $50 a Barrel as OPEC Sees Demand Growth
October 12th, 2015
Non-OPEC crude oil supply due to contract, OPEC chief says Global prices have bottomed, signs of 2016 recovery: Qatar Oil extended gains near $50 a barrel amid speculation an increase in demand will ease a global glut. Futures rose ...
Crude oil futures rise after bullish forecast, Fed minutes
October 9th, 2015
U.S. crude rises to above $50 a barrel Brent crude on track for near 12-pct weekly rise Influential forecaster predicts market rally (Updates prices, adds comment) Crude futures rose in early Asian trade, with U.S. oil climbing above $50 a ...
$50 Oil: So Close, Yet Oh So Far
October 8th, 2015
U.S. futures slip below $48, as inventories increase more than expected Oil prices pulled back from a one-month high on Wednesday, as yet another rally fizzled on a muddled supply outlook. Having pushed to nearly $50 a barrel in ...
EU Court Says Data-Transfer Pact With U.S. Violates Privacy
October 7th, 2015
Decision will affect about 4,500 companies that move, store personal data The European Union’s highest court on Tuesday struck down a trans-Atlantic pact used by thousands of companies to transfer Europeans’ personal information to the U.S., throwing into jeopardy ...
Volkswagen Stock Chart Is Looking Like BP’s After Oil Spill
October 7th, 2015
Technical analysts say recovery in VW shares will take years BP shares are still 42 percent below their high of 2010 An ominous chart pattern that formed in shares of BP Plc after its 2010 oil spill is now ...
Asian shares firm on resurgent oil, Nikkei falls on BOJ
October 7th, 2015
Asian stocks hit a seven-week high on Wednesday as oil prices showed some signs of life, supporting battered resource shares and emerging economy currencies, while Tokyo shares fell after the Bank of Japan stood pat on policy. MSCI’s broadest ...
Crude prices steady in Asian trade, Russia mulls oil talks
October 6th, 2015
Crude oil held steady in Asia on Tuesday, following big gains in the previous session after Russia signaled it was prepared to discuss the global oil market with other big producers. Brent crude LCOc1, the global crude benchmark, edged ...
