Search Results for: WTI
Oil prices dip after strong rally, but sentiment remains confident
October 20th, 2016
Oil prices dipped on Thursday on profit taking after markets rallied the previous day due to a draw in U.S. stocks and an expectation of an OPEC-led cut in production. U.S. West Texas Intermediate (WTI) crude oil futures ...
Oil rises on reported US crude inventory draw, expected OPEC cut
October 19th, 2016
Oil prices rose early on Wednesday, pushed up by a report of a fall in U.S. crude inventories and an OPEC statement saying a planned production cut was achievable, although analysts warned that Chinese economic data could erode the ...
Why Oil Prices Are Bothering the AUD
October 17th, 2016
Historically, there hadn’t been much of a strong correlation between crude oil and the Australian dollar, whether it’s a positive or negative one. These days, however, the rise in the commodity seems to be accompanied by a drag on ...
Oil prices fall on rise in U.S. drilling, strong dollar
October 17th, 2016
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand. U.S. West Texas Intermediate ...
Russia Suspends U.S. Auditor Deloitte
October 14th, 2016
U.S auditing company Deloitte has been sanctioned by Russia‘s Federal Treasury, the Kommersant newspaper reported Wednesday. The Russian Treasury suspended Deloitte and Touche CIS from Russia’s self-regulatory Auditing Chamber of Russia, preventing the company from taking part in tenders or entering into new contracts for ...
Oil prices fall on higher OPEC output, rise in U.S. crude stocks
October 13th, 2016
Oil prices fell on Thursday after OPEC said its production had risen to the highest level in at least eight years and following reports of an increase in U.S. crude stockpiles. Brent crude futures LCOc1 were trading at $51.46 ...
Oil prices fall over doubts that non-OPEC producers will cut output
October 10th, 2016
Oil prices fell on Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply that has dogged markets for over two years. Brent crude futures were trading at $51.53 per barrel at 0511 GMT, ...
Oil curves move above $50 as financial confidence in crude rises
October 7th, 2016
U.S. oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above above that level in a sign that financial markets have increasing confidence in the sector. U.S. West Texas Intermediate (WTI) futures ...
Crisis Hits Russian Banking With 15% Job Losses
October 6th, 2016
Fifteen percent of all Russian bank employees have lost their jobs since the start of the country’s economic crisis in 2014, new data has revealed. Figures from the state statistics agency Rosstat show that almost 120,000 people working in ...
CME Group Reached Average Daily Volume of 15 Million Contracts per Day in September 2016
October 5th, 2016
CME Group, the world’s leading and most diverse derivatives marketplace, today announced that September 2016 average daily volume (ADV) reached 15 million contracts per day, up 6 percent from September 2015. CME Group September 2016 options volume averaged 2.9 million contracts per day, up 9 ...
