Search Results for: West Texas Intermediate

Here’s what Venezuela’s deepening crisis means for oil prices

April 21st, 2017 (0)
Venezuela and its worsening economic and political crisis may be an underappreciated wild card when it comes to the outlook for oil prices. The nation, which has the world’s largest oil reserves, is suffering an economic collapse that has ...

Asian Stocks Gain on Kuroda, U.S. Tax Reform Hopes: Markets Wrap

April 21st, 2017 (0)
BOJ head Kuroda sees accommodative policy continuing in Japan Steve Mnuchin says tax reform in U.S. will be sweeping Equities climbed across Asia as optimism spread for a U.S. tax overhaul and the yen weakened after Bank of Japan ...

Oil prices set for biggest weekly drop in a month

April 21st, 2017 (0)
Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been dogged by oversupply for more ...

Oil prices claw back some losses, but oversupply still weighs

April 20th, 2017 (0)
Oil prices regained some ground on Thursday after steep losses the previous day, with a slight drop in U.S. crude inventories stoking hopes that a global supply overhang might slowly retreat. Brent crude futures were at $53.08 per barrel ...

Asia Stocks Drop as China Losses Deepen; Yen Falls: Markets Wrap

April 19th, 2017 (0)
Pound holds advance after May calls surprise general election Iron ore gains after sharp losses this week, commodities rise Asian stocks fell as losses in Chinese equities deepened, following weakness in the U.S. amid worse-than-expected corporate earnings. The pound ...

Oil prices dip on bloated U.S. market, mixed Saudi signals

April 19th, 2017 (0)
Oil prices dipped on Wednesday as bloated U.S. supplies weighed on markets while a fall in Saudi crude exports was offset by rising production in the country. Brent crude futures LCOc1, the international benchmark for oil, were at $54.77 ...

Asian Stocks Fall as Dollar Slumps on Trump Talk: Markets Wrap

April 13th, 2017 (0)
Japanese shares lead decline as yen strengthens for fourth day Hong Kong equities pare losses amid Chinese export data Most Asian stocks fell after the dollar slumped and Treasury bond yields dropped to the lowest level this year in ...

Crude oil eases for second day on rising U.S. production

April 13th, 2017 (0)
Crude oil futures slid for a second session on Thursday, moving away from a one-month high touched briefly in the last session as rising U.S. production stoked worries about global oversupply. Benchmark Brent crude futures slid 4 cents, or ...

Oil rises on potential Saudi Arabian output cut extension

April 12th, 2017 (0)
Oil prices rose on Wednesday, putting crude futures on track for their longest streak of gains since August 2016, as Saudi Arabia was reported to be lobbying OPEC and other producers to extend a production cut beyond the first ...

Oil hits five-week top on geopolitical tensions, strong demand

April 11th, 2017 (0)
Crude oil climbed to a five-week high on Tuesday, with prices underpinned by tensions following a U.S. missile strike on Syria and a shutdown at Libya’s largest oilfield. Additional support also came from expectations of strong demand as the ...
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