Search Results for: West Texas Intermediate
Oil prices mark time, set for small weekly rise
March 17th, 2017
Oil prices were little changed in early Asian trade on Friday as the market looked for clues on how effectively OPEC production cuts are working to absorb a global supply overhang. Brent crude was up 5 cents, or 0.1 ...
Oil prices extend gains after drop in U.S. stockpiles
March 16th, 2017
Crude oil prices rose on Thursday to extend gains from the previous session after official government data showed U.S. stockpiles had eased from record highs. Prices surged on Wednesday after a slew of market reports and official data offered ...
Oil prices jump after data shows surprise U.S. stock draw
March 15th, 2017
Oil prices rebounded from three-month lows on Wednesday after industry data showed a surprise drawdown in U.S. crude stockpiles and as Goldman Sachs put a positive spin on OPEC‘s compliance with output cuts. U.S. West Texas Intermediate crude CLc1 ...
Asian Stocks Follow U.S. Lower Amid Wild Oil Swing: Markets Wrap
March 15th, 2017
Stockpiles report reverses oil drop tied to Saudi output Equities from Singapore to Tokyo slip ahead of Fed decision Crude oil whipsawed on production and stockpiles reports, while most Asian markets followed U.S. equities lower and the dollar slipped ...
Crude oil hovers near three-month lows as investors await data
March 14th, 2017
Crude oil prices hovered near three-month lows on Tuesday in Asian trading, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) CLc1 ...
Oil prices hit 3-month low as U.S. rig count climbs
March 13th, 2017
Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 had fallen 39 cents, or 0.8 percent, to at $50.98 ...
Stocks Weaken After China Data, Treasuries Lower: Markets Wrap
March 9th, 2017
China’s producer prices rose the most since 2008 in February Greenback gains, Treasuries hold slide on private jobs data Equity markets outside Japan declined after data showed Chinese producer prices rising at the fastest pace since just after the ...
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 ...
Asia Stocks Gain Amid Thin Volumes; Aussie Climbs: Markets Wrap
March 7th, 2017
Australian dollar holds advance as RBA leaves rates unchanged South Korea, Hong Kong-traded Chinese shares lead advance Asian stock markets were mostly higher in thin trading as investors assessed the prospects for further gains after a rally leading up ...
