Search Results for: West Texas Intermediate
Asia Stocks Resume Slide Amid China Intervention; Metals Rise
January 5th, 2016
PBOC injects cash, state-run funds said to prop up stocks Oil rises to trade near $37 a barrel; base metals advance Asian stocks extended declines while Chinese shares shrugged off government efforts to prop up the country’s sputtering stock ...
Oil surges on Saudi Arabia, Iran tensions
January 4th, 2016
Oil prices surged during the start of 2016 trading as relations between top crude producers Saudi Arabia and Iran deteriorated, raising concerns about potential supply disruptions, though weak Asian manufacturing data kept a lid on bullish expectations. Saudi Arabia, ...
Analysts see 2016 oil price rise, while traders bet on fall
December 31st, 2015
A year ago, after oil prices had halved in six months, analysts were forecasting a price recovery in 2015 while many traders were busy shorting the market. As it turned out, the traders were correct and oil prices fell ...
Asia trades mixed, ASX sheds 2% for the year
December 31st, 2015
Asian markets were treading water on the final trading day of 2015, with investors eyeing oil prices for further clues after a turbulent year for stocks. The Australian market, which closed early, shed over 2 percent for the year ...
Crude oil prices drop toward $37 as weak outlook prevails
December 30th, 2015
Crude oil futures slipped toward $37 per barrel on Wednesday as the market remained under pressure due to slowing demand and high supplies, while forecasts that a cold snap in Europe and the United States would be short-lived also ...
Oil prices edge up as northern hemisphere moves into peak winter demand
December 22nd, 2015
Oil prices edged away from multi-year lows on Tuesday as the northern hemisphere moves into the peak-demand winter season, but mild weather and ballooning supplies mean that prices are expected to remain generally low well into 2016. The global ...
Saudi Arabia’s government is looking at smart, alternate revenue sources
December 21st, 2015
Saudi Arabia’s foreign reserves are a confidence booster but undoubtedly the government is looking at smart, alternate revenue sources that will not erode the country’s competitive advantage, say economists. Saudi Arabia has the financial depth to continue spending on ...
Brent crude falls to 2004 low as market rout heads into Christmas
December 21st, 2015
Brent crude oil prices fell to levels last seen in 2004 on Monday, dropping below the lows hit during the 2008 financial crisis on renewed worries over a global oil glut, with production around the world remaining at or near ...
Asian markets trade mixed; Japan shares spike on BOJ
December 18th, 2015
Major markets in Asia were mixed on Friday after wavering between positive and negative territory as investors focused on economic data, central bank decisions and commodity prices. The Japanese market took a wild ride, erasing early losses and spiking ...
Shares climb, dollar dips as Fed prepares to lift rates
December 16th, 2015
Shares and bond markets rose and the dollar dipped on Wednesday, as investors readied for what is expected to be the first rise in U.S. interest rates in almost a decade. After more than a year of posturing and ...
