Search Results for: crude futures
Asian stocks down as markets weigh Greece, US growth
June 2nd, 2015
Asian stocks drifted lower Tuesday as markets weighed a possible rebound in U.S. growth against doubts about Greece‘s ability to make debt payments and stay in the euro currency bloc. KEEPING SCORE: Japan’s Nikkei 225 was down 0.1 percent ...
Oil Bears Miss Out as Record U.S. Refinery Demand Drives Rally
May 25th, 2015
Oil speculators missed out as record demand from U.S. refineries helped trim supplies from their highest level in more than eight decades and drive prices higher. Hedge funds and other money managers reduced their net-long position in West Texas ...
Asian shares little changed, Fed views hurt some markets
May 25th, 2015
*CPI data, Yellen speech revive U.S. rate increase expectations * Nikkei underpinned by upbeat export data, weaker yen * Crude oil steadies after Friday’s losses ahead of U.S. holiday Asian shares got off to a slow start on Monday after U.S. ...
Asian shares slip, but Japan GDP surprise lifts Nikkei
May 20th, 2015
Asian shares slipped on Wednesday after a mixed day on Wall Street, though Japan’s better-than-expected economic growth lifted the Nikkei to a nearly one-month high. The euro remained pressured by expectations that the European Central Bank would increase its ...
Oil price to reach $80 by 2017 – Iranian oil minister
May 19th, 2015
Iran hopes its crude oil exports will be back to the pre-sanctions level of 2.5 million barrels per day (bpd) and the oil price to rise to around $80 a barrel by end of 2016, according to Iran’s Deputy ...
Hedge Funds Lose Faith in Oil Rally as OPEC Seen Boosting Supply
May 18th, 2015
Speculators are losing faith in the oil rally, judging that OPEC will keep increasing supply from the highest level since 2012. Their net-long position in West Texas Intermediate crude dropped 2.1 percent, as long wagers fell the most in ...
Saudis Raise Oil Pricing to Asia on Signs of Demand Growth
April 6th, 2015
Saudi Arabia, the world’s largest crude exporter, raised pricing for all May sales to Asia, after the country’s oil minister said global demand was improving. State-owned Saudi Arabian Oil Co. narrowed the discount for its Arab Light grade to ...
Iran Moves Closer to Restoring Oil Exports on Nuclear Accord
April 3rd, 2015
Iran’s accord with world powers brings the OPEC member a step closer to restoring oil production that was cut by sanctions while leaving unresolved when it will happen. The preliminary agreement outlined Thursday signals the Persian Gulf nation may ...
CME Group Volume Averaged 15.0 Million Contracts per Day in First-Quarter 2015
April 2nd, 2015
CME Group Volume Averaged 15.0 Million Contracts per Day in First-Quarter 2015, up 10 percent versus First-Quarter 2014, Representing Second-Highest Quarterly Volume Ever March volume averaged 13.7 million contracts per day, down 3 percent Monthly FX volume increased 27 ...
Oil extends losses as deadline for Iran nuclear deal looms
March 31st, 2015
Oil futures extended losses on Tuesday, as Iran and six world powers ramped up the pace of negotiations to reach a preliminary deal that could ease sanctions and allow more Iranian crude onto world markets. With a deadline less than 24 ...
