Search Results for: oil price
Oil prices fall; market braces for Nigeria, Libya supply
September 16th, 2016
Oil prices were lower in Asia trade on Friday as traders brace for an increase in oil exports from Libya and Nigeria, and the increase in U.S oil product inventories weighs on prices. On the New York Mercantile Exchange, ...
Oil prices fell on Tuesday on concerns over increased drilling in the United States
September 13th, 2016
Oil fell on Tuesday following a series of gloomy predictions on demand growth that suggested the global overhang of unused inventories may persist for much longer than investors anticipate and temper any pick-up in price. The International Energy Agency ...
Oil Prices Slide as Oversupply Comes Back Into Focus
September 2nd, 2016
Oil prices fell to a three-week low after a second day of steep losses from rising U.S. stockpiles. Crude is now on a four-session losing streak, its longest in a month and an abrupt setback just two weeks after ...
Oil prices rebound on weaker dollar, supportive China manufacturing data
September 1st, 2016
Oil prices rose in Asian trade on Thursday as the U.S. dollar weakened, rebounding from a more than 3 percent drop in the previous session following surprisingly large builds in U.S. crude and distillate stockpiles last week. An unexpected ...
U.S. oil prices slide to near three-week low ahead of stockpile data
August 31st, 2016
U.S. oil prices slid to a near three-week low in early Asian trade Wednesday on expectations that U.S. crude stocks expanded last week, exacerbating the already oversupplied market. On the New York Mercantile Exchange, light, sweet crude futures for ...
Oil prices rise as dollar comes off two-week high
August 30th, 2016
Oil futures edged up on Tuesday as the U.S. dollar backed off a two-week high hit the day before, although doubts that crude producers would agree next month to an output freeze continued to drag on prices. The U.S. ...
Oil prices retreat ahead of Yellen’s speech
August 26th, 2016
Oil prices were down slightly Friday with global crude benchmark Brent and its U.S. counterpart West Texas Intermediate hovering around $47 to $50 a barrel. The October contract for Brent LCOV6, -0.66% on London’s ICE Futures exchange was down 0.46% at $49.44 ...
Oil prices dip as focus returns to global supply overhang
August 25th, 2016
Crude prices dipped on Thursday as brimming U.S. and Asian fuel inventories returned investor attention to a large global supply overhang, cutting short a price-rally and restricting Brent crude futures to below the $50 a barrel mark. International benchmark ...
Asian Shares Mixed as Oil Prices Fall and Dollar Drops
August 23rd, 2016
Markets await policy details from the U.S. Federal Reserve’s annual meeting at Jackson Hole Shares in Asia were mixed Tuesday, as oil prices fell and the U.S. dollar weakened ahead of a key meeting of Federal Reserve officials and ...
Europe stocks set for muted open as Yellen Jackson Hole speech, oil prices in focus
August 22nd, 2016
European markets are expected to open flat on Monday as investors hope that the U.S. Federal Reserve’s Jackson Hole meeting this week will produce some hints about the timing of an interest rate hike. London’s FTSE 100 is seen 2 points ...
