Search Results for: oil price
Oil prices rise after Turkey shoots down jet claimed by Russia
November 24th, 2015
Oil prices rose on Tuesday after news that Turkey shot down what is likely to be a Russian jet over Syria and a softer U.S. dollar supported prices across the commodity spectrum. Turkish authorities didn’t give the nationality of ...
Oil Prices Slip on Bearish Inventory Data
November 20th, 2015
$40 a barrel seen as a key level by market participants U.S. oil prices dipped below $40 a barrel several times Thursday, as heavy stockpiles continued to push crude lower. Light, sweet crude for December delivery fell as low ...
Why OPEC Can’t Win The Oil Price War
November 19th, 2015
As the oil price war unfolds it becomes easier to understand the outcome. There is ongoing speculation about the motives of the main players. Is it a battle between OPEC and US shale? Or a battle by the U SA and ...
Oil prices edge up on reports of falling inventories, but glut remains in place
November 18th, 2015
Oil prices edged up on Wednesday following reports of falling stockpiles and rising refinery activity, but analysts said the market would remain under pressure for the rest of the year and into 2016. Industry group American Petroleum Institute (API) ...
Oil Majors Don’t Share OPEC’s Optimism On Oil Prices In 2016
November 12th, 2015
OPEC’s meeting in Vienna is less than a month away, and oil producers – countries and companies alike – have been raising their concerns at an energy conference in the United Arab Emirates over the cartel’s strategy to keep ...
Oil prices drop on rising stockpiles, Japan recession fears
November 11th, 2015
Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, while fears that Japan’s economy may have fallen into recession added to demand woes. Benchmark U.S. crude futures slipped to a two-week low at ...
Venezuela will push for an oil price band at South American and Arab nations meeting
November 5th, 2015
Venezuela to push for oil price bands at Arab nations meeting Venezuela will push for an oil price band proposal at an upcoming summit in Saudi Arabia between South American and Arab nations, President Nicolas Maduro said. OPEC price ...
Oil prices slide on profit-taking, but supply risks support
November 4th, 2015
Oil prices slipped in thin trading on Wednesday as investors took profits from the previous session’s rally, while potential supply disruptions in the United States, Brazil and Libya curbed losses. Brent futures for December delivery had fallen 4 cents ...
Oil Price Paradox: Gasoline Could Be Even Cheaper
November 3rd, 2015
The price of gasoline is declining more slowly than oil, illustrating how consumers aren’t fully benefiting from falling commodities prices. Typically, gas prices go up and down in tandem with crude oil, the main ingredient. But recently, oil prices ...
Oil prices drop on China demand worries
November 2nd, 2015
Oil prices fell in Asian trading hours on Monday as analysts expected weaker demand from China in upcoming months. Benchmark U.S. crude futures CLc1 had dropped 24 cents from their last settlement to $46.36 per barrel by 0232 GMT. ...
