Search Results for: oil price
Oil markets volatile in wake of Hurricane Harvey, North Korea nuclear test
September 4th, 2017
Oil markets were volatile on Monday, with U.S. crude rising on production shutdowns while international Brent was pulled down by a flight into gold futures following a powerful North Korean nuclear test explosion. Meanwhile, U.S. gasoline prices RBc1 slumped ...
Oil markets to be disrupted for at least three months in wake of Harvey
August 31st, 2017
The economic impact of Hurricane Harvey’s destruction has been limited on Eastern Canada so far, but the fallout from the storm is expected to affect oil markets for months. Harvey, a category-4 hurricane later downgraded to a tropical storm, ...
Oil markets roiled as Hurricane Harvey hits U.S. petroleum industry
August 28th, 2017
Oil markets were roiled on Monday after Hurricane Harvey wreaked havoc along the U.S. Gulf coast over the weekend, knocking out numerous refineries and some crude production. Gasoline prices hit two-year highs as massive floods caused by the storm ...
Oil steady after U.S. crude stockpiles drop; traders watch Gulf of Mexico storm
August 24th, 2017
Oil was steady on Thursday, holding gains from the previous session after another fall in U.S. crude inventories indicated a tighter market, and as a tropical storm was heading for oil producing facilities in the Gulf of Mexico. Brent ...
Oil falls for third day
August 9th, 2017
Oil falls for third day as doubts over OPEC cuts linger Crude futures fell for a third day on Wednesday despite a bigger than expected fall in U.S. oil inventories reported by an industry group, with doubts lingering over ...
Oil steady ahead of producer meeting; Nigeria, Libya output in focus
July 24th, 2017
Oil prices held around a one-week low on Monday ahead of a joint OPEC and non-OPEC meeting later in the day that may address rising output in Nigeria and Libya. London Brent crude for September delivery was up 2 ...
Oil steady as Brent crude hovers below $50 ahead of OPEC meeting
July 21st, 2017
Oil prices were little changed on Friday ahead of a key meeting of major oil producing nations next week, with Brent sitting below the $50 per barrel level that was briefly breached for the first time in six weeks ...
Oil dips; The reasons
July 19th, 2017
Oil dips on rising U.S. crude inventories, high OPEC supplies Oil prices fell on Wednesday after a rise in U.S. crude inventories and ongoing high output from OPEC producers revived concerns of a fuel supply overhang. Brent crude futures ...
The reason Oil edged up on Tuesday
July 11th, 2017
Oil rises on firm short-term demand outlook; overall market still weak Oil edged up on Tuesday, lifted by a strong demand outlook for the coming weeks, but overall market conditions remain weak on the back of an ongoing fuel ...
Oil Extends Longest Winning Streak
July 3rd, 2017
Oil Extends Longest Winning Streak This Year as Drilling Slows Rigs targeting crude drop first time in 24 weeks: Baker Hughes Libyan production increases to highest level in four years Oil extended the longest run of gains this year ...
