Search Results for: oil prices
Oil prices extend falls; Goldman Sachs slashes price forecasts
January 12th, 2015
Global oil prices extended their slide on Monday as Goldman Sachs lowered its short-term price outlook, while refineries in Ohio and Pennsylvania were hit by fires over the weekend, curtailing demand for crude in the U.S. Both Brent and U.S. crude are ...
Oil prices hit fresh lows, no end in sight to slump
January 7th, 2015
Oil prices hit fresh five-and-a-half-year lows on Wednesday as global business growth slowed to its weakest level in a year and analysts said a building supply glut meant that more falls were likely before a rebound. The pace of ...
Oil prices rise but Opec production will keep them around $60 for 2014
December 22nd, 2014
Oil prices have risen by 2% on Monday 22 December, however analysts warn that it’s unlikely that the average price for 2014 will be above $60 per barrel (bbl). The Brent futures contract reached around $63/bbl while US crude ...
Global crude oil prices slump further as traders bet on sell-off
December 19th, 2014
Global crude oil prices slumped further on Thursday, as traders placed fresh bets that the market would resume a six-month sell-off on worries about a supply glut. Benchmark Brent and US crude tumbled $2 a barrel each in late ...
Where Are Oil Prices Headed In The Long Run?
December 18th, 2014
Global benchmark crude oil prices have declined sharply this year on slower demand growth and rising supplies. The growth in demand for crude oil has slowed down significantly this year due to moderating economic growth in emerging markets, such ...
Yen benefits from falling oil prices; commodity currencies slide
December 9th, 2014
The yen edged higher on Tuesday as a fall in oil prices dented risk appetite and prompted investors to trim short positions in the Japanese currency. Commodity currencies extended their recent losses, with the Australian dollar setting a four-year low, while ...
Oil prices crash below $70
November 28th, 2014
Oil prices came crashing down Thursday to trade below $70 per barrel after OPEC announced it was leaving oil production levels unchanged. WTI crude trading in the U.S. fell by roughly 7% to just below $69 — a level ...
Ruble Jumps on Rising Oil Prices and Stimulus Hopes
November 24th, 2014
The ruble rose sharply on Monday, lifted by Russian exporters buying to meet tax payments and as oil prices stabilised at around $80 a barrel. At 1356 GMT, the ruble was around 1.7 percent stronger against the dollar at ...
Energy groups left bruised as falling oil prices bite into profits
October 29th, 2014
Tumbling oil prices have hit the earnings of two big London-listed energy companies, in one of the first tangible signs of how the oil supply glut is reverberating across the global economy. FTSE 100 oil and gas producers BP ...
Oil prices sink to 27-month lows on rising supplies
October 23rd, 2014
Oil prices likely to continue to slide as oil prices sink to 27-month lows in a move that’s likely to continue pushing gasoline prices toward below $3 a gallon. Benchmark West Texas Intermediate crude for mid-December delivery dropped 2.4% to ...
