Search Results for: Organization of the Petroleum Exporting Countries
Oil prices reversed earlier gains on Monday
March 26th, 2018
Oil prices reversed earlier gains on Monday as concerns of a looming trade dispute between the United States and China weighed on global markets. The possibility of a full-blown trade war between the United States and China battered Asian ...
Early Market Review: Oil prices fell as on Monday reversed increases last Friday
March 19th, 2018
Oil prices fell on Monday as increased drilling in the United States pointed to more output, raising concerns about a return of oversupply. U.S. West Texas Intermediate (WTI) crude futures were at $62.02 a barrel at 0350 GMT, down ...
Oil steadies after big fall, but soaring U.S. crude output still weighs
March 8th, 2018
Oil prices steadied on Thursday, supported by healthy demand, after falling the previous day on the back of record U.S. crude production and rising inventories. Brent crude futures LCOc1 were at $64.46 per barrel at 0506 GMT, up 12 ...
Oil prices give up earlier gains as rising U.S. supply outweigh signs of demand gains
February 27th, 2018
Oil prices on Tuesday erased earlier gains as investor concerns about rising U.S. oil output offset signs of stronger demand and faith in the ability of OPEC production curbs to curtail supply. U.S. West Texas Intermediate (WTI) crude for ...
Oil rose for a third day
February 2nd, 2018
Oil rose for a third day on Friday after a survey showed strong compliance with output cuts by OPEC and others including Russia, offsetting concerns about surging U.S. production. Brent futures, the global benchmark, were up 24 cents, or ...
Oil prices fell on higher U.S. fuel stocks
January 24th, 2018
Oil prices fell on Wednesday, weighed down by data that showed an increase in U.S. crude oil and gasoline inventories. Brent crude oil futures were at $69.83 a barrel at 0444 GMT, down 13 cents from their last close. ...
Brent crude oil rises to $70
January 15th, 2018
Brent crude oil prices rose to $70 a barrel on Monday, supported by ongoing output cuts led by OPEC and Russia, and ignoring a rise in U.S. and Canadian drilling activity that points to higher future output in North ...
Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day
January 12th, 2018
Oil prices eased on Friday after hitting their highest levels since December, 2014 the previous day. Although analysts and traders have been warning of the risks of a downward price correction since the start of the year, they point ...
U.S. oil prices hit highest since 2015
January 9th, 2018
U.S. oil prices hit their highest since 2015 again on Tuesday as speculators bet on further price rises amid OPEC-led production cuts and a dip in American drilling activity, though some warned the rally could run out of steam. ...
Oil prices close to mid-2015 highs, but doubts over further rises loom
January 3rd, 2018
Oil prices were stable on Wednesday, not far off mid-2015 highs reached the previous session, as strong demand and ongoing efforts led by OPEC and Russia to curb production tightened the market. U.S. West Texas Intermediate (WTI) crude futures ...
