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Oil Prices

The world bank

Commodity prices likely to rise further in 2018: World Bank

01/11/2017(0)
Oil prices are forecast to rise to $56 a barrel in 2018 from $53 this year as a result of steadily growing demand, agreed production cuts among oil exporters ... Read More
asian-shares-japan

Wall Street’s three major indexes ticked up; Asian shares hit 10-year high

01/11/2017(0)
Asian shares hit a 10-year high on Wednesday on the back of solid economic growth globally, while oil prices extended a bull run on hopes that major oil producers ... Read More
Pump jack and pipes are seen on an oil field near Bakersfield on a foggy day, California

Oil traders take profits

31/10/2017(0)
Oil prices eased on Tuesday as traders took profits following days of gains and as the prospect of increasing U.S. exports dampened overall bullish sentiment that has driven Brent ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil markets stable on expected extension of output cuts

30/10/2017(0)
Oil markets were stable on Monday, with Brent remaining above $60 per barrel supported by expectations that an OPEC-led production cut due to expire next March would be extended. ... Read More
A worker checks the valves at Al-Sheiba oil refinery in Basra

Oil prices rise on tightening supply, strong demand

23/10/2017(0)
Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent ... Read More
Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad

Oil prices stable; What the analysts see

19/10/2017(0)
Oil prices were stable on Thursday, supported by ongoing OPEC-led supply cuts, tensions in the Middle East and lower U.S. production due to hurricane-enforced closures. Brent crude futures LCOc1 ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil prices rises on tighter U.S. market, strong China imports

13/10/2017(0)
Oil prices rose on Friday as both U.S. crude production and inventories declined, pointing towards a tightening market. Strong Chinese oil import data also supported crude prices, traders said. ... Read More
A pump jack used to help lift crude oil from a well in South Texas’ Eagle Ford Shale formation stands idle in Dewitt County Texas

How the oil prices move in Asian session

11/10/2017(0)
Oil prices edged up on Wednesday, extending 2 percent gains recorded the previous day, on signs that markets are gradually tightening after years of oversupply, although the outlook for ... Read More
A pumpjack drills for oil in the Monterey Shale

Oil prices stable as OPEC says market is rebalancing

10/10/2017(0)
Oil prices were steady on Tuesday as OPEC said there were clear signs the market was rebalancing and as U.S. production remained offline following Hurricane Nate. U.S. West Texas ... Read More
Crude oil drips from a valve at an oil well operated by Venezuela's state oil company PDVSA, in the oil rich Orinoco belt, near Morichal at the state of Monagas

U.S. oil prices dips below $50

04/10/2017(0)
Oil prices eased on Wednesday, with U.S. crude dipping below $50 per barrel, pulled down by caution that a rally that lasted for most of the third quarter would ... Read More
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