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Brent crude oil News
Brent crude oil
Brent crude prices near 2015 high after North Sea pipeline disruption
Tue, Dec 12, 2017
Brent crude oil prices were near 2015 highs on Tuesday after the unplanned closure of a major North Sea pipeline for repairs, knocking out significant supplies from a market that was already tightening due to OPEC-led production cuts.
Oil edges higher, anticipating another drawdown in U.S. stocks
Tue, Dec 05, 2017
Oil edged higher on Tuesday, supported by strong demand, expectations of a drop in U.S. crude inventories and an OPEC-led deal to extend oil output cuts.
U.S. oil steady after OPEC extension of production cut
Fri, Dec 01, 2017
U.S. oil held steady on Friday after OPEC and other major producers agreed to extend production curbs in a widely expected move aimed at ending a persistent glut in global supplies.
Oil drops for third day, awaiting OPEC decision
Thu, Nov 30, 2017
Oil prices dipped on Wednesday in a volatile session buffeted by conflicting statements from oil ministers a day ahead of OPEC`s meeting in Vienna, as members debate the path for an extension of the group`s supply-cut agreement.
Oil prices fall on uncertainty over OPEC output cuts, pipeline restart
Tue, Nov 28, 2017
Oil prices slipped in early Asian trade on Tuesday amid uncertainty over a possible extension of output cuts by major crude producers and expectations of higher supply as the Keystone pipeline restarts.
Oil markets cautious as OPEC cuts are met by rising U.S. output
Tue, Nov 14, 2017
Oil markets were treading water on Tuesday, continuing the cautious trading seen over the last week as bullish factors such as ongoing OPEC-led production cuts and Middle East tensions are countered by rising U.S. output.
Oil up 2%, Brent hits $60 per barrel on support for extending curbs
Sat, Oct 28, 2017
Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude rising above $60 per barrel, on support among the world`s top producers for extending a deal to rein in output and as the dollar retreated from three-month peaks.
Oil climbs for sixth day, near eight-week highs on U.S. crude stock declines
Fri, Jul 28, 2017
Oil prices extended a rally into a sixth day on Friday, hovering near 8-week highs on a decline in U.S. inventories and OPEC`s ongoing efforts to curb production to ease a global glut.
Asian shares edge up, on track for winning week
Fri, May 12, 2017
U.S. data on Thursday showed producer prices rebounded more than expected last month, leading to the biggest annual gain in five years and suggesting that inflation pressures were rising.
Oil markets remain cautious on record supplies
Fri, Apr 21, 2017
Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC-led production cut was having the desired effect of restoring balance to a market that has been dogged by oversupply for more than two years.
Oil prices mixed after U.S. production seen rising
Tue, Apr 18, 2017
Crude oil prices were mixed in thin trading on Tuesday after the Easter holiday break shut many markets for as long as four days and a U.S. government report indicated rising production, which may keep a cap on prices after recent gains.
Asia up as Wall Street extends record rise, dollar steady
Wed, Feb 22, 2017
MSCI`s broadest index of Asia-Pacific shares outside Japan nudged up 0.1%, taking its cues from the world stock index rising to an all-time peak of 446.21 overnight.
Assets, mortgage-backed securities will be stable in 2017: Moody's
Thu, Jan 19, 2017
Moody`s expects oil prices to remain low in 2017.
Oil prices up in quiet session as year-end approaches
Fri, Dec 23, 2016
Oil prices rose in subdued trading on Thursday, supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output.
Oil prices fall after Fed hike, but tighter market looms
Thu, Dec 15, 2016
Oil prices dropped on Thursday as a hike in U.S. interest rates drove money away from commodities and into U.S. bonds and the dollar, but a tighter fuel market looms in 2017 due to planned production cuts led by OPEC and Russia.
Oil jumps to highest since mid-2015, Fed hike on horizon
Tue, Dec 13, 2016
Oil prices surged to an 18-month high on Monday after the world`s top crude producers agreed to the first joint output cut since 2001, sparking concerns about inflation, which pushed up U.S. Treasury yields to a more than two-year peak.
Oil falls as non-OPEC yet to pledge concrete output steps
Mon, Oct 31, 2016
Oil prices extended declines on Monday after non-OPEC producers made no specific commitment to join OPEC in limiting oil output levels to prop up prices, suggesting they wanted the oil producing group to solve its differences first.
Oil prices fall on rise in U.S. drilling, strong dollar
Mon, Oct 17, 2016
Oil prices fell early on Monday, pulled down by a rising rig count in the United States, a strong dollar and record OPEC-output which comes amid slowing global economic growth that could erode fuel demand.
Oil prices fall on high production despite planned OPEC output cut
Mon, Oct 03, 2016
Oil prices fell away from $50 per barrel on Monday despite an agreement last week by exporters to cut output, with traders doubting the step was enough to rein in production that has exceeded consumption for the better part of three years.
Oil hits multi-week lows as growing supplies stoke glut concern
Fri, Sep 16, 2016
India`s daily oil imports from Iran rose to the highest in at least 15 years in August, according to trade sources and shipping data.