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oil prices News
Oil prices firm on expected OPEC cut extension
Wed, Nov 22, 2017
Oil prices firmed on Wednesday after a reported fall in U.S. crude inventories and on expectations that an OPEC-led production cut aimed at tightening the market will be extended beyond March 2018.
Russia's Rosneft says managing exit from OPEC deal is a serious challenge
Wed, Nov 15, 2017
Russian Energy Minister Alexander Novak met Russian oil company executives in Moscow on Wednesday ahead of talks in Vienna at the end of November between OPEC and non-OPEC producers.
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.
Asian markets hit 10-year high on strong economy, oil gains
Wed, Nov 01, 2017
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, led by 1.1% gains in South Korea while Japan's Nikkei gained 1.4%.
Oil prices steady near two-year high as supply cuts bite
Tue, Oct 31, 2017
Oil prices were steady to slightly firmer on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent crude to more than two-year highs above $60 per barrel.
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.
Asian markets extend bull run on optimism about upcoming earnings
Tue, Oct 17, 2017
Japan's Nikkei gained 0.6%, extending its 10-day winning streak until Monday while MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.04%.
Oil prices dips on record US exports, but OPEC-led supply cuts lend support
Thu, Oct 05, 2017
The declines came after the Energy Information Administration (EIA) said late on Wednesday that US crude oil exports jumped to 1.98 million barrels per day (bpd) last week.
Global markets: Stocks, bond yields, dollar up after Trump tax plan
Thu, Sep 28, 2017
The dollar also drew support from strong U.S. durable goods orders data that cemented expectations the Federal Reserve is on course to raise interest rates for the third time this year in December.
Asia stocks edge lower, focus turns to China markets after ratings cut
Fri, Sep 22, 2017
The dollar was steady at 112.445 yen and on track to end 1.4 percent higher on the week, during which it brushed a two-month high of 112.725 as U.S. yields spiked on the back of the Fed`s hawkish stance.
Oil prices fall on concerns of oversupply, low investment
Wed, Aug 23, 2017
Oil prices fell early on Wednesday, squeezed between concerns of oversupply, sparked by rising Libya output, and fears of reduced future investment in the industry.
Asian shares edge up, bolstered by modest gains on Wall Street
Tue, Aug 22, 2017
On Wall Street on Monday, the Dow Jones Industrial Average and the S&P 500 marked modest gains, though the Nasdaq Composite edged down slightly
Asian shares dip on profit-taking after Dow hits 22,000
Thu, Aug 03, 2017
"Those shares that were bought heavily on Tuesday are being sold aggressively. I would suspect investors want to take profits quickly after they saw a sharp correction last week," said Yukino Yamada, senior strategist at Daiwa Securities.
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.
Global markets: Dollar's decline, China optimism boost Asia stocks, commodities
Wed, Jul 19, 2017
"Globally, financial conditions tend to improve when the dollar is weak and vice versa," they added. "The falling dollar – still the globe`s major reserve and funding currency – tends to see risk appetite flourishing."
Oil prices edge up on strong China demand, signs of U.S. output slowdown
Mon, Jul 17, 2017
Oil prices inched up on Monday, supported by a slowdown in the growth of rigs looking for crude in the United States and because of strong refinery demand from China. Brent crude futures were at $49.02 per barrel at 0656 GMT, up 11 cents, or 0.2 percent, from their last close.
Oil could hit $60 before year-end -Barron's, citing Citi analyst
Mon, Jul 10, 2017
Accelerating world oil demand and reduced supply from the Organization of the Petroleum Exporting Countries (OPEC) could push crude prices up to $60 a barrel before the end of the year, according to a report from Barron`s.
Crude oil prices firm, set for biggest weekly gain since mid-May
Fri, Jun 30, 2017
Crude oil futures on Friday were on track for their biggest weekly gain since mid-May, ending five weeks of losses with prices underpinned by a decline in U.S. output.
Oil edges up, but set for worst H1 performance in 20 years
Fri, Jun 23, 2017
Oil edged up on Friday, recovering slightly from steep falls earlier in the week, but is set for the worst performing first-half in two decades despite ongoing production cuts. Brent crude futures were at $45.31 per barrel at 0222 GMT, up 9 cents, or 0.2 percent, from their last close.
Global Markets - Oil slump spooks investors; China stocks underwhelmed by MSCI
Wed, Jun 21, 2017
A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks.