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oil prices News
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.
Oil prices struggle on doubts OPEC can rein in oversupply
Thu, Jun 15, 2017
"Production growth in Libya and Nigeria and continued rig additions in U.S. are complicating the picture, raising doubts on OPEC`s strategy. For OECD inventories to return to the normalized levels, OPEC needs to drain by 34 million barrels a month or 1 million barrels for the next 10 months. This looks challenging," AB Bernstein said.
Oil falls as rising Libyan, U.S. output undermines cuts
Wed, May 31, 2017
Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production which is undermining OPEC-led production cuts aimed at tightening the market.
Strong start to summer driving season pushes U.S. oil towards $50
Tue, May 30, 2017
U.S. crude oil prices rose towards $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.
Oil falls as U.S. drilling undermines drive to tighten markets
Mon, May 29, 2017
Brent crude futures were trading down 15 cents, or 0.3 percent, at $52.00 per barrel at 0253 GMT.
Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat
Fri, May 26, 2017
The Organization of Petroleum Exporting Countries and some non-OPEC producers agreed at a meeting in Vienna on Thursday to extend supply cuts of 1.8 million barrels per day until the end of the first quarter of 2018.While OPEC`s move had been expected, some oil market investors had hoped producers would agree to longer or deeper cuts to drain a global glut of oil.
Asian shares firm, dollar and US bond yields slip after Fed
Thu, May 25, 2017
MSCI`s broadest index of Asia-Pacific shares outside Japan advanced 0.3 percent, with South Korea leading with a 0.4 percent rise.
Asian shares, yuan down after Moody's downgrades China
Wed, May 24, 2017
The Aussie fell as much as 0.3 percent to $0.7455 while the yuan slipped to 6.8901 per U.S. dollar , 0.1 percent below late U.S. levels after Moody`s downgraded China to A1 from AA3.
India could invest in Aramco IPO to strengthen ties
Tue, May 23, 2017
"I`m expecting Aramco to be a supplier for a very long time... We discussed the idea with (Saudi energy) minister (Khalid al) Falih in Houston this year. They (Aramco) are interested in the joint venture," Pradhan said in an interview.
Sterling retreats after Manchester blast, stocks steady
Tue, May 23, 2017
Sterling remained under pressure after police said at least 19 people were killed and about 50 injured in an explosion at a concert in Manchester where U.S. singer Arianna Grande had been performing.