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Brent Crude News
Oil falls below $49 but set for weekly rise on OPEC hopes, US stocks
Fri, Sep 09, 2016
Oil prices edged lower on Friday but were still set for their first weekly gain in three weeks after Russia and Saudi Arabia agreed to work together to help rebalance the markets and after a surprisingly large drawdown in US crude stocks.
Wall Street advances as US payrolls report falls short
Sat, Sep 03, 2016
US stocks advanced on Friday as a weaker-than-expected payrolls report tamped down expectations for a September rate hike from the US Federal Reserve, although hawkish comments from another Fed official kept expectations for one this year intact.
India to be hit by economic crisis if oil price crosses $60 per barrel: Swamy
Mon, Aug 29, 2016
India will be hit by an economic crisis if crude oil price crosses $60 per barrel, BJP MP Subramanian Swamy said on Monday. "Given the state of our economy, if crude oil price per barrel rises above $60 then we will be hit by an economic crisis," he tweeted on Monday.
Crude oil falls towards $49 per barrel on high output, strong dollar
Mon, Aug 29, 2016
Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East organisation of OPEC members and as a stronger US dollar weighed on commodities.
Oil prices fall in early trade as Saudi Arabia dampens prospects of output freeze
Fri, Aug 26, 2016
Oil prices dipped in early trading on Friday after the Saudi Arabia energy minister tempered expectations of strong market intervention by producers during talks next month.
Oil prices fall on unexpected US crude stocks build; fears over China demand
Wed, Aug 24, 2016
Oil prices fell early on Wednesday as an unexpected build in US crude stocks weighed on markets, along with concerns that Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry.
Oil prices fall over 1% as analysts say market still oversupplied
Tue, Aug 23, 2016
Oil prices fell over 1% on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.
Oil prices fall on doubts producers can agree output restraint
Wed, Aug 17, 2016
Oil prices fell away from five-week highs early on Wednesday, as analysts doubted possible producer talks to rein in ballooning oversupply would be successful.
Oil rises on hopes of Russia to talk to producers on stabilising prices
Mon, Aug 15, 2016
On Monday, Russian Energy Minister Alexander Novak bolstered hopes that oil producing nations could take action to stabilise prices, telling a Saudi newspaper that his country was consulting with Saudi Arabia and other producers to achieve market stability.
Oil prices edge up on potential producer action to prop up market
Mon, Aug 15, 2016
Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11% since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.
Oil falls on oversupply as calls for producer talks draw scepticism
Wed, Aug 10, 2016
"Oil eased lower as another round of proposed production freeze talks by OPEC failed to excite investors," ANZ Bank said.
US crude oil settles below $40 per barrel for first time since April
Wed, Aug 03, 2016
Oil prices edged up early on Wednesday, supported by a weaker dollar, but US crude futures remained below $40 per barrel and Brent was below $42 as ongoing fuel oversupply and stuttering economic growth weighed on markets.
Asian markets steady, Turkish lira cuts losses
Mon, Jul 18, 2016
Asian markets opened steady on Monday as the the U.S. dollar gained on the yen in Asia.
Oil dips back below $50 on economic worries
Tue, Jul 05, 2016
"The deterioration in the global economic outlook, financial market uncertainty and ripple effects on key areas of oil demand growth are likely to exacerbate already-lacklustre industrial demand growth trends," Barclays said in a report.
Oil prices fall for first time in three days after easing of concerns on Brexit
Tue, Jun 21, 2016
Brent crude futures' August front-month contract was down 31 cents at $50.34 a barrel.
Crude oil climbs as Brexit risks ease
Mon, Jun 20, 2016
Oil extended gains in Asian trading on Monday as a weaker dollar and easing worries over Britain's possible exit from the European Union (EU) helped support crude.
Crude oil surges for first time in seven days
Fri, Jun 17, 2016
Crude oil prices rose in early Asian trade on Friday for the first time in seven days as markets took a breather from concerns about the impact of Britain's possible exit from the European Union (EU).
International oil markets to balance out by end of 2016: IEA
Tue, Jun 14, 2016
A huge overhang in oil stocks lingering across the world will keep a cap on any further oil price rises, the IEA said on Tuesday, even as supply and demand move towards balance by the end of the year.
Asian shares at five-week high after cautious Janet Yellen speech
Tue, Jun 07, 2016
Asian shares hit a five-week high on Tuesday after the US Federal Reserve Chair Janet Yellen said the interest rate hikes are likely on the way, held back any reference to the timing.
Oil prices will keep recovering, says Saudi Arabia's new energy minister
Thu, Jun 02, 2016
"Everybody is very satisfied with the market. The market is rebalancing as we speak," said Khaled al-Falih, newly appointed by the kingdom's powerful and dynamic new crown prince.