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Brent Crude News
Brent oil pushes above $50 for first time in nearly seven months
Thu, May 26, 2016
U.S. crude stocks fell 4.2 million barrels to 537.1 million in the week to May 20, the steepest weekly drop in seven weeks, the U.S. Department of Energy`s Energy Information Administration said on Wednesday.
Asian shares near 10-week lows; dollar bounces on US Fed rate view
Tue, May 24, 2016
MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.4%, taking its losses to nearly 5% so far this month and nearing its lowest levels since March 9.
Oil prices little changed as dollar gains, US drawdown seen
Tue, May 24, 2016
The US commercial crude oil stocks fell by around 2.5 million barrels to 538.8 million in the week ended May 20, a preliminary Reuters analysts' poll taken ahead of weekly industry and official inventory data showed on Monday.
Asian oil prices slip on strong dollar, firm global supplies
Mon, May 23, 2016
In a further sign of abundant supply, the number of rigs operated by US drillers was steady last week for the first time this year.
Oil nears $50; is the party over?
Wed, May 18, 2016
International Brent crude futures were trading at $49.36 per barrel at 0644 GMT, 8 cents above their last settlement. U.S. West Texas Intermediate crude futures were 11 cents higher at $48.42 a barrel.
Global oil supply glut to 'shrink dramatically' this year: IEA
Thu, May 12, 2016
A global oil glut that has sent prices tumbling is set to "shrink dramatically" later this year, as wildfires have disrupted Canada`s output and demand in India soars, the International Energy Agency (IEA) said Thursday.
Asian stocks edge down, take cue from Wall Street
Thu, May 12, 2016
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.2% in early trading, in the wake of the worst day for the US share markets since February, following downbeat quarterly retail reports.
Oil rises on outages; API reports big US crude build
Wed, May 11, 2016
The market pared gains briefly in post-settlement trade after the American Petroleum Institute (API), an industry group, said the US crude inventories rose by 3.45 million barrels to record highs of 543.1 million during the week ended May 6.
Oil prices down on brimming crude stocks, Canada fires move away from oil sands
Tue, May 10, 2016
"A reversal in the US dollar will continue to weigh on commodity markets. With concerns easing over Canadian oil supply disruptions, crude oil could come under additional pressure," ANZ Bank said.
Oil prices dip on rising Middle East supply
Tue, May 03, 2016
"Energy was weaker. Concerns over rising OPEC supply were raised after Iraq announced it had shipped 3.36 million bpd in April," ANZ bank said
Oil prices end slightly lower on profit-taking after solid gains
Sat, Apr 30, 2016
The US oil surged about 20% in April, the largest monthly gain in a year, helped by a weaker US dollar and reduced US crude output.
Oil prices jump to $50 as US Fed decides to keep rates unchanged
Thu, Apr 28, 2016
The US Federal Reserve on Wednesday announced that it will maintain the target range for the federal funds rate at 0.25-0.5%, but gave a little clue on the timing of its next rate hike.
Crude oil futures rise on weaker dollar, new cash inflows
Tue, Apr 26, 2016
Analysts have forecast more oil supply as Saudi Arabia and Iran seemingly ramps up output in a race for customers, further flooding the market with excess supplies.