Tag Archives: brent


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Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears

06 June, 2019 8:31 am 8:31 am

NEW YORK (Reuters) – US stocks ended nominally lower as investors awaited next week’s Federal Reserve meeting for signs of imminent easing, while the US-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher. Lingering worries over the US-China trade war also weighed on investor sentiment. Weak China data and … Read More



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Asia shares dazed by trade uncertainty, US jobs risks

06 June, 2019 9:06 am 9:06 am

SYDNEY (Reuters) – Asian share markets dithered as investors waited for concrete signs of progress in the US-Mexican trade standoff, while bracing for a US jobs report that could sway the course of interest rates there. MSCI’s broadest index of Asia-Pacific shares outside Japan edged 0.04% higher and looked set for another cautious session being … Read More



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Oil prices extend gains, move further away from five-month lows

06 June, 2019 8:29 am 8:29 am

TOKYO (Reuters) – Oil prices rose around 1% on Friday to move further away from five-month lows hit earlier in the week, buoyed by a report that Washington could postpone trade tariffs on Mexico and signs OPEC and other producers may extend crude supply cuts. Brent crude futures were up 50 cents, or 0.8%, at … Read More



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Oil prices climb on OPEC cuts, hopes of US-China trade deal

02 February, 2019 8:38 am 8:38 am

SYDNEY (Reuters) – Oil prices rose on Friday, lifted by OPEC’s supply cuts and hopes the United States and China could soon settle their trade disputes. US West Texas Intermediate (WTI) futures were at $54.10 per barrel at 0133 GMT, up 31 cents, or 0.6 percent, from their last settlement. International Brent crude oil futures … Read More



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Oil plunges 6 percent as economic slowdown fears grip market

12 December, 2018 2:32 pm 2:32 pm

NEW YORK (Reuters) – Oil prices plunged more than 6 percent to the lowest level in more than a year on Monday, pulling back sharply late in the session as fears of an economic slowdown rattled the market. US crude futures CLc1 and global benchmark Brent LCOc1 hit their lowest levels since 2017 during the … Read More



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Dollar, US yields slide on Fed official rate talk

11 November, 2018 8:57 am 8:57 am

NEW YORK (Reuters) – The US dollar weakened and Treasury yields slid after a top Federal Reserve official said US interest rates were near a neutral rate, while the S&P 500 ended positive after a seesaw session helped by optimism over US-China trade ties. Oil prices steadied but still posted their sixth straight week of … Read More



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Oil prices fall one percent amid global stock market slump

10 October, 2018 8:20 am 8:20 am

SINGAPORE (Reuters) – Oil prices fell by around one percent on Thursday, coming under pressure from sharp selloffs in global stock markets, with US stocks posting the biggest daily decline since 2011 to wipe out the year’s gains. Front-month Brent crude oil futures LCOc1 were at $75.42 a barrel at 0043 GMT, 75 cents, or … Read More



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Asian shares struggle as European woes, Saudi concerns dim mood

10 October, 2018 8:06 am 8:06 am

TOKYO (Reuters) – Asian shares edged lower on Tuesday as earnings season nerves in the US dented Wall Street, while a cocktail of negative factors from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment. That rolled back some of the previous session’s strong rally led by China stimulus hopes, … Read More



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Oil edges up on looming Iran sanctions, but US-China trade war caps gains

10 October, 2018 8:22 am 8:22 am

SINGAPORE (Reuters) – Oil prices edged up on Monday, as markets were expected to tighten once US sanctions against Iran’s crude exports are implemented next month. Front-month Brent crude oil futures LCOc1 were trading at $79.88 a barrel at 0248 GMT, 10 cents above their last close. US West Texas Intermediate (WTI) crude futures CLc1 … Read More



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Dollar at one week high after hawkish Fed minutes; Asia stocks capped

10 October, 2018 8:09 am 8:09 am

TOKYO (Reuters) – Asian stocks were capped and the dollar rose to a one week-high in early Thursday trade after the minutes of the Federal Reserve’s latest meeting showed broad agreement among board members on the need to raise borrowing costs further. The spectre of rising US dollar yields, which along with global trade tensions … Read More



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Oil turns lower as weaker demand outlook weighs

10 October, 2018 8:42 am 8:42 am

NEW YORK (Reuters) – Brent crude futures gave back early gains and turned lower  after the International Energy Agency (IEA) deemed supply adequate and the outlook for demand weakening, while US crude steadied as equities rebounded. The energy watchdog said in its monthly report that the market looked “adequately supplied for now” and trimmed its … Read More



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Oil prices rise, but still set for weekly fall amid equities rout

10 October, 2018 9:15 am 9:15 am

TOKYO (Reuters) – Oil prices rose on Friday slightly reversing two days of declines in the previous sessions driven by sharp falls in equity markets and indications that supply concerns have been overblown, but were still on track for a weekly fall. Brent crude futures rose 33 cents, or 0.4 percent, to $80.59 a barrel … Read More



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Asian shares fall as China set to reopen after Beijing eases policy

10 October, 2018 8:31 am 8:31 am

SHANGHAI (Reuters) – Shares in Asia stumbled in early trade on Monday as investors waited with bated breath as China’s markets prepare to reopen following a week-long holiday and after its central bank cut banks’ reserve requirements in a bid to support growth. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was down 0.3 … Read More



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Oil prices mark weekly gain ahead of Iran sanctions

10 October, 2018 8:59 am 8:59 am

NEW YORK (Reuters) – Crude futures steadied after climbing to four-year highs earlier this week, and both Brent and US crude marked weekly gains ahead of US sanctions on Iranian oil exports. US West Texas Intermediate (WTI) crude CLc1 futures rose 1 cent to settle at $74.34 a barrel. Global benchmark Brent crude LCOc1 futures … Read More



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Oil prices drop as escalating trade war clouds demand outlook

09 September, 2018 9:04 am 9:04 am

BEIJING (Reuters) – Oil markets dropped on Tuesday as the latest escalation in the Sino-US trade war clouded the outlook for demand, although concerns over tightening supply offered prices some support. Brent crude LCOc1 futures had declined 27 cents, or 0.35 percent, to $77.78 per barrel by 0054 GMT. US West Texas Intermediate (WTI) crude … Read More



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