Tag Archives: CRUDE OIL

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 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. 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 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 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 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 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 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 Read More

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US-China trade war poses oil demand shock in 2019

09 September, 2018 9:02 am 9:02 am

SINGAPORE (Reuters) – US sanctions on Iran will tighten global oil supplies sharply until the end of the year, but a threat to world demand looms in 2019 from the US-China trade war, the head of BP’s oil trading in 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 Read More

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Trade conflict looms but higher rates, oil prices help some stocks

09 September, 2018 9:21 am 9:21 am

NEW YORK (Reuters) – A world stock index climbed as bank and energy shares rose , but the momentum was sapped by a report that Washington may fire a new salvo in its trade war with Beijing. US President Donald Read More

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Oil firm as Iran sanctions loom, but US seeks to prevent supply shortfall

09 September, 2018 9:03 am 9:03 am

SINGAPORE (Reuters) – Oil was steady on Tuesday, supported by looming US sanctions against Iran’s petroleum industry. But prices were capped by signs that increased supplies by other major producers, including the United States and Saudi Arabia, could make up Read More

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Oil prices climb as US drilling stalls, Iran sanctions loom

09 September, 2018 8:40 am 8:40 am

SINGAPORE (Reuters) – Oil prices rose on Monday as US drilling for new production stalled and as the market eyed tighter conditions once Washington’s sanctions against Iran’s crude exports kick in from November. US West Texas Intermediate (WTI) crude futures Read More

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Oil prices fall on emerging market woes, looming tariff deadline

09 September, 2018 8:31 am 8:31 am

SINGAPORE (Reuters) – Oil prices fell on Thursday as emerging market woes weighed on sentiment, while a deadline neared for a potential new round of US tariffs on another $200 billion of Chinese goods. US West Texas Intermediate (WTI) crude Read More

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Asian shares extend losses on trade, emerging market anxiety

09 September, 2018 8:09 am 8:09 am

SYDNEY (Reuters) – Asian shares fell for the sixth straight session on Thursday as oil skidded and safe-haven gold gained, with investor confidence shaken by turmoil in emerging markets and jitters over a potentially severe escalation in the US-China trade Read More

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