Tag Archives: CRUDE OIL

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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Saudi Arabia aims to keep crude in $70 to $80 band – sources

09 September, 2018 10:40 am 10:40 am

DUBAI/LONDON (Reuters) – Saudi Arabia wants oil to stay between $70 and $80 a barrel for now as the world’s biggest crude exporter strikes a balance between maximising revenue and keeping a lid on prices until U.S. congressional elections, OPEC Read More

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Oil prices edge up on supply disruption worries

08 August, 2018 8:36 am 8:36 am

SINGAPORE (Reuters) – Oil prices rose on Tuesday as risks of supply disruptions from places such as Venezuela, Africa and Iran triggered expectations of a tightening market. International Brent crude oil futures LCOc1 were at $76.37 per barrel at 0215 Read More

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Oil rises as China demand resumes, signs that Iran supply curbed

08 August, 2018 8:40 am 8:40 am

NEW YORK (Reuters) – Oil prices gained more than 1 percent , ending a run of weekly declines on signs that Iran sanctions may limit global supply and that a trade war may not curb China’s appetite for US crude. Read More

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Oil edges up on US sanctions against Iran, but trade dispute weighs

08 August, 2018 8:36 am 8:36 am

SINGAPORE (Reuters) – Oil prices edged up on Tuesday, supported by expectations of supply cuts once US sanctions against Iran bite in November, but capped by worries a Sino-US trade dispute will drag on fuel demand growth. Brent crude oil Read More

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Asian shares hit one-year low on Turkey, China worries

08 August, 2018 8:56 am 8:56 am

TOKYO (Reuters) – Asian shares hit fresh one-year lows in early trading on Thursday, while oil and precious metal prices also tumbled as Turkey’s currency crisis and fears of an economic slowdown in China fanned worries about global growth. MSCI’s Read More

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