Tag Archives: Oil prices

Oil prices steady near year-and-a-half lows ahead of New Year

12 December, 2018 9:24 am 9:24 am

NEW YORK (Reuters) – Oil prices steadied on Friday after a week of volatile trading ahead of the New Year holiday, supported by a rise in US equity markets but pressured by worries about a global glut of crude. Brent crude LCOc1 futures rose 4 cents to settle at $52.20 a barrel, off the session … Read More

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Oil prices fall after jump the day before; glut, economy worries weigh

12 December, 2018 9:00 am 9:00 am

SEOUL (Reuters) – Oil fell on Thursday after soaring 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices even as a stock market surge offered support. Brent crude oil futures were down 8 cents, or 0.15 percent, at $54.39 a barrel … Read More

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Oil prices rise ahead of US Iran sanctions, but outlook for 2019 less certa...

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

SINGAPORE (Reuters) – Oil prices rose on Friday, as traders focused on US sanctions against Iran’s crude exports that are set to start next month to tighten global markets. The gains helped claw back some of the losses from the previous session due to rising US inventories and after Saudi Arabia and Russia said they … Read More

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Oil prices edge up on decline in US fuel inventories, looming Iran sanction...

08 August, 2018 10:24 am 10:24 am

SINGAPORE (Reuters) – Oil prices inched up on Thursday, extending solid gains from the previous session on a fall in US crude inventories and expected disruptions to supply from Iran and Venezuela. International Brent crude oil futures LCOc1 were at $77.21 per barrel at 0114 GMT, up 7 cents from their last close. US West … Read More

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Oil edges up on looming Iran sanctions, but rising global supply caps marke...

08 August, 2018 10:16 am 10:16 am

SINGAPORE (Reuters) – Oil markets were stable on Wednesday, buoyed by falling supplies from Iran ahead of US sanctions but held in check by rising production outside the Organization of the Petroleum Exporting Countries. International Brent crude oil futures LCOc1 were at $76 per barrel at 0257 GMT, up 5 cents from their last close. … Read More

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Oil prices drop amid surprise jump in US stockpiles

07 July, 2018 9:11 am 9:11 am

TOKYO (Reuters) – Oil prices dropped on Wednesday after an industry group reported that US crude inventories rose last week, defying analyst expectations for a significant reduction. Brent futures were down 31 cents, or 0.4 percent, at $71.85 a barrel by 0240 GMT. They rose 32 cents to $72.16 a barrel on Tuesday, after earlier … Read More

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Oil prices drop on prospect of rising supplies

06 June, 2018 1:27 pm 1:27 pm

SINGAPORE (Reuters) – Oil prices fell on Wednesday, pulled down by rising supplies in the United States and expectations that voluntary output cuts led by producer cartel OPEC could be loosened. Brent crude futures LCOc1, the international benchmark for oil prices, were at $75.65 per barrel at 0329 GMT, down 23 cents, or 0.3 per … Read More

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Oil dips to remain near three-month lows as headwinds persist

07 July, 2016 8:32 am 8:32 am

SINGAPORE – Oil prices dipped in Asian trading on Wednesday as plentiful supplies and slowing economic growth weighed on markets, although some analysts said that the current downtrend would be modest and see a recovery later this year. International Brent crude oil futures LCOc1 were trading at $44.81 at 0148 GMT, down 6 cents from … Read More

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