Tag Archives: Oil prices

oil prices US-China trade scant details

Oil prices ease on scant details of US-China trade deal

10 October, 2019 10:13 am 10:13 am

SINGAPORE (Reuters) – Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over the thaw that helped to lift crude markets by 2 per cent. Oil prices, Brent crude futures LCOc1 edged down by 25 cents to $60.26 … Read More

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Battered Saudi oil output to recover in two or three weeks

09 September, 2019 10:08 pm 10:08 pm

LONDON/DUBAI (Reuters) – Saudi Arabia sought to calm markets on Tuesday after an unprecedented attack on its oil facilities, with sources saying output was recovering much more quickly than initially forecast and could be fully back in two or three weeks. The Saudis were initially silent on the impact of the weekend attack that knocked … Read More

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US loaded for potential response to attack on Saudi oil facilities: Trump

09 September, 2019 10:40 am 10:40 am

WASHINGTON (92 News) – US President Donald Trump on Monday said that the US was locked and loaded for a potential response to the attack on Saudi Arabia’s oil facilities. In his tweet, Trump said he approved the release of oil from the US Strategic Petroleum Reserve (SPR) if needed in a quantity to be … Read More

Oil prices surge 15% after attack on Saudi facility hits global supply

09 September, 2019 3:33 am 3:33 am

NEW YORK (Reuters) – Oil prices surged more than 15% at the open market on Sunday after an attack on Saudi Arabia’s oil facilities on Saturday that knocked out more than 5% of global oil supply. Brent crude futures jumped more than 19% to a session high of $71.95 a barrel at the opening, while … Read More

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

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

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

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

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

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

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

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