Tag Archives: oil

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Asian stocks set to fall sharply as Wall Street tumbles

06 June, 2020 9:16 am 9:16 am

NEW YORK (Reuters) – Asian equities are set to fall sharply on Friday after Wall Street stocks and oil tumbled over growing concerns that a resurgence of coronavirus infections could stunt the pace of reopening economies. The three major US stock indexes fell more than 5%, posting their worst day since mid-March, when markets were … Read More

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Asia shares follow S&P 500 higher, oil and gold jump

05 May, 2020 9:19 am 9:19 am

SYDNEY (Reuters) – Asian shares were led higher by S&P 500 futures on Monday and oil prices hit a five-week peak as countries’ efforts to re-open their economies stirred hopes the world was nearer to emerging from recession. Summer weather is enticing much of the world to emerge from coronavirus lockdowns as centres of the … Read More

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Asian stocks, oil higher as economies emerge from lockdown

05 May, 2020 8:40 am 8:40 am

HONG KONG/NEW YORK (Reuters) – Asian stocks rose on Tuesday, tracking a late Wall Street rally as governments eased coronavirus lockdowns while oil extended gains on expectations fuel demand would begin to pick up. Brent crude rose 4.3% to $28.37 a barrel, up for a sixth straight day, and U.S. crude rose 1.38% to $21.77 … Read More

Oil slips on oversupply fears, but stocks jump on virus slowdown hopes

04 April, 2020 10:22 am 10:22 am

SYDNEY (Reuters) – Oil prices skidded on Monday after Saudi-Russian negotiations to cut output were delayed, keeping oversupply concerns alive, while stocks jumped as investors were encouraged by a slowdown in coronavirus-related deaths and new cases. In currency markets, sterling GBP= fell 0.4% early in Asia after British Prime Minister Boris Johnson was admitted to … Read More

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Oil, shares slip on doubts over Saudi-Russia deal

04 April, 2020 9:55 am 9:55 am

TOKYO/NEW YORK (Reuters) – Oil prices retreated on Friday after massive gains, while stocks in Asia edged down, as doubts grew over an oil price deal between Saudi Arabia and Russia that US President Donald Trump said he had brokered. With the coronavirus pandemic raising the risk of a prolonged global downturn, investors continued to … Read More

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Oil markets slump amid coronavirus chaos

03 March, 2020 9:13 am 9:13 am

TOKYO (Reuters) – Oil prices fell as governments escalated lockdowns to curb the spread of the global coronavirus outbreak that has slashed the demand outlook for oil and threatened a global economic contraction. Brent crude LCOc1 futures fell $1.09, or 4%, to $25.89 a barrel by 0209 GMT. West Texas Intermediate (WTI) crude CLc1 futures … Read More

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Oil rises for second day amid hopes for output cut by US producers

03 March, 2020 9:49 am 9:49 am

TOKYO (Reuters) – Oil prices climbed for a second day on Wednesday, lifted by hopes that US producers will cut output, but gains were limited compared with Monday’s crash after Saudi Arabia and Russia triggered a price war. Brent crude futures rose $1.44, or 3.9%, to $38.66 a barrel by 0226 GMT, while U.S. West … Read More

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Oil prices rebound 6% after rout, but outlook volatile

03 March, 2020 9:55 am 9:55 am

SINGAPORE (Reuters) – Oil prices bounced around 6% on Tuesday, but analysts saw little chance of a major recovery from the biggest daily rout in nearly 30 years after top producers Saudi Arabia and Russia launched a price war. Crude was supported by hopes for a settlement and potential US output cuts, but gains could … Read More

Oil Oil crashes Saudi Arabia price war Russia slashing

Oil crashes after Saudi Arabia launches price war with Russia

03 March, 2020 12:39 pm 12:39 pm

TOKYO (Reuters) – Oil fell by almost 30% on Monday, the most since 1991 after Saudi Arabia started a price war with Russia by slashing its selling prices and pledging to unleash its pent-up supply onto a market reeling from falling demand because of the coronavirus outbreak. Brent crude futures fell by as much as … Read More

Oil prices rise as new virus cases slow, easing Chinese demand concerns

02 February, 2020 9:25 am 9:25 am

SEOUL (Reuters) – Oil prices rose for a second day on Wednesday amid preliminary signs that new coronavirus cases are slowing in China, easing concerns over the demand impact from the disease in the world’s second-largest oil consumer. Brent crude LCOc1 was up 73 cents, or 1.3%, at $54.75 per barrel at 0137 GMT. U.S. … Read More

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Oil falls 2% as China virus cases surpass SARS total

01 January, 2020 9:33 pm 9:33 pm

NEW YORK (Reuters) – Oil prices fell 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting. Brent crude LCOc1 was down $1.20, or 2%, to $58.61 a barrel … Read More

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Oil edges up after plunge, as market recovers poise

01 January, 2020 12:32 pm 12:32 pm

TOKYO (Reuters) – Oil prices rose on Thursday, recouping some of the heavy losses from the previous session as the market rebalanced after Washington and Tehran looked to defuse a potential Middle East crisis. Prices had soared in response to the killing of an Iranian general in an American air strike last week and Iran’s … Read More

Stocks, gold and oil whipsawed as Iran strikes pushes Mideast to brink

01 January, 2020 10:01 am 10:01 am

SHANGHAI (Reuters) – Financial markets were roiled on Wednesday after Iran fired missiles at US forces in Iraq, sending Asian stocks and US Treasury yields sliding and sharply lifting oil prices as investors feared a wider conflict in the Middle East. Iran’s missile attacks on the Ain Al-Asad air base and another in Erbil, Iraq, … Read More

Asia stocks rally, oil skids as investors reassess Mideast risk

01 January, 2020 11:28 am 11:28 am

SYDNEY (Reuters) – Asian shares rebounded on Tuesday as investors’ reassessed the risk of an all-out conflict between the United States and Iran, while Wall Street battled back to the black as tech stocks climbed. Oil surrendered hefty gains as some speculated Iran would be unlikely to strike against the US in a way that … Read More

Gold, oil, soar, US, Iran, trade, threats

Gold, oil soar on US and Iran trade threats

01 January, 2020 3:28 pm 3:28 pm

LONDON (Reuters) – Tensions in the Middle East after the killing of a top Iranian general by the United States erased new year gains for a gauge of world shares on Monday as investors pushed safe-haven gold to a seven-year high, and oil jumped to its highest since September. The United States detected a heightened … Read More