Oil slips on oversupply worries despite OPEC deal Oil prices fell on Tuesday, pressured by concerns that production cuts by the world's big exporters may not be enough to drain a global glut that has depressed the market for almost three years. Benchmark Brent crude LCOc1 was down 45 cents […]
Jeffrey Halley
Oil prices rise in anticipation of extended OPEC-led output cut Oil prices rose ahead of an OPEC meeting on Thursday that is expected to extend output cuts into 2018, adding at least nine months to an initial six-month curb in the first half of this year. Brent crude futures LCOc1 […]
Oil gives up earlier gains as rising US output, China concerns weigh Oil prices gave up earlier gains on Tuesday, as concerns over slowing demand and a relentless rise in U.S. crude output undermined the impact of hopes that OPEC-led production cuts could be extended. Brent crude futures, the international […]
Oil prices fall on bloated U.S. market, but other regions tighten Oil prices fell on Thursday as record U.S. crude inventories underscored that markets remain bloated, although traders said there were signs that other regions were gradually tightening. Brent crude futures were at $54.09 per barrel at 0530 GMT, down […]
Gold slips as dollar strengthens against yen post Trump-Abe meet Gold slips as dollar strengthens against yen post Trump-Abe meet:– Gold slipped on Monday as the dollar strengthened against the yen, with the greenback buoyed by a smooth meeting between U.S. President Donald Trump and Japanese Prime Minister Shinzo Abe […]
Oil prices rise as investors pour fresh cash into crude futures Oil prices rose on Monday, with traders shifting money into crude futures as the dollar weakened, and as concerns rose that new U.S. sanctions against Iran could be extended to affect crude supplies. However, markets were held back by […]
