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Commodity Capsule: Oil prices fell sharply on Monday

Commodity Capsule: Oil prices fell sharply on Monday

Mon, Oct 28, 2024

Oil prices fell sharply on Monday, to four week low, weighed by easing fears of a Middle East war after an Israeli strike against Iran, over the weekend

Brent crude fell by about 2.5%

Brent crude fell by about 2.5%

Tue, Oct 01, 2024

Brent crude slipped below $70, Brent crude fell by about 2.5%

Bad condition of Brent crude, till when will the prices of crude fall?

Bad condition of Brent crude, till when will the prices of crude fall?

Fri, Sep 27, 2024

Saudi attack on Brent Crude. Bad condition of Brent Crude! How long will the prices of Crude fall? When will there be stagnation in crude oil? And will crude oil slide? Know complete details in this video.

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Global Markets - Oil slump spooks investors; China stocks underwhelmed by MSCI

Global Markets - Oil slump spooks investors; China stocks underwhelmed by MSCI

Wed, Jun 21, 2017

A renewed slump in oil prices to seven-month lows put Asian investors on edge on Wednesday, overshadowing a decision by U.S. index provider MSCI to add mainland Chinese stocks to one of its popular benchmarks.

Oil prices struggle on doubts OPEC can rein in oversupply

Oil prices struggle on doubts OPEC can rein in oversupply

Thu, Jun 15, 2017

"Production growth in Libya and Nigeria and continued rig additions in U.S. are complicating the picture, raising doubts on OPEC`s strategy. For OECD inventories to return to the normalized levels, OPEC needs to drain by 34 million barrels a month or 1 million barrels for the next 10 months. This looks challenging," AB Bernstein said.

Oil falls as rising Libyan, U.S. output undermines cuts

Oil falls as rising Libyan, U.S. output undermines cuts

Wed, May 31, 2017

Oil prices fell on Wednesday, as rising output from Libya added to concerns about increasing U.S. production which is undermining OPEC-led production cuts aimed at tightening the market.

Strong start to summer driving season pushes U.S. oil towards $50

Strong start to summer driving season pushes U.S. oil towards $50

Tue, May 30, 2017

U.S. crude oil prices rose towards $50 per barrel on Tuesday as a strong start to the summer driving season in the United States suggested strong fuel demand in months ahead.

Oil falls as U.S. drilling undermines drive to tighten markets

Oil falls as U.S. drilling undermines drive to tighten markets

Mon, May 29, 2017

Brent crude futures were trading down 15 cents, or 0.3 percent, at $52.00 per barrel at 0253 GMT.

Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat

Oil languishes after OPEC fails to deepen supply cuts, Asia stocks retreat

Fri, May 26, 2017

The Organization of Petroleum Exporting Countries and some non-OPEC producers agreed at a meeting in Vienna on Thursday to extend supply cuts of 1.8 million barrels per day until the end of the first quarter of 2018.While OPEC`s move had been expected, some oil market investors had hoped producers would agree to longer or deeper cuts to drain a global glut of oil.

Asian shares firm, dollar and US bond yields slip after Fed

Asian shares firm, dollar and US bond yields slip after Fed

Thu, May 25, 2017

MSCI`s broadest index of Asia-Pacific shares outside Japan advanced 0.3 percent, with South Korea leading with a 0.4 percent rise.

Asian shares, yuan down after Moody's downgrades China

Asian shares, yuan down after Moody's downgrades China

Wed, May 24, 2017

The Aussie fell as much as 0.3 percent to $0.7455 while the yuan slipped to 6.8901 per U.S. dollar , 0.1 percent below late U.S. levels after Moody`s downgraded China to A1 from AA3.

India could invest in Aramco IPO to strengthen ties

India could invest in Aramco IPO to strengthen ties

Tue, May 23, 2017

"I`m expecting Aramco to be a supplier for a very long time... We discussed the idea with (Saudi energy) minister (Khalid al) Falih in Houston this year. They (Aramco) are interested in the joint venture," Pradhan said in an interview.

Sterling retreats after Manchester blast, stocks steady

Sterling retreats after Manchester blast, stocks steady

Tue, May 23, 2017

Sterling remained under pressure after police said at least 19 people were killed and about 50 injured in an explosion at a concert in Manchester where U.S. singer Arianna Grande had been performing.

Asia stocks mixed, but Trump's troubles weigh

Asia stocks mixed, but Trump's troubles weigh

Fri, May 19, 2017

Japan`s Nikkei was almost 0.1 percent higher, headed for a decline of 1.6 percent for the week.

Global Markets: Oil price jump on U.S. inventories slide boosts stocks

Global Markets: Oil price jump on U.S. inventories slide boosts stocks

Thu, May 11, 2017

Oil prices held on to 3 percent-plus overnight gains, their biggest one-day jump since Dec. 1, following a steep drop in U.S. inventories and support from Iraq and Algeria for an extension to OPEC supply cuts.

Oil at bright spot in subdued markets as investors seek next catalyst

Oil at bright spot in subdued markets as investors seek next catalyst

Tue, May 09, 2017

The Korean won was slightly lower on Tuesday, with the dollar buying 1,132.08 won. South Korean stocks closed at a record high on Monday.

Oil rebounds, as OPEC talks up cutting supply into 2018

Oil rebounds, as OPEC talks up cutting supply into 2018

Tue, May 09, 2017

Oil prices have been under pressure of late, amid investor concerns the global supply glut is not receding as fast as expected.

Protectionism can blunt US firms' efficiency & can affect Indian companies, says FM Arun Jaitley

Protectionism can blunt US firms' efficiency & can affect Indian companies, says FM Arun Jaitley

Sun, May 07, 2017

India's finance minister Arun Jaitley while speaking at 'Asia's Economic Outlook: Talking Trade' on the sidelines of Asian Development Bank's 50th annual meet in Japan said that the US firms may become sluggish if cheaper products and efficient services are cut off to them due to protectionist policies.

Oil prices pinned near five-month low as supply glut weighs

Oil prices pinned near five-month low as supply glut weighs

Fri, May 05, 2017

"So far OPEC`s strategy to draw down inventories has not worked ... It seems obvious to us that OPEC will need to keep the cuts in place for longer than the next 6 months if their strategy is to have any chance of success," Neil Beveridge, senior oil and gas analyst at AB Bernstein in Hong Kong said in a note to clients on Friday.

Asian stocks tread water on US, commodities concerns

Asian stocks tread water on US, commodities concerns

Fri, May 05, 2017

Traders also remained cautious ahead of Friday`s U.S. government payrolls report, following March`s underwhelming 98,000 figure.

Brent crude closes at 2017 low, erases gains since OPEC's cuts

Brent crude closes at 2017 low, erases gains since OPEC's cuts

Wed, May 03, 2017

The market was already trading lower prior to the technical selloff on reports of rising output in the United States, Canada and Libya and declining compliance by members of the Organization of the Petroleum Exporting Countries with the deal to cut output during the first half of this year.

Asia stocks ride global momentum, dollar up on June Fed rate hike bets

Asia stocks ride global momentum, dollar up on June Fed rate hike bets

Wed, May 03, 2017

MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.1% early on Wednesday, within a hair of a near-two-year high hit on Tuesday.

Oil markets remain cautious on record supplies

Oil markets remain cautious on record supplies

Fri, Apr 21, 2017

Oil opened the last day of a choppy trading week on a cautious note over doubts that an OPEC-led production cut was having the desired effect of restoring balance to a market that has been dogged by oversupply for more than two years.

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