Oil markets on Friday remained weak as rising supply and concerns of an economic slowdown pressured prices, with U.S. crude now down by around 20 percent since early October. Continue Reading Below U.S. West Texas Intermediate (WTI) crude oil futures were at $65.60 per barrel at 0509 GMT, down 4 […]
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Oil rises on China record crude imports
Oil prices rose on Thursday after record Chinese crude imports eased concerns that a slowdown in the world’s No.2 economy could stoke an emerging fuel glut. Continue Reading Below However, oil markets were held back somewhat after the United States became the world’s top crude producer as its output hit […]
21st Century Fox quarterly EPS up 6%, revenue rises 2%
(Reuters) – Twenty-First Century Fox Inc fell short of estimates for quarterly revenue on Wednesday, hit by the absence of a major movie hit at the end of the U.S. summer as it prepares to sell the bulk of its business to Walt Disney Co. Continue Reading Below Murdoch agreed […]
Oil dips amid well-supplied market, Iran sanction waivers
Oil prices dipped on Wednesday as high output and U.S. sanction waivers allowing Iran’s biggest buyers to keep taking its crude reinforced the outlook for a well-supplied market. Continue Reading Below Front-month Brent crude oil futures were at $71.83 per barrel at 0750 GMT, down 30 cents, or 0.4 percent, […]
Oil prices rise for first time in three days
Oil prices climbed for the first time in three days on Wednesday, but rising supply and fears over the outlook for demand amid the U.S.-China trade war kept pressure on the market. Continue Reading Below Brent crude futures had gained 49 cents, or 0.7 percent, to $76.40 a barrel by […]
Brent oil prices dip on rising supply, market woes
Brent oil prices dipped on Tuesday, weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran’s crude exports. Continue Reading Below Front-month Brent crude oil futures were at $77.05 a barrel at 0428 GMT, down 29 cents, or 0.4 […]
Oil dips as markets remain cautious on trade concerns
Oil prices dipped on Monday as sentiment remained cautious after a plunge in financial markets last week triggered worries that global growth may be slowing. Continue Reading Below Front-month Brent crude oil futures were at $77.56 a barrel at 0430 GMT, 6 cents below their last close. U.S. West Texas […]
Oil prices drop as oversupply looms amid global market woes
Oil prices fell on Friday and were heading for a third weekly loss, as Saudi Arabia warned of oversupply amid a slump in global equities and trade that cloud the fuel outlook for demand. Continue Reading Below Brent crude futures were down 47 cents, or 0.6 percent, at $76.42 a […]
Oil prices pulled down by global stock market plunge
Oil prices fell on Thursday as Asian shares plunged in the wake of Wall Street’s biggest daily decline since 2011, while spread betters pointed to a subdued start for European markets. Continue Reading Below Front-month Brent crude oil futures were at $75.82 a barrel at 0656 GMT, down 35 cents, […]
Oil prices claw back previous losses as Iran sanctions focus returns
Oil prices on Wednesday clawed back some of their hefty losses from the day before as the looming U.S. sanctions against Iran came back into focus. Continue Reading Below Front-month Brent crude oil futures were at $76.76 a barrel at 0452 GMT, 32 cents, or 0.4 percent, above their last […]