Monday 26 January 2015

Oil sees biggest gain in 2 years as bears book profits

Oil closed up as much as 5 per cent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009. A sharp bout of short-covering prior to expiry


Brent seen staying in $100-130 range

  Brent crude oil prices will stay in the $100-130/bbl range on average through 2015, while US WTI  faces the risk of crashing to $50, says a new report from Bank of America Merrill Lynch.   Lo


Brent hovers below $98 on US economy, stimulus

Brent crude hovered at below $98 on Thursday after better-than-expected US home sales data and a pledge by the Federal Reserve to keep monetary policy steady drummed up market sentiment. President Barack Obama's call for lower corporate ta


Oil falls to $84 on US supply glut

Oil fell for a fifth-straight session to about $84 on Tuesday, almost erasing April's gains, as a forecast increase in US crude inventories fanned concern about excess supplies and sluggish demand growth. US crude stockpiles probably rose

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