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Oil extends gains on dollar-slide, talk of output cutCrude oil futures extended gains from the previous session on Thursday, as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record US stocks. Despite this, anal More… |
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Oil extends gains on dollar-slide, talk of output cutCrude oil futures extended gains from the previous session on Thursday, as a weaker dollar and unconfirmed talk of producers potentially meeting to discuss output cuts lifted the market despite record US stocks. Despite this, anal More… |
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Oil recovers from 2pc drop, US crude stocks in focusCrude futures rose on Wednesday to recover ground from sharp drops in the previous session, boosted by expectations that US crude stocks could fall for a fourth straight week. Prices were also supported by comments from western di More… |
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Oil extends gains on drop in US crude stocksOil extended gains on Wednesday after posting its strongest daily rise in weeks in the previous session, supported by bets that US crude stockpiles will fall for a second straight week as production slows. US crude futures neared More… |
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Oil holds above $60 after Saudi price hikesBrent held above $60 a barrel on Wednesday supported by a hike in Saudi crude prices and strikes on oil facilities in Libya. In a move widely seen as a vote of confidence by Saudi Arabia in demand recovery, the Opec kingpin raised More… |
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Oil dips toward $61 as US crude stocks weighBrent crude fell towards $61 on Thursday, reversing previous gains as a bulging US crude stockpiles offset glimpses of an oil demand recovery. Both Brent and US crude recorded their largest percentage gains in nearly two weeks at More… |
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Oil near $55 after big fall on record US crude stocksBrent hovered near $55 a barrel on Thursday after data showed US crude stockpiles set a record for the fifth week in a row, renewing fears that supply is still far outpacing demand. March Brent futures were up 34 cents to $55 a ba More… |
