West Texas Intermediate

Oil Falls as U.S.-China Dispute Threatens Trade

Brent crude and West Texas Intermediate futures both trade lower<p>Oil prices dropped Tuesday as trade tensions and expectations of growing production threatened to upset the global supply-and-demand balance.<p>West Texas Intermediate futures fell 1.2% to $65.07 a barrel at the New York Mercantile …

Oil

West Texas Intermediate hits one-week high of more than $66 a barrel

08 June 2018 - 18:03 Jessica Summers<p>Picture: ISTOCK<p>Published by Tiso Blackstar and distributed with the Financial Mail on the last Thursday of every …

Business (South Africa)

Oil hits its best level in more than 3 years

• <b>West Texas Intermediate crude oil hit the highest level since 2014 early Friday morning.</b>• <b><br>The surge comes after a volatile week in the Middle East.</b>• <b><br>Follow oil prices in real time here.</b><p>Oil prices jumped to a three-year high early Friday morning.<p>West Texas Intermediate crude rose to $67.76 a barrel — a …

Oil

Why U.S. Oil Prices Have Room to Run

<i>This article was originally published on ETFTrends.com.</i><p>The United States Oil Fund (NYSEArca: USO), which tracks West Texas Intermediate crude oil futures, and the United States Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, are up about 8% and nearly 11%, respectively, over …

Oil

Crude Oil Prices - Weekly Outlook: April 2 - 6

Investing.com - Ongoing efforts by major global oil producers to cut output and reduce a global glut against a steady increase in U.S. production …

Oil

Oil Hits Six-Week High With Iran, OPEC, Inventory Worries

Oil hit a six-week high on Wednesday, closing in on a 3-year peak set in late January, on a surprise decline in U.S. inventories, strong compliance …

Oil

Oil holds above $70 on geopolitical tension

London — Oil rose on Tuesday, holding above $70 a barrel for a third day, supported by the concern that tension in the Middle East could lead to …

Oil

$70 Oil Could Spark An Offshore Oil Boom

Geopolitical risk bearing down on global oil markets is increasingly taking hold and weighing on oil prices as Saudi Arabia and Iran jockey for …

Oil

Oil rises as Saudi talks about extending output cuts into 2019

Oil prices rose on Friday after the Saudi energy minister said OPEC would need to keep coordinating supply cuts with non-member countries including Russia into 2019.<p>The rise in oil defied global stock markets, which slumped on worries about a trade stand-off between the United States and China. …

Oil

UPDATE 10-Oil rises as Saudi backs extending output cuts into 2019

© Reuters. UPDATE 10-Oil rises as Saudi backs extending output cuts into 2019<p>* Crude benchmarks post strongest weekly rises since July<p>* U.S. rig …

Oil

Oil prices rise as Saudi says production curbs could last into 2019

Oil prices rose by around 1 percent on Friday, pushed up by Saudi plans for OPEC and Russian led production curbs introduced in 2017 to be extended …

Oil

Oil loses ground as rising U.S. output threatens to disrupt tightening market

Oil prices gave up earlier gains as the relentless rise in U.S. crude production threatens to undermine efforts led by producer cartel OPEC to tighten the market.<p>Brent crude futures were at $69.35 per barrel at 0722 GMT, down 12 cents, or 0.2 percent from their last close.<p>U.S. West Texas …

Oil

Equities, commodities hit by trade war worries

NEW YORK (Reuters) - The threat of a global trade war pushed benchmark equity indexes in the United States and Europe deep into the red on Thursday and cut into commodity prices, a day after the Federal Reserve raised interest rates as expected.<p>U.S. President Donald Trump signed a presidential …

Economy

Dollar slips after Fed decision, trade worries shackle shares

The US dollar slipped on Thursday after the Federal Reserve held back from increasing the pace of this year's rate hikes, while worries over an …

Economy

China's oil futures: frazzle or dazzle for foreign traders?

BEIJING (Reuters) - China's crude oil futures, to be launched on Monday, will be a major step in Beijing's years-long push to win greater sway over oil pricing, but for western traders it will likely bring frustration as well as opportunity.<p>Shanghai Crude aims to rival the world's two crude …

China

Wall Street trims losses as Trump talks tariffs, but eases trade war fears

U.S. stocks slid on Thursday, but were off session lows, after President Donald Trump said he planned to impose tariffs on up to $60 billion of Chinese imports, but his action was far removed from threats that could have ignited a global trade war.<p>Nr, Trump, according to a presidential memorandum …

Business (Canada)

At midday: Wall Street weighed down by trade war worries

The threat of a global trade war pushed the U.S. dollar to its lowest in over a month on Thursday and dragged benchmark equity indexes in the U.S. and Europe into the red, a day after the Federal Reserve raised interest rates as expected.<p>It was the dollar's third decline in four sessions and helped …

Business (Canada)

Global Markets: Equities, commodities hit by trade war worries | Reuters

NEW YORK (Reuters) - The threat of a global trade war pushed benchmark equity indexes in the United States and Europe deep into the red on Thursday and cut into commodity prices, a day after the Federal Reserve raised interest rates as expected.<p>U.S. President Donald Trump signed a presidential …

Economy

Equities, commodities hit by trade war worries

NEW YORK (Reuters) - The threat of a global trade war pushed benchmark equity indexes in the United States and Europe deep into the red on Thursday and cut into commodity prices, a day after the Federal Reserve raised interest rates as expected.<p>U.S. President Donald Trump signed a presidential …

Stock Markets

Oil rises as Saudi backs extending output cuts into 2019

NEW YORK (Reuters) - Crude prices rose on Friday, hitting their highest since late January after the Saudi energy minister said OPEC and allied producers would need to keep coordinating supply cuts into 2019, and as concerns grew over the future of Iranian crude exports.<p>Brent crude futures <LCOc1> …

Oil

Dollar on defensive after Fed, trade worries nag Asian shares

The U.S. dollar was on the defensive on Thursday after posting its largest loss in two months when the Federal Reserve turned out to be less hawkish than anticipated.<p>Worries about a potential trade war between China and the United States kept gains in Asian shares in check.<p>MSCI's broadest index of …

Stock Markets

Oil rises to three-week high on Mideast tensions, Venezuela concerns

© Reuters. Oil tanks are seen at an oil warehouse at Yangshan port in Shanghai<p>By Stephanie Kelly<p>NEW YORK (Reuters) - Oil prices climbed to their …

Oil

Oil rises to three-week high on Mideast tensions, Venezuela concerns | Reuters

NEW YORK (Reuters) - Oil prices climbed to their highest level in three weeks on Tuesday as tension in the Middle East and the possibility of further falls in Venezuelan output helped offset the impact of growing U.S. crude production.<p>Oil tanks are seen at an oil warehouse at Yangshan port in …

Oil

Crude Oil Prices - Weekly Outlook: March 19 - 23

© Reuters. Oil prices surge amid hightened geopolitical risks<p>Investing.com - Oil prices rose sharply on Friday, with Brent futures settling at their …

Oil

UPDATE 8-Oil prices jump, Brent hits highest in more than 2 weeks

© Reuters. UPDATE 8-Oil prices jump, Brent hits highest in more than 2 weeks<p>* Oil traders cover shorts ahead of Saudi prince interview<p>* Wall Street …

Oil

Crude Spike on Friday Blamed on `Sideways Trading'

Crude ended Friday higher after a curious, late-morning spike left analysts scratching their heads.<p>The market was little changed during morning hours …

Oil

Oil prices jump, Brent hits highest in more than two weeks | Reuters

NEW YORK (Reuters) - Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. stock prices rose and investors covered short bets ahead of a weekend in which the U.S. news programme “60 Minutes” will air an interview with Saudi Arabia’s crown …

Oil

Oil prices jump, Brent hits highest in more than two weeks

By Stephanie Kelly<p>NEW YORK (Reuters) - Oil prices jumped on Friday, with Brent crude futures hitting their highest in more than two weeks as U.S. …

Oil

IEA Raises Oil Demand Forecast, Says U.S. Protectionism a Potential Risk

© Reuters. IEA raises oil demand but warns against U.S. protectionism.<p>Investing.com- Global demand for oil is expected to increase in the next year …

Oil

U.S. crude oil exports nearly double, Canada receives largest share

U.S. crude oil exports nearly doubled to 1.1 million barrels per day in 2017, from 2016, according to the <b>U.S. Energy Information Administration</b>. Last …

Oil