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Oil prices ease on caution over US debt ceiling talks Oil prices fell in early Asian trade on Thursday as traders warily watched for signs of progress on talks to raise the U.S. debt ceiling, after surging nearly 3% in the previous session on optimism over U.S. fuel demand. Brent crude futures dipped 20 cents, 0.3%, to $76.76 a barrel as of 0228 GMT. U.S. West Texas Intermediate crude also dropped 20 cents to $72.63 a barrel. A sharp plunge in U.S. gasoline inventories due to demand surging to the highest levels since 2021, and optimism su...
Oil prices ease on caution over US debt ceiling talks
Oil prices ease on caution over US debt ceiling talks
Source: Reuters
18/05/2023 8:50:56 AM
Oil prices inch up as recession fears begin to fade Oil prices rose slightly in early Asian trade on Monday as fears of a recession in the U.S., which drove prices down for three straight weeks for the first time since November, began to recede. Brent crude futures were up 6 cents at $75.36 a barrel at 0022 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 8 cents at $71.42. Concerns that the U.S. banking crisis will slow the economy and sap fuel demand in the world's biggest oil consuming nation drove the Brent benchmark...
Oil prices inch up as recession fears begin to fade
Oil prices inch up as recession fears begin to fade
Source: Reuters
8/05/2023 8:55:37 AM
Oil extends losses as investors brace for more rate hikes  Oil prices extended losses on Wednesday, after slumping about 5% to a five-week low in the previous session, as investors braced for more rate hikes this week that could dent energy demand. Brent futures fell 13 cents, or 0.2%, to $75.19 a barrel by 0015 GMT, while West Texas Intermediate crude (WTI) also fell 13 cents, or 0.2%, to $71.53. Both benchmarks closed at their lowest since March 24 in the previous session, when they also recorded their biggest one-day percentage decline...
Oil extends losses as investors brace for more rate hikes
Oil extends losses as investors brace for more rate hikes
Source: Reuters
3/05/2023 8:47:43 AM
New normal for Brent crude price may be $ 75-80 a barrel The new normal for Brent crude price may be around Saudi Arabia's fiscal break-even crude price of USD 75-80 a barrel, JM Financial Institutional Securities said in a report. IEA expects the surprise, voluntary output cut of 1.66mmbpd (from May'23 till end-CY'23) by OPEC+ to push the oil market into deficit in 2HCY23; this deficit will be aided by continued expectation of CY23 global oil demand growing by 2.0mmbpd on likely rebound in China. "We believe the OPEC+ output...
New normal for Brent crude price may be $ 75-80 a barrel
New normal for Brent crude price may be $ 75-80 a barrel
Source: IANS
20/04/2023 11:40:02 AM
Oil steadies as investors take stock of banking crisis  Oil prices were little changed on Friday after a meeting between Saudi Arabia and Russia calmed markets, but crude benchmarks were still headed for a second weekly fall after a banking crisis sparked a sell-off in global financial markets this week. Brent crude futures edged up 2 cents to $74.72 a barrel by 0133 GMT, having snapped three days of losses to settle 1.4% higher on Thursday. U.S. West Texas Intermediate crude was at $68.33 a barrel, down 2 cents after closing 1.1% high...
Oil steadies as investors take stock of banking crisis
Oil steadies as investors take stock of banking crisis
Source: Reuters
17/03/2023 8:59:27 AM
Oil stabilises as surprise US crude draw offsets rate hike jitters Oil prices steadied in early Asian trade on Wednesday as industry data showed a draw in U.S. crude oil inventories, after the market tumbled in the previous session on fears more aggressive U.S. interest rate hikes would hit demand. Brent crude futures for April gained 8 cents to $83.37 per barrel by 0120 GMT. U.S. West Texas Intermediate (WTI) crude futures lost 4 cents to $77.54 a barrel. Supporting the market on Wednesday, data from the American Petroleum Institute showed U.S. crude ...
Oil stabilises as surprise US crude draw offsets rate hike jitters
Oil stabilises as surprise US crude draw offsets rate hike jitters
Source: Reuters
8/03/2023 9:04:22 AM
Wall Street ends sharply lower, dollar gains on hawkish policy fears U.S. stocks tanked and the dollar eked out a small gain on Thursday as solid economic data fueled worries that the Federal Reserve's monetary policy will hover at restrictive levels for longer than many market participants may have hoped. The S&P 500 and the Dow lost 1.5% and 1.1%, respectively, while semiconductor stocks and interest rate-sensitive megacaps pulled the tech-laden Nasdaq down 2.2%. The sell-off helped bolster the greenback against a basket of world currencies. ...
Wall Street ends sharply lower, dollar gains on hawkish policy fears
Wall Street ends sharply lower, dollar gains on hawkish policy fears
Source: Reuters
22/12/2022 8:47:27 PM
Oil falls by $1/bbl as rate hike fears outweigh tighter U.S. stockpiles Oil fell by around $1 a barrel on Thursday in volatile trade as the impact of tighter U.S. crude stocks due to a winter storm in the United States was outweighed by fears that Federal Reserve interest rate hikes and China's rising COVID-19 cases would dent demand. Brent crude futures settled at $80.98 a barrel, losing $1.22, while 1.5%. U.S. West Texas Intermediate (WTI) crude futures settled at $77.49, falling by 80 cents, or 1%. Both benchmarks had risen by $1 a barrel earlier in ...
Oil falls by $1/bbl as rate hike fears outweigh tighter U.S. stockpiles
Oil falls by $1/bbl as rate hike fears outweigh tighter U.S. stockpiles
Source: Reuters
22/12/2022 8:40:36 PM
Oil prices rise on U.S. drawdown, Chinese fears weigh Oil prices rose by more than 2% on Wednesday after data suggested a larger than expected draw in U.S. crude stockpiles, but gains were capped by growing concerns over demand in China and a snow storm that is expected to hit U.S. travel. Brent crude futures were up by $1.77, or 2.2%, at $81.76 a barrel by 1306 GMT. U.S. West Texas Intermediate (WTI) crude futures gained $1.68, or 2.2%, to $77.91. U.S. crude inventories fell by about 3.1 million barrels in the week to Dec. 16, said market...
Oil prices rise on U.S. drawdown, Chinese fears weigh
Oil prices rise on U.S. drawdown, Chinese fears weigh
Source: Reuters
21/12/2022 8:11:52 PM
Oil rises on hopes for China's economy Oil rose on Monday after falling by more than $2 a barrel in the previous session as optimism over the Chinese economy outweighed concern over a global recession. China, the world's top crude oil importer, is experiencing its first of three expected waves of COVID-19 cases after Beijing relaxed mobility restrictions but said it plans to step up support for the economy in 2023. "There is no doubt that demand is being adversely influenced," said Naeem Aslam, analyst at broke...
Oil rises on hopes for China's economy
Oil rises on hopes for China's economy
Source: Reuters
19/12/2022 8:16:27 PM
Global stocks gain, dollar drops ahead of Fed rate decision Global stocks eked out small gains and the dollar slipped on Wednesday on hopes that central banks will stop raising interest rates in early 2023 following the latest U.S. data that showed a slowdown in inflation. Yet nervousness about the next moves by policymakers kept gains in check ahead of a Federal Reserve meeting later on Wednesday and central bank decisions in Europe and Britain on Thursday. The subdued price moves followed a rally in stocks and a sharp drop in the dollar the pr...
Global stocks gain, dollar drops ahead of Fed rate decision
Global stocks gain, dollar drops ahead of Fed rate decision
Source: Reuters
14/12/2022 8:39:51 PM
Oil prices up amid forecasts of 2023 demand uptick Oil prices rose on Wednesday after OPEC and the International Energy Agency (IEA) both forecast a rebound in demand over the course of next year and as U.S. rate hikes are expected to ease alongside slowing inflation. Brent crude futures rose $1.31, or 1.6%, to $81.99 per barrel by 1421 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up $1.41 at $76.80. Both contracts fell around 11% last week. The Brent contract has returned to a backwardated market structure whereby f...
Oil prices up amid forecasts of 2023 demand uptick
Oil prices up amid forecasts of 2023 demand uptick
Source: Reuters
14/12/2022 8:13:09 PM
Oil climbs on weaker dollar and supply disruptions Oil rose by more than $1 on Tuesday against a backdrop of supply disruptions and a sharp decline for the U.S. dollar. Brent crude futures were up $1.59, or 2.04%, to $79.58 a barrel by 1438 GMT. U.S. West Texas Intermediate (WTI) crude futures gained $1.35, or 1.85%, to $74.52. The U.S. dollar index plunged on Tuesday after data showed that underlying U.S. consumer price inflation rose less than expected last month, reinforcing expectations that the Federal Reserve will slow the pace...
Oil climbs on weaker dollar and supply disruptions
Oil climbs on weaker dollar and supply disruptions
Source: Reuters
13/12/2022 8:32:32 PM
Shares, dollar hold steady ahead of key inflation data Global stocks held steady on Tuesday, while the dollar eased modestly ahead of U.S. inflation data that could persuade the Federal Reserve and other central banks to step back from aggressive interest rate hikes. Headline consumer price pressures for November in the world's largest economy are expected to have fallen for a fifth successive month, which in theory would take some pressure off the Fed to raise rates for an extended period of time - something investors have been banking on...
Shares, dollar hold steady ahead of key inflation data
Shares, dollar hold steady ahead of key inflation data
Source: Reuters
13/12/2022 8:16:34 PM
Wall Street steady ahead of inflation data, Fed action Global stocks, U.S. Treasury yields and the dollar were muted on Monday as investors await the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that now-hefty pace of increases in borrowing costs will finally show signs of easing. U.S. stocks edged higher in early trading, indicating a cautious start on Wall Street. The Dow Jones Industrial Average rose 0.34%, the S&P 500 gained 0.19%, and the Nasdaq Composite added 0.14%. Oil prices wer...
Wall Street steady ahead of inflation data, Fed action
Wall Street steady ahead of inflation data, Fed action
Source: Reuters
12/12/2022 8:44:28 PM
Oil steadies after falls as weak economy offsets supply risks Oil prices steadied on Monday after several weeks of declines as a weakening global economy offset supply woes stemming from the closure of a key pipeline supplying the United States and Russian threats of a production cut. Brent crude futures were down 15 cents at $75.95 a barrel by 1310 GMT. U.S. West Texas Intermediate crude was at $71.39 a barrel, up 37 cents. Last week, Brent and WTI fell to their lowest since December 2021 amid concerns that a possible global recession will impact...
Oil steadies after falls as weak economy offsets supply risks
Oil steadies after falls as weak economy offsets supply risks
Source: Reuters
12/12/2022 8:34:11 PM
Oil rebounds from 2022 lows on China demand hopes, tanker delays Oil rebounded on Thursday after four sessions of decline, boosted by hopes that easing anti-COVID measures in China will revive demand and by signs that some tankers carrying Russian oil have been delayed after a G7 price cap came into effect. China on Wednesday announced the most sweeping changes to its resolute anti-COVID regime since the pandemic began, while at least 20 oil tankers faced delays in crossing to the Mediterranean from Russia's Black Sea ports. Brent crude rose 29 c...
Oil rebounds from 2022 lows on China demand hopes, tanker delays
Oil rebounds from 2022 lows on China demand hopes, tanker delays
Source: Reuters
8/12/2022 9:23:52 AM
Stocks slide, dollar clings on as data challenges Fed pause hopes Global stocks headed for a third straight day of losses on Tuesday and the dollar held most of its gains from the previous day after U.S. data drove speculation the Federal Reserve will stick longer with aggressive interest rate rises. MSCI's world index fell 0.3%, set for a third straight session of declines after hitting a three-month high last Thursday. "A reassuring trend was in place - policy tightening, leading to growth slowdown leading to slower inflation - which allowe...
Stocks slide, dollar clings on as data challenges Fed pause hopes
Stocks slide, dollar clings on as data challenges Fed pause hopes
Source: Reuters
6/12/2022 8:32:18 PM
Oil prices fall on economic fears, dollar strength Oil prices fell in a volatile market on Tuesday as the U.S. dollar stayed strong and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and the prospects of a demand boost in China. Brent crude futures fell $1.21, or $1.46%, to $81.47 a barrel by 1254 GMT. West Texas Intermediate crude (WTI) fell $1.18, or $1.53%, to $75.75. Brent had risen by over $1 in Asian trading. Crude futures on Monday recorded their biggest daily drop in two weeks after U.S. serv...
Oil prices fall on economic fears, dollar strength
Oil prices fall on economic fears, dollar strength
Source: Reuters
6/12/2022 8:24:07 PM
Oil ticks up ahead of OPEC+ meeting, EU Russian oil ban Oil futures ticked higher on Friday ahead of a meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) on Sunday and an EU ban from Monday on Russian crude. Brent crude futures were up 65 cents, or 0.8%, at $87.53 per barrel by 1252 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 69 cents, or 0.9%, to $81.91 per barrel. Both Brent and WTI had dipped earlier, but were on track for their first weekly gains, the biggest in two months at around 4.5...
Oil ticks up ahead of OPEC+ meeting, EU Russian oil ban
Oil ticks up ahead of OPEC+ meeting, EU Russian oil ban
Source: Reuters
2/12/2022 8:16:08 PM
Oil buoyed by OPEC+ output speculation and easing China COVID curbs Oil rose about $1 a barrel on Thursday, supported by the potential for OPEC+ to cut supply further and as easing COVID curbs in China raised the likelihood of higher demand from the world's top crude importer. Crude also gained support from dollar weakness prompted by euro zone factory data and the Federal Reserve Chair saying the pace of U.S. interest rate hikes could be scaled back. A weaker dollar makes oil cheaper for other currency holders and tends to support risk assets. T...
Oil buoyed by OPEC+ output speculation and easing China COVID curbs
Oil buoyed by OPEC+ output speculation and easing China COVID curbs
Source: Reuters
1/12/2022 8:13:56 PM
Oil prices rise, but Chinese demand worries linger Oil prices rose on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures were up 92 cents, or 1.1%, to trade at $86.26 a barrel at 1325 GMT. U.S. West Texas Intermediate (WTI) crude futures were up $1.27, or 1.6%, at $79.21 a barrel. There was no WTI settlement on Thursday due to the U.S. Thanksgiving holiday and trading volumes remained low. Both contracts were still headed for...
Oil prices rise, but Chinese demand worries linger
Oil prices rise, but Chinese demand worries linger
Source: Reuters
25/11/2022 7:57:22 PM
Oil drops as price cap proposal eases supply concerns Oil prices fell on Thursday, hovering around two-month lows as the level of a proposed G7 cap on the price of Russian oil raised doubts about how much it would limit supply. A bigger than expected build in U.S. gasoline inventories and widening COVID-19 controls in China also added downward pressure on crude prices. Brent crude futures dipped 52 cents, or 0.6%, to $84.89 a barrel by 1219 GMT, while U.S. West Texas Intermediate (WTI) crude futures fell 15 cents, or 0.2%, to $77.79. Bo...
Oil drops as price cap proposal eases supply concerns
Oil drops as price cap proposal eases supply concerns
Source: Reuters
24/11/2022 8:20:25 PM
Oil prices fall more than $2 on Russian oil price cap talks Oil prices fell by more than $2 a barrel on Wednesday as the Group of Seven (G7) nations looked at a price cap on Russian oil above where the crude grade is currently trading. Brent crude futures fell $2.71, or 3.07%, to $85.65 a barrel at 1314 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down $2.39, or 2.95%, at $78.56 a barrel. Both contracts rose by more than $1/bbl earlier in the day, but "pared gains following reports that the G7 price cap on Russian oil co...
Oil prices fall more than $2 on Russian oil price cap talks
Oil prices fall more than $2 on Russian oil price cap talks
Source: Reuters
23/11/2022 8:12:40 PM
Oil rises as OPEC+ focus on supply cuts outweighs recession concerns Oil rose on Tuesday after top exporter Saudi Arabia said OPEC+ was sticking with output cuts and could take further steps to balance the market, outweighing global recession worries and concern about China's rising COVID-19 case numbers. Saudi Arabian Energy Minister Prince Abdulaziz bin Salman on Monday was also quoted by state news agency SPA as denying a Wall Street Journal report that said OPEC was considering boosting output and sent prices plunging by more than 5%. Brent crude...
Oil rises as OPEC+ focus on supply cuts outweighs recession concerns
Oil rises as OPEC+ focus on supply cuts outweighs recession concerns
Source: Reuters
22/11/2022 9:15:39 PM
World stocks on back foot as China COVID cases rise World stocks and oil prices fell on Monday as fresh COVID-19 curbs in China fuelled worries over the global economic outlook. The safe-haven dollar rallied, while the U.S. Treasury yield curve remained deeply inverted in a sign that investors remain alert to global recession risks. Coronavirus outbreaks across China are a setback to hopes for an easing of strict pandemic restrictions, one factor cited for a 10% slide in oil prices last week and Monday's lacklustre opening in Europea...
World stocks on back foot as China COVID cases rise
World stocks on back foot as China COVID cases rise
Source: Reuters
21/11/2022 8:13:44 PM
Oil prices slide after Druzhba crude pipeline resumes flows Oil prices fell sharply on Wednesday as Russian oil shipments via the Druzhba pipeline to Hungary restarted, prompting the reversal of earlier gains following an attack on an oil tanker off the coast of Oman. Brent crude futures fell $1.88, or 2%, to $91.98 a barrel by 1418 GMT, and U.S. West Texas Intermediate (WTI) crude futures slid $2.29, or 2.6%, to $84.63 a barrel. Both benchmarks rose sharply earlier in the session after a tanker was hit off the coast of Oman on Tuesday, sustaini...
Oil prices slide after Druzhba crude pipeline resumes flows
Oil prices slide after Druzhba crude pipeline resumes flows
Source: Reuters
16/11/2022 8:15:43 PM
Oil falls by over $1/bbl on Chinese demand concerns Oil prices fell by over $1 a barrel on Tuesday as rising COVID-19 cases in China heightened fears of lower fuel consumption from the world's top crude importer. Brent crude futures were down $1.08, or 1.16%, to $92.06 a barrel at 1435 GMT, while U.S. West Texas Intermediate crude fell $1.13, or 1.32%, to $84.74. Investors cheered China's announcements last week that it would reduce the impact of a strict zero-COVID policy to spur economic activity and energy demand, but analysts...
Oil falls by over $1/bbl on Chinese demand concerns
Oil falls by over $1/bbl on Chinese demand concerns
Source: Reuters
15/11/2022 8:36:27 PM
Global stocks rally and dollar drops as U.S. inflation eases Global stocks rose and the dollar retreated on Tuesday as a fall in U.S. inflation and an improving outlook for China's economy continued to cheer investors. Equities and bonds jumped last week after data showed that U.S. consumer inflation slowed down by more than expected in October, raising hopes the Federal Reserve will let up on the interest rate hikes which have battered economies and markets this year. The mood remained bright on Tuesday, with the MSCI All World stock index r...
Global stocks rally and dollar drops as U.S. inflation eases
Global stocks rally and dollar drops as U.S. inflation eases
Source: Reuters
15/11/2022 8:19:38 PM
Oil prices fall more than 2% on U.S. inventory build, China COVID worries By Laila Kearney NEW YORK -Oil prices dropped by about $2 a barrel on Wednesday after industry data showed that U.S. crude stockpiles rose more than expected and on concerns that a rebound in COVID-19 cases in top importer China would hurt fuel demand. Brent crude futures were down $2.01, or 2.1%, to $93.35 a barrel by 10:53 a.m. EST (1553 GMT), while U.S. West Texas Intermediate (WTI) crude futures had fallen $2.09, or 2.4%, to $88.82 a barrel. The benchmarks fell around 3% on Tuesday....
Oil prices fall more than 2% on U.S. inventory build, China COVID worries
Oil prices fall more than 2% on U.S. inventory build, China COVID worries
Source: (Reuters)
9/11/2022 10:11:18 PM
Stocks gain as investor optimism over China COVID dents dollar Global stocks rose on Monday, despite Beijing's denial that it would consider easing its zero COVID-19 policy, which diverted investor flows away from the dollar ahead of potentially pivotal consumer inflation data this week. Risk assets bounced on Friday due to speculation China was preparing to relax its pandemic restrictions, but over the weekend health officials reiterated their commitment to the "dynamic-clearing" approach to COVID cases as soon as they emerge. "...
Stocks gain as investor optimism over China COVID dents dollar
Stocks gain as investor optimism over China COVID dents dollar
Source: Reuters
7/11/2022 8:23:32 PM
Russia, Iran set to ink massive energy deal to offset Western sanctions Iran expects to sign a $40 billion agreement with Russian energy major Gazprom in December, Iranian Deputy Foreign Minister Mahdi Safari said, according to a media report. "We have closed a $6.5 billion deal with Gazprom. We hope that the remaining agreements totaling $40 billion will be signed next month," Safari told ISNA news agency, adding that negotiations are underway, RT reported. The National Iranian Oil Company and Gazprom had agreed in July to cooperate in the develo...
Russia, Iran set to ink massive energy deal to offset Western sanctions
Russia, Iran set to ink massive energy deal to offset Western sanctions
Source: IANS
7/11/2022 8:05:07 PM
Oil slips but holds near $100 a barrel as dollar weakens Oil prices edged lower on Monday on demand concerns linked to China's stringent COVID containment policy but remained close to $100 a barrel on support from a weaker dollar and recovering Chinese crude imports. Brent crude futures fell by 39 cents, or 0.4% to $98.18 a barrel by 1306 GMT. U.S. West Texas Intermediate crude fell by 47 cents, or 0.51%, to $92.14. Both contracts dropped by more than $1 a barrel earlier in the session after Chinese health officials at the weekend reitera...
Oil slips but holds near $100 a barrel as dollar weakens
Oil slips but holds near $100 a barrel as dollar weakens
Source: Reuters
7/11/2022 7:49:51 PM
Dollar sags, stocks rise after U.S. jobs temper rate expectations The dollar fell on Friday, while stocks extended gains after data painted a picture of a U.S. economy that is creating jobs, but is starting to slow, tempering expectations for the Federal Reserve to keep raising rates as fast to fight inflation. The Bureau of Labor Statistics said 261,000 workers were added to non-farm payrolls in October, above expectations for an increase of 200,000, but so did the unemployment rate, which rose to 3.7%, suggesting that some of tightness in the labour ma...
Dollar sags, stocks rise after U.S. jobs temper rate expectations
Dollar sags, stocks rise after U.S. jobs temper rate expectations
Source: Reuters
4/11/2022 8:49:41 PM
Oil climbs 4% as dollar slips and EU ban looms Oil prices rose by 4% on Friday as the dollar eased, with an EU ban on Russian oil looming large and investors weighing the prospects for an easing of China's COVID curbs. Though fears of global recession capped gains, Brent crude futures were up $3.81, or 4.02%, at $98.48 a barrel by 1307 GMT, set for a weekly gain of nearly 3%. U.S. West Texas Intermediate (WTI) crude futures were up $4.14, or 4.7%, at $92.31 and on course for a weekly gain of 5%. Both contracts were supported ...
Oil climbs 4% as dollar slips and EU ban looms
Oil climbs 4% as dollar slips and EU ban looms
Source: Reuters
4/11/2022 8:06:23 PM
Oil falls as Fed rate hike raises fuel demand concerns Oil slipped on Thursday as an increase to U.S. interest rates pushed up the dollar and heightened fears of a global recession that would crimp fuel demand, though losses were capped by concern over tight supply. Brent crude dropped by $1.39, or 1.5%, to $94.77 a barrel by 1358 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.76, or 2%, to $88.24. Both benchmarks had gained more than $1 on Wednesday, aided by another drop in U.S. oil inventories, even as the U.S. Federa...
Oil falls as Fed rate hike raises fuel demand concerns
Oil falls as Fed rate hike raises fuel demand concerns
Source: Reuters
3/11/2022 8:14:05 PM
Oil up more than 2% as weaker dollar offsets China COVID-19 concerns Oil prices rose on Tuesday, recouping losses from the previous session, as a weaker U.S. dollar offset widening COVID-19 curbs in China that have stoked fears of slowing fuel demand in the world's second-largest oil consumer. Brent crude for January delivery rose $1.95, or 2.1%, to $94.76 per barrel at 1224 GMT. The December contract expired on Monday at $94.83 a barrel, down 1%. U.S. West Texas Intermediate (WTI) crude rose $1.93, or 2.23%, to $88.46 a barrel, after falling 1.6% in...
Oil up more than 2% as weaker dollar offsets China COVID-19 concerns
Oil up more than 2% as weaker dollar offsets China COVID-19 concerns
Source: Reuters
1/11/2022 7:32:27 PM
Bond yields fall on 10-year U.S. yield's drop below 4%, subdued oil Indian government bond yields ended lower on Tuesday as the 10-year U.S. yield eased below 4% again, while oil prices remain subdued. The focus remains on U.S. Federal Reserve as well as the Reserve Bank of India's meetings later this week. The benchmark 10-year Indian government bond yield ended at 7.3957%, after rising five basis points (bps) to 7.4454% on Monday. "U.S. yields have come off and this indicates that investors are not very worried over the Fed decision and he...
Bond yields fall on 10-year U.S. yield's drop below 4%, subdued oil
Bond yields fall on 10-year U.S. yield's drop below 4%, subdued oil
Source: Reuters
1/11/2022 4:07:00 PM
Dollar, bond yields rise ahead of pivotal rate hikes LONDON  - Stocks stalled and the dollar and bond yields edged higher on Monday as record euro zone inflation, weak Chinese data and Russia's withdrawal from a crucial grain pact set traders up for another bumper Federal Reserve rate hike this week. A potentially pivotal week for U.S. monetary policy was given a new twist from renewed "terminal rate" speculation, with the worrying growth signals from China and global inflation fears also stoked by higher agricultural pric...
Dollar, bond yields rise ahead of pivotal rate hikes
Dollar, bond yields rise ahead of pivotal rate hikes
Source: Reuters
31/10/2022 8:22:30 PM
Tech wipeout woes offset central bank pivot hopes LONDON  - World share markets slipped for a second day running on Friday as a near $1 trillion weekly wipeout in top tech stocks outweighed hopes of a slowdown in Fed and ECB rate rises and news that the U.S. economy is not in recession. s and Wall Street futures [.N]were both 0.5% lower as Thursday's weak forecasts froEuropean sharem Amazon and Apple [.N] sent Europe's tech sector down more than 2% and the prospect of renewed COVID curbs in China hit mining and oil firms. ...
Tech wipeout woes offset central bank pivot hopes
Tech wipeout woes offset central bank pivot hopes
Source: Reuters
28/10/2022 7:29:09 PM
Oil falls as China widens COVID curbs LONDON -Oil prices fell on Friday after top crude importer China widened its COVID-19 curbs, though benchmarks were poised for a weekly gain on supply concerns and surprisingly positive economic data. Brent crude futures dropped 87 cents, or 0.9%, to $96.09 a barrel by 1309 GMT, having climbed by 1.3% in the previous session. U.S. West Texas Intermediate (WTI) crude futures were down $1.02, or 1.2%, at $88.06. Both benchmarks, however, were on course for a weekly rise of about 3%. Fr...
Oil falls as China widens COVID curbs
Oil falls as China widens COVID curbs
Source: Reuters
28/10/2022 7:18:35 PM
Oil prices drop as Chinese demand data disappoints By Noah Browning LONDON -Oil prices slid on Monday after Chinese data showed that demand from the world's largest crude importer remained lacklustre in September as strict COVID-19 policies and fuel export curbs depressed consumption. Brent crude futures for December settlement were down $1.17, or 1.3%, at $92.33 a barrel by 1217 GMT, after rising 2% last week. U.S. West Texas Intermediate crude for December delivery was at $83.65 a barrel, down $1.40, or 1.7%. Although higher th...
Oil prices drop as Chinese demand data disappoints
Oil prices drop as Chinese demand data disappoints
Source: (Reuters)
24/10/2022 6:17:16 PM
Oil prices slip as IEA warns of global recession LONDON  -Oil prices slipped on Thursday amid concerns that rising inflation will dent fuel demand and as the International Energy Agency warned that the global economy may go into recession. Brent crude futures fell 23 cents, or 0.3%, to $92.22 a barrel by 1349 GMT. U.S. West Texas Intermediate crude was down 52 cents, or 0.6%, at $86.75 a barrel. "[The] driver was more rate hikes following the consumer price index (CPI) release, triggering some demand concerns and weighing on...
Oil prices slip as IEA warns of global recession
Oil prices slip as IEA warns of global recession
Source: Reuters
13/10/2022 8:01:45 PM
Oil falls as strong dollar and recession fears weigh Oil futures fell on Wednesday as a gloomy economic outlook and a strong dollar outweighed supply concerns stemming from last week's OPEC+ cut to its production target. Brent crude futures were down $1.42, or 1.5 %, at $92.87 a barrel by 1315 GMT. U.S. West Texas Intermediate crude was down $1.54, or 1.7%, at $87.81. OPEC, which together with allies including Russia last week sent prices rising by agreeing to cut supply by 2 million barrels per day (bpd), slashed its demand outloo...
Oil falls as strong dollar and recession fears weigh
Oil falls as strong dollar and recession fears weigh
Source: Reuters
12/10/2022 7:22:12 PM
Oil steadies as supply tightness duels with recession fears LONDON -Oil prices steadied on Monday, recovering from earlier losses, as investors weighed potentially tight supply against economic storm clouds that could foreshadow a global recession and erosion of fuel demand. Brent crude futures for December settlement fell by as much as 1.1% but recovered to being down 17 cents, or 0.2%, at $97.75 a barrel by 1353 GMT. West Texas Intermediate crude for November delivery declined by as much as 1.1% but was last at $92.62, down 2 cents. The Org...
Oil steadies as supply tightness duels with recession fears
Oil steadies as supply tightness duels with recession fears
Source: Reuters
10/10/2022 8:39:27 PM
Oil heads for weekly gain after OPEC+ cut despite economic headwinds LONDON -Oil rose almost 2% on Friday and was headed for a second consecutive weekly gain supported by an OPEC+ decision to make its largest supply cut since 2020 despite concern about recession and rising interest rates. The cut from the Organization of Petroleum Exporting Countries and allies including Russia, known as OPEC+, comes ahead of a European Union embargo on Russian oil and will squeeze supply in an already tight market. Brent crude was up $1.70, or 1.8%, to $96.12 a barrel a...
Oil heads for weekly gain after OPEC+ cut despite economic headwinds
Oil heads for weekly gain after OPEC+ cut despite economic headwinds
Source: Reuters
7/10/2022 8:11:04 PM
Oil rises as OPEC+ agrees to deep cuts, U.S. stockpiles fall NEW YORK  -Oil rose about 1% on Wednesday, as OPEC+ agreed to its deepest cuts to production since the 2020 COVID pandemic, despite a tight market and opposition to cuts from the United States and others. Prices also rose on U.S. government data that showed crude and fuel inventories fell last week. [EIA/S] Brent crude rose 93 cents, or 1%, to $92.73 a barrel by 10:44 a.m. EDT (1444 GMT), while U.S. West Texas Intermediate (WTI) crude rose 68 cents, or 0.8%, to $87.20 a barrel. Bot...
Oil rises as OPEC+ agrees to deep cuts, U.S. stockpiles fall
Oil rises as OPEC+ agrees to deep cuts, U.S. stockpiles fall
Source: Reuters
5/10/2022 8:48:22 PM
Stocks retreat, oil gains as OPEC+ looks to cut oil supply WASHINGTON/LONDON  -U.S. stocks retreated Wednesday after strong gains earlier in the week, while oil continued to rebound in price as OPEC+ producers recommended major cuts to oil supply. All three major U.S. stock indices opened the day lower, erasing some of the strong gains stocks posted in the first two days of the fourth quarter. The Dow Jones Industrial Average was down 1.16% in early trading, while the S&P 500 lost 1.5% and the Nasdaq Composite fell 1.87%. The MSCI w...
Stocks retreat, oil gains as OPEC+ looks to cut oil supply
Stocks retreat, oil gains as OPEC+ looks to cut oil supply
Source: Reuters
5/10/2022 8:22:04 PM