Results44 articles shown
Oil Prices Plunge 5% as Britain Votes to Leave EU
Friday, June 24, 2016 Oil prices settled 5 percent lower on Friday after Britain's vote to leave the EU spurred massive risk aversion and a rally in safe havens like the US dollar.
FirstEnergy Expects Crude Oil Price to Hit $70 in 2018
Thursday, June 23, 2016 Crude oil prices will rebound towards $70 per barrel in 2018, according to oil and gas analysts at FirstEnergy.
Oil Ends Higher in Choppy Trade Ahead of Britain's EU Vote
Thursday, June 23, 2016 Oil prices closed 2 percent higher after a volatile session on Thursday, with investors less worried about prospects for the global economy after the last pre-vote opinion polls showed Britain was likely to remain in the European Union.
Oil Ends Lower After Small US Drawdown; Choppy Ahead of Brexit Vote
Wednesday, June 22, 2016 Oil prices settled down more than 1 percent on Wednesday after a smaller-than-expected US inventory drawdown and amid jitters ahead of a vote on whether Britain should stay in the European Union.
Oil Settles Down, Bounces Off Session Lows With Gasoline
Tuesday, June 21, 2016 Oil prices dip on Tuesday based on more speculation over Britain's future in the European Union, then pared losses to settle off session lows as a US refinery outage triggered a rebound in gasoline prices.
Oil Up 3 pct as Brexit Chances Dim; Gasoline Surges Too
Monday, June 20, 2016 Oil prices rise 3 percent, settling higher for a second straight day, after polls showing a lower likelihood of Britain leaving the European Union while U.S. gasoline surges 5 percent in anticipation of peak summer driving demand.
Oil Jumps 4 pct as Brexit Fears Ease, Still Down on Week
Friday, June 17, 2016 Oil prices jump about 4 percent, as a weaker dollar and less anxiety about Britain's possible exit from the European Union encourage investors to buy riskier assets.
Oil Slides 4% on Worry of Market Turmoil if UK Leaves EU
Thursday, June 16, 2016 Oil prices slumped about 4 percent and hit one-month lows, settling down for a sixth straight day, on fears of global economic turmoil if Britain exits the European Union.
Oil Down 5th Day; Brexit, Fed Hike Fears Offset U.S. Crude Draw
Wednesday, June 15, 2016 Oil prices fell for a fifth straight day, their longest losing stretch since February, on worries Britain might leave the European Union while the U.S. Federal Reserve signaled plans for two U.S. rate hikes this year despite slower growth.
Oil Slides as Rising Chance of Brexit Spooks Investors
Tuesday, June 14, 2016 Oil prices fall for a fourth straight day, dropping 1 percent as nervousness over Britain's vote next week on whether to leave the European Union overshadows signs of a return to health for crude after a two-year glut.
Crude Oil Drops to One-Week Low in NY Ahead of Brexit Vote
Monday, June 13, 2016 Crude fell to the lowest level in more than a week as investors anticipated turmoil ahead of the upcoming Brexit vote and the US oil rig count climbed for a second week.
Oil Down 3% as US Drillers Add rigs, Strong Dollar Weighs
Friday, June 10, 2016 Oil prices settled down 3 percent on Friday after data showing the US oil drilling rig count rising for a second week in row and a stronger dollar weighed on demand for greenback-denominated crude futures.
Russia Cenbank Assumes 2016 Average Oil Price Of $38 Per Barrel
Friday, June 10, 2016 The Russian central bank assumes an average oil price of $38 per barrel in its base scenario for 2016, says the bank's Governor Elvira Nabiullina.
Oil Down After 3-day Rally; Dollar Rise Sparks Profit-taking
Thursday, June 09, 2016 Oil prices settled down on Thursday, snapping a three-day rally after notching another 2016 high, as a strong dollar sparked profit-taking in crude futures by investors.
Oil Rises, Hits 2016 Highs; US Gasoline Build Worries Some
Wednesday, June 08, 2016 Crude futures rose on Wednesday, hitting 2016 highs above $50 a barrel and settling up for a third straight day on worries about sabotage of oil facilities in Nigeria.
Oil Hits 2016 High on US Draw Forecasts, Nigeria Worry
Tuesday, June 07, 2016 Oil prices hit 2016 highs on Tuesday, with US crude settling above $50 a barrel the first time in almost a year, on expectations of domestic stockpile draw and worries about global supply shortfalls from attacks on Nigeria's oil industry.
Oil Up 3rd Day on Supply Worry; Fed Chief Remarks Pare Gains
Monday, June 06, 2016 Oil prices rose for a third straight day on Monday, as crippling attacks on Nigeria's oil industry and fresh draws in US crude stockpiles boosted prices even though gains were pared later on renewed expectations of a US interest rate hike.
Oil Slides on US Rig Count Rise, Economy Concerns
Friday, June 03, 2016 Oil prices tumbled more than 1 percent on Friday, extending losses after weekly industry data showed U.S. drillers added rigs for only the second time this year.
Oil Rises to Seven-Month High Even as OPEC Maintains Status Quo
Thursday, June 02, 2016 Oil rises to a seven-month high in London after a US crude supply decline tempered the impact of OPEC's failure to reach an agreement for a new production ceiling.
Crude Oil Closes Near $49 as OPEC Seen Discussing Output Ceiling
Wednesday, June 01, 2016 Oil closed near $49 a barrel in New York as OPEC delegates said the group would be discussing the reintroduction of output ceilings at upcoming meeting in Vienna.
Crude Oil Caps Longest Run of Monthly Advances in Five Years
Tuesday, May 31, 2016 Oil capped the longest run of monthly gains in five years as a spate of disruptions curb supply before OPEC meets Thursday to discuss production policy.
Oil Slips for 2nd Day as $50 Level Sparks New Output Fears
Friday, May 27, 2016 Oil prices dipped for a second day in a row on Friday as some investors took profit on a surge to seven-month highs while others worried about higher production with the market hovering near $50 a barrel.
Oil Dips After Hitting $50/bbl as Glut Worries Resurface
Thursday, May 26, 2016 Oil prices hit $50 a barrel on Thursday for the first time in seven months, then bounced below that level and settled lower on the day as investors worried robust price gains could encourage more output and add to the global glut.
Report: Slow, Steady Recovery More Likely Than Rapid Rebound
Wednesday, May 25, 2016 A slow, steady recovery in oil prices is more likely than a rapid rebound, according to a global oil and gas industry survey from international law firm Ashurst.
Oil Ends Session Up; Misses $50-target Amid Profit-taking
Wednesday, May 25, 2016 Oil prices rose about 2 percent on Wednesday after the US government reported a larger-than-expected drop in crude inventories, but profit-taking after the data kept prices below the $50 a barrel level that oil bulls had been hoping for.
Oil Ends Up on US Crude Drawdown Hopes, Wall Street Rally
Tuesday, May 24, 2016 Oil prices rose on Tuesday as investors anticipated a weekly drawdown in US crude inventories that they hoped would boost prices closer to $50 a barrel, while a rally on Wall Street also lent support.
Oil Down Modestly For 4th Day; Cushing Draw Limits Loss
Monday, May 23, 2016 Oil prices eased again on Monday after Iran vowed to ramp up output and as the number of rigs drilling for crude in the United States held steady after declining for eight straight weeks.
Oil Slips; Pressured by Strong Dollar, Stubborn Glut
Friday, May 20, 2016 Oil prices slipped on Friday as a stronger dollar encouraged investors to cash in on a second week of gains and the market stayed focused on whether unplanned supply outages were reducing a stubborn global glut.
Oil Steadies; Canadian, Nigerian Supply Issues Offset Strong Dollar
Thursday, May 19, 2016 Oil prices settled largely unchanged on Thursday as worries about Canadian and Nigerian supply outages offset the impact of a stronger dollar, which has rallied on growing expectations the Federal Reserve will raise interest rates next month.
Oil Falls as Fed Rate Hike Speculation Sends Dollar Surging
Wednesday, May 18, 2016 Oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the US Federal Reserve signaled it could raise interest rates next month.
US Crude Prices Hits 7-month High as Inventory Drop Seen
Tuesday, May 17, 2016 Oil prices rose for a second straight day on Tuesday, with US futures hitting seven-month highs, on expectations of a drawdown in US crude stockpiles and a new wildfire threat on Canadian oil supplies.
Oil Hits 6-month Highs on Supply Outages, Goldman Forecast
Monday, May 16, 2016 Oil prices hit six-month highs on Monday on worries about global supply outages and as long-time bear Goldman Sachs sounded more positive on the market, although a stockpile build at the US storage hub for crude futures limited gains.
Oil Slips on Stronger Dollar; Gains on the Week on Supply Outages
Friday, May 13, 2016 Oil slips on a stronger dollar and as investors cashed in on a three-day rally, but prices still ended the week higher after production in Nigeria fell to its lowest in two decades and wildfires slashed output from Canada's oil sands.
Oil Up 1% After Swing on Mixed Data; US Crude at November Highs
Thursday, May 12, 2016 Oil prices rose 1 percent in volatile trade on Thursday, with US crude hitting six-month highs as investors weighed a forecast for tighter global supplies against signs of another storage build at the hub for US crude futures.
Oil Jumps on First US Drawdown Since March; Brent Up 4%
Wednesday, May 11, 2016 Oil jumped on Wednesday, with Brent up more than 4 percent for a second day in a row, after the US government unexpectedly said crude inventories fell the first time since March, adding to concerns over supply outages in Canada and Nigeria.
Oil Jumps; Canada, Nigeria Outages Bolster Prices
Tuesday, May 10, 2016 Brent jumped more than 4 percent on Tuesday while US crude settled up more than 2 percent, after a late burst of buying driven in part by expectations that record US crude inventories would not swell by as much as they have in recent weeks.
Oil Slides; Focus Turns from Canada Fire to US Stockpiles
Monday, May 09, 2016 Oil prices tumble on expectations that US crude inventories would again build to record highs, taking the market's focus off swooning Canadian oil output due to raging wildfires.
Oil Pares Weekly Drop as Wildfire Disruptions Battle Oversupply
Friday, May 06, 2016 Oil pared its first weekly decline in more than a month as oil-sands disruptions in Canada and lower US output offset rising stockpiles and OPEC production.
Oil Up as Fire Curbs Canada Output; Higher Dollar, Stockpiles Cap Gains
Thursday, May 05, 2016 Oil prices surge after a raging wildfire near Canada's oil sands region curbed output that mainly flows to the United States, before settling off their highs as a rebounding dollar and a huge US stockpile build cut into gains.
Oil Turns Lower After Bigger-than-forecast US Crude Build
Wednesday, May 04, 2016 A bigger-than-expected build in US crude inventories to fresh record highs pushes oil markets lower after an early rally over concerns about production cuts in Canada's oil sands region due to a wildfire.
Oil Down 2nd Straight Day, Rising Output Reignites Glut Worry
Tuesday, May 03, 2016 Oil prices fall for a second day, retreating further from the year's highs hit last week, as rising output renewed worries about the global glut of crude, the US dollar rebounded and equity markets weakened.
Oil Down 3% on OPEC Output Hike, Speculative Ramp-up in Brent
Monday, May 02, 2016 Oil prices fall about 3 percent as production from OPEC neared all-time peaks and record speculative buying in global benchmark Brent sparked profit-taking on last month's outsized rally.
Oil Ends Steady Near $50; Best Monthly Gain in Brent in 7 years
Friday, April 29, 2016 Oil prices ended steady on Friday after hitting 2016 highs but finished April trading about 20 percent higher, with Brent crude having its best monthly gain in seven years.
Oil Jumps 2% Despite Glut, Hits 2016 Peaks On Weak Dollar
Thursday, April 28, 2016 Oil markets jump 2 percent, hitting 2016 highs for a third straight day as a weaker dollar had investors shrugging off record high US crude inventories and relentless pumping by major producers.
|Light Crude Oil :||$50.11/BBL||1.99%|
|Natural Gas :||$2.69/MMBtu||0.74%|
|Brent Crude Oil :||$50.91/BBL||2.06%|
|Updated in last 24 hours|