News Topics: Commodity Prices
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Oil Slides as Saudi Naimi Tells Market to Forget OPEC Cuts
Monday, December 22, 2014 Oil prices resume their downward march, doubling back on the biggest one-day gain in over two years, after Saudi Arabia's powerful oil minister said OPEC would not cut production at any price.
Oil Jumps 5% Second Time In Week On Short-Covering
Friday, December 19, 2014 Oil prices jump more than 5% for a second time in a week as short-covering alleviated pressure in a market dominated by sellers the past six months.
Oil Tumbles After Brief Rebound; Brent Back Below $60
Thursday, December 18, 2014 Global crude oil prices slump anew, a day after a short-covering rally, as traders place fresh bets that the market will resume a six-month rout on worries about a supply glut.
Oil Surges In About-Face As Some Bet Sub-$60 Brent Won't Last
Wednesday, December 17, 2014 World oil prices jump as much as 6% before closing off their peaks as weeks of nearly non-stop selling abruptly halt.
Brent Falls, Ends Below $60, US Crude Up Near $56
Tuesday, December 16, 2014 Brent crude futures fall for a fifth straight day to end below $60 a barrel while US crude finishes a volatile session slightly higher.
Oil Falls Anew As OPEC Emergency Meet, Output Cut Ruled Out
Monday, December 15, 2014 Crude prices plunge further after OPEC once again says it will not cut oil output despite fears of a glut.
Oil Plunges 3% To New 5-Year Lows After Bearish IEA Outlook
Friday, December 12, 2014 Crude oil markets fall 3% or more to plumb new 5-year lows after the world's energy watchdog forecast even lower prices on weaker demand and larger supplies next year.
US Crude Crashes Below $60 As 6-Month Oil Rout Continues
Thursday, December 11, 2014 US crude falls below $60 a barrel, the first time in five years that it breached the psychologically-important support.
Oil Crashes 5%, Nears $60 On Weak US Demand, Saudi Inaction
Wednesday, December 10, 2014 Oil prices tumble as much as 5%, pushing US crude to 5-year lows near $60 a barrel after data showed a spike in US inventories and Saudi Arabia's oil minister reiterated that he has no plans to cut output.
Oil Up After 5-Year Low In Brent; Traders Wary Of More Downside
Tuesday, December 09, 2014 Brent oil prices end higher after touching a 5-year low and following five straight days of losses.
Oil Dives 4% To Five-Year Low As Selling Snowballs
Monday, December 08, 2014 Oil dives 4% to new 5-year lows, as Wall Street expectations of a deeper price slump next year and a Kuwaiti prediction for $65 crude set off one of the biggest declines this year.
Oil Pushes Lower, Undeterred By Bullish Jobs Report
Friday, December 05, 2014 US crude oil closes at its lowest since July 2009 as Brent averages below $70 a barrel in the week for the first time since 2010.
Oil Drops Again On Saudi Price Cut; Brent Below $70
Thursday, December 04, 2014 Oil ends lower as the debate over pricing continues after Saudi Arabia announced deep discounts for the crude it sells Asian and US buyers in an apparent attempt to defend market share.
Brent Falls Below $70, US Crude Up, In Volatile Trade
Wednesday, December 03, 2014 US crude closes higher at more than $67 after data showed a surprise tumble in inventories, but a report suggesting Saudi Arabia expected still lower prices for oil sent Brent below $70 a barrel.
Oil Tumbles Anew On Iraqi Export Deal, Futures Margin Hike
Tuesday, December 02, 2014 Oil prices resume their slide after rising in their biggest rally in two years the day before, hurt by a deal that will add more Iraqi crude to already oversupplied markets.
Oil Jumps as Much as 5 Pct from 5-Year Low; Focus on Shale
Monday, December 01, 2014 Crude oil markets jump as much as 5 percent, rebounding from five-year lows with their biggest daily gain since 2012, on fears that the high U.S. shale output blamed for the global oil glut may be shrinking.
U.S. Crude Down 10 Pct Post-OPEC, Brent Breaks Below $70
Friday, November 28, 2014 U.S. crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel.
Oil Declines As OPEC Seen Holding Off From Production Cuts
Wednesday, November 26, 2014 Oil prices fall after OPEC increases signals that it would hold off making any major production cuts this week.
Oil Down 2% As Pre-OPEC Talks Don't Lead To Output Cut
Tuesday, November 25, 2014 Oil tumbles 2% to near 4-year lows in another volatile session as a meeting of Saudi Arabia and three other nations ahead of an OPEC summit end with no deal to curb crude output.
Oil Ends Down After Swinging On OPEC Speculation; Brent Below $80/bbl
Monday, November 24, 2014 Crude prices end lower, with Brent below $80 a barrel, after a volatile session.
Oil Up First Time in 8 Weeks on China Rate Cut, OPEC Expectations
Friday, November 21, 2014 Oil prices rise for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an OPEC output cut.
BBVA Compass: The Texas Economy Can Handle $70-80/bbl Crude Oil Prices
Thursday, November 20, 2014 The Texas economy is likely to remain strong as long as crude oil prices remain at, or above, the $70-80/bbl range, according to a recent report.
Oil Up After 3-Day Loss On Strong US Data, OPEC Cut Speculation
Thursday, November 20, 2014 Oil closes higher, snapping a three-day loss, as strong US economic data bolsters crude markets.
Oil Down On Fed Uncertainty Over US Economy; OPEC In Focus
Wednesday, November 19, 2014 Oil prices fall for a third straight day, as early gains on talk of a possible OPEC output cut vanish after the Federal Reserve releases minutes.
Oil Extends Slide As Traders Seek Fresh Leads On OPEC
Tuesday, November 18, 2014 Oil falls for a second straight day as traders look beyond price defense attempts by Russia and Venezuela and toward Saudi Arabia and OPEC for fresh leads.
Oil Down after One-Day Rise, as Japan Enters Recession
Monday, November 17, 2014 Oil prices fall after a one-day rally as fourth-largest crude importer Japan fell into recession and an OPEC meeting neared without an agreement to cut production.
Oil Surges a Day after Brent Crash; Supply Fears Linger
Friday, November 14, 2014 Brent crude jump almost $2 a barrel for its biggest gain in three weeks amid support a day after crashing to four-year lows, but analysts doubt the rebound will continue.
Oil Slumps to 4-yr Low as Brent Crashes Below $80 a Barrel
Thursday, November 13, 2014 Oil prices slumped more than 3 percent to four-year lows on Thursday, with benchmark Brent crashing below $80 a barrel.
Brent Slips Below $80 As Saudis Refuse To Get Into Oil 'Price War'
Wednesday, November 12, 2014 Benchmark Brent crude slides below $80 a barrel, extending a freefall in oil prices that began earlier this year.
Brent At 4-Year Low In Continued Hunt For Bottom, US Crude Up
Tuesday, November 11, 2014 Brent crude closes down after setting a four-year low and coming close to testing the psychologically important $80 a barrel support.
Oil Falls as Strong Dollar Outweighs Libya, Ukraine Concerns
Monday, November 10, 2014 U.S. crude falls more than $1, edging below $78 a barrel, and Brent crude also dropped with both reversing early gains as U.S. dollar strength outweighed worries about conflict in Libya and Ukraine.
US Oil Hits Longest Weekly Losing Streak Since 1998
Friday, November 07, 2014 US crude climbs less than a dollar but finishes down more than 2% for the week, marking the first time the benchmark has fallen for six straight weeks since December 1998.
Oil Ends Down Again as Supply Worry, Dollar Strength Weigh
Thursday, November 06, 2014 Oil markets fall after a one-day spike as worries about high supplies returned to haunt traders, while the dollar pressed on with its rally which weighed on commodities priced in the currency.
Oil Jumps In Volatile Trade On Saudi Pipeline, US Inventories
Wednesday, November 05, 2014 Oil prices jump, with Brent rebounding from a four-year-low, as traders react to rumors of a pipeline blast in Saudi Arabia and bullish news on US crude inventories.
Oil Prices Tumble On Saudi Discount Move
Tuesday, November 04, 2014 Oil prices fall to multi-year lows after Saudi Arabia cuts the price of oil sold to the US, a move that is shaking an already volatile market but will likely give the world economy an unexpected stimulus.
Oil Tumbles Anew As Saudi Cuts US Prices, Hikes Others
Monday, November 03, 2014 Oil tumbles by as much as $2 a barrel in the final minutes of regular trade, hitting new lows in New York as Saudi Arabia deepens price cuts for US customers.
Oil Falls for Fourth Month, Longest Slump Since 2008
Friday, October 31, 2014 Oil's losing streak continued for the fourth consecutive month, with prices tumbling as another round of monetary stimulus from Japan pumped up the U.S. dollar and pounded the crude market.
Oil Slips On Dollar, Rate Fears After 2-day Gain; Brent Below $87
Thursday, October 30, 2014 Oil prices closed down 1%, resuming their downtrend after a two-day climb.
Oil Ends Up As US Crude Stocks Rise Less Than Expected
Wednesday, October 29, 2014 Oil prices close higher for a second day in a row after data showed US crude stockpiles rose less than expected last week.
Oil Rises After 2-Day Loss; US Inventories Seen Up Again
Tuesday, October 28, 2014 Crude oil prices close higher, with Brent finishing just above $86 a barrel after two straight days of losses.
US Oil Recovers From Dip Below $80 On Short-Covering
Monday, October 27, 2014 US oil prices rebound after tumbling to a 28-month low below $80 per barrel as short-covering helps offset earlier losses triggered by Goldman Sachs slashing its price forecasts.
Brent Oil Ends Week Flat, Pausing Rout, as US Contango Looms
Friday, October 24, 2014 Brent oil prices fell but were little changed on the week as traders caught their breath from a months-long rout, even as signs of rising global supply and a U.S. contango structure threatened deeper losses.