News Topics: Commodity Prices
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Brent Closes Up, US Crude Down After Saudi King Dies
Friday, January 23, 2015 Brent crude was buoyed by market uncertainty over the future of Saudi oil output, while US crude fell on more signs of oversupply.
Oil Settles Lower After Large US Inventory Build
Thursday, January 22, 2015 Crude oil prices settle lower after a government report shows the biggest build in US crude inventory in at least 14 years.
Oil Up On Traders' Hope Investment Cuts Limit Supply
Wednesday, January 21, 2015 Global oil prices snap a 2-day decline and increase around 2% on hopes prices will recover as energy companies cut production investment.
Oil Falls Again As IMF Cuts Forecast; Iran Hints At $25 Oil
Tuesday, January 20, 2015 Oil fell as much as 5% after the International Monetary Fund cut its 2015 global economic forecast and Iran hinted prices could drop to $25 a barrel.
Oil Slips $1 On China Economy Worries, Record Iraq Output
Monday, January 19, 2015 Brent crude oil prices fall below $49 a barrel and US crude also falls more than $1.
Oil Closes Up For First Week In Eight After Supportive Reports
Friday, January 16, 2015 US crude oil prices staunched seven weeks of losses rising 33 cents on the week as it rallied just before settlement.
Oil Settles Down Despite Promising Mid-Day Rally
Thursday, January 15, 2015 Oil prices decline as an erratic dollar and expectations of weakening demand dashes hopes that a strong rally Wednesday might have signaled a bottom to the 7-month price rout.
Oil Surges 5% On Options Expiry; Bounce Seen Fleeting
Wednesday, January 14, 2015 World oil prices see their biggest surge in two-and-a-half years, rebounding from a nearly six-year low.
Oil Near 6-Year Low; Brent Trades At Par To US Crude
Tuesday, January 13, 2015 Oil tumbles 5% to near 6-year lows before recovering ground, and Brent briefly trades at par to US crude for the first time in 3 months.
Oil Dives Anew, Falling 5% On Goldman Downgrade, Outages
Monday, January 12, 2015 Oil fell 5% to its lowest in nearly six years, extending the second-deepest rout on record, after Goldman Sachs warned that prices would fall further.
Oil Hits April 2009 Low, Then Pares Loss On US Oil Rig Data
Friday, January 09, 2015 Global oil markets resume their slide, with Brent and US crude hitting April 2009 lows and ending down for a seventh straight week.
Oil Inches Higher As Traders Search For Bottom Of Rout
Thursday, January 08, 2015 Global oil prices perk slightly for a second straight day after better-than-expected US jobs data help the market hold ground after a 10% loss earlier in the week.
Oil Snaps 4-Day Losing Streak After US Crude Stockpiles Drop
Wednesday, January 07, 2015 Oil closes up for the first time in five days as traders took stock of the market's rout.
Oil Down Almost 10% In 2 Days As Hunt For Bottom Continues
Tuesday, January 06, 2015 Global oil markets slumped for a fourth straight session, as mounting worries about a supply glut pressured crude prices.
Oil Extends Crash Into New Year As Glut Fears Deepen
Monday, January 05, 2015 The selloff in global oil markets showed little signs of slowing in the new year, with prices down as much as 6%, the lowest since spring 2009.
Oil Declines in Thin, Volatile Trading
Friday, January 02, 2015 Global benchmark Brent crude oil closed down nearly a dollar a barrel after a day of choppy trading.
Oil Ends On A Low After Halving In 2014 As OPEC Stands Aside
Wednesday, December 31, 2014 Oil prices fall to a 5-1/2-year low and end with their second-biggest annual decline ever, down by half since June under pressure from a global glut of crude.
Brent And WTI See Small Gains As End Of Year Approaches
Tuesday, December 30, 2014 Crude futures close up slightly, getting some relief from a weak dollar but not making significant strides as traders prepared for the end of the year.
Oil Prices Fall More Than $1, Dropping to Five-year Lows
Monday, December 29, 2014 Crude oil prices tumble as global grades settle down more than $1 a barrel to their lowest levels since May 2009.
Gazprom Agrees to Buy European Partners Out of South Stream Pipeline
Monday, December 29, 2014 Gazprom agrees to buy its European partners Wintershall, EDF and Eni out of the scrapped South Stream gas pipeline project.
Oil Slides, Brent Tests $60 As Data Shows Glut Building
Wednesday, December 24, 2014 Global oil markets fell again on Wednesday in holiday-thin trade.
Oil Up on Stronger-Than-Expected U.S. GDP Growth Data
Tuesday, December 23, 2014 Oil rises by more than $2 a barrel, rallying for a second time in three days, after data showing the fastest rate of U.S. economic growth in 11 years bolstered expectations for crude demand.
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.