News Topics: Commodity Prices
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Oil Tumbles on Iran, Libya; Worry about High Supply Returns
Monday, March 02, 2015 Brent futures fall 5 percent, its most in a month, as speculation of a nuclear deal that could lift Iran's sanctions and boost its oil exports brought worries about high supplies back to the market.
Oil Up Sharply, Posts First Monthly Gain Since June
Friday, February 27, 2015 Crude oil rises sharply as Brent and US futures post their first monthly gains since June.
Oil Retreats As Rising US Inventories Continue To Weigh
Thursday, February 26, 2015 Crude oil futures fall sharply as rising inventories in the US pressure both Brent and US contracts and counter expectations for recovering demand.
Brent Crude Up 5% As Saudi Sees Improved Demand For Oil
Wednesday, February 25, 2015 Brent Crude Up 5% As Saudi Sees Improved Demand For Oil
Oil Turns Lower On Expectations Of Crude Oil Inventory Rise
Tuesday, February 24, 2015 Crude oil futures fall as expectations that this week's reports will show US crude inventories rise again countered supportive news of Libyan oilfields being shut.
Oil Falls 2% On Glut Worries; Heating Oil Up On Tight Supply
Monday, February 23, 2015 Crude oil futures fall more than 2% as investors worry about oversupply and a strong dollar.
Oil Ends Mixed After Mild Rig Count Drop, Heating Oil Spikes
Friday, February 20, 2015 Crude prices end mixed as the number of US rigs drilling for oil falls far less than expected this week.
Oil Down But Sharply Off Early Loss; Stock Build Less Than Feared
Thursday, February 19, 2015 Oil prices fall for a second day after the US government reports another record high in crude inventories.
Brent Tumbles Below $60, Supply Glut Raises Doubts On Rally
Wednesday, February 18, 2015 The comeback rally in oil pauses, with Brent crude falling below $60, as traders take stock of the market's blistering 35% gain over the past month.
Oil Up From Early Sell-Off As Brent Sets 2015 High
Tuesday, February 17, 2015 Oil closes up after a weak start, with Brent crude rising to a 2015 high of $63 a barrel.
Oil Tops $60 For First Time In 2015; Oversupply Persists
Friday, February 13, 2015 Oil closes up for a second straight week on reports of another drop in the US rig count, and Brent crude hits a 2015 high above $60 a barrel.
Oil Jumps On Weak Dollar, Industry Cuts In Jobs, Spending
Thursday, February 12, 2015 Oil prices rally sharply after two days of losses as news of deeper industry spending cuts and a sinking US dollar revives buying.
Oil Down After Record US Crude Stocks; Brent Below $55
Wednesday, February 11, 2015 Oil prices fall as much as 3% after US stockpiles hit record highs, and analysts and traders say the market could shed more of a two-week rebound.
Oil Falls Sharply as IEA Expects Inventories to Rise
Tuesday, February 10, 2015 Crude oil prices fall for the first time in four sessions after the International Energy Agency warned that ample supplies will raise global inventories before investment cuts begin to significantly dent production.
Oil Rallies for Third Day After OPEC Sees Greater Crude Demand
Monday, February 09, 2015 Oil jumps for a third straight session as OPEC forecast greater demand for crude this year than previously thought and projected less supply from countries outside the producer group.
Oil Climbs, Brent Posts Best Two Weeks Since 1998
Friday, February 06, 2015 Oil rallies again, with benchmark Brent crude having its largest 2-week gain in 17 years.
Oil Up Over 4% On Libya Raid, China Easing; Volatility Seen
Thursday, February 05, 2015 Crude prices close up more than 4% as rising violence in producer Libya and an expected boost in oil demand from China's central bank easing helps the market rebound.
Oil Crashes After 4-Day Rally; US Inventory Renews Glut Worry
Wednesday, February 04, 2015 Oil prices crashes, with US crude losing 9% in one of its biggest daily routs ever, as record high oil inventories in the United States cut short a four-day rally.
Oil Jumps As Dollar Dives, Crude Up 19% In 4 Days
Tuesday, February 03, 2015 Oil prices jump as a tumbling dollar send most commodities rallying, bringing crude's four-day rise to about 19%.
Oil Up 11% After 2-Day Rally; Trade Volatile On Stock Builds
Monday, February 02, 2015 Oil prices rise strongly again, tacking on a total of 11% over two straight sessions.
Oil Surges 8% As US Rig Count Plunges, Shorts Cover
Friday, January 30, 2015 Oil prices rocketed more than 8%, their biggest one-day gain in two and a half years.
Oil Rises On Short Covering But Supply Worries Loom
Thursday, January 29, 2015 Global oil prices firmed slightly, but not before U.S. crude hit a near six-year low and benchmark Brent pared gains on data showing fresh additions to already record-high U.S. oil inventories.
Oil Tumbles; US Crude Prices Near 6-Year Low On Record Stockpiles
Wednesday, January 28, 2015 Oil slumps, with US crude prices at near 6-year lows, after the government reported record-high inventories in the United States.
Oil Jumps On Weaker Dollar; Traders Wary Of Stock Build
Tuesday, January 27, 2015 Oil prices jump as much 3% as a weaker dollar props up commodities priced in the currency.
Oil Slides Despite OPEC Talk Of A Floor
Monday, January 26, 2015 Oil fall in see-saw trade, with US crude ending at its lowest in nearly 6 years, as traders discount comments from OPEC's top official about the market finally finding a bottom.
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.