Oil steady as market conditions tighten despite rising US output
SINGAPORE (Reuters) - Oil markets were stable on Monday, largely holding on to Friday's big gains even though rising U.S. output weighed on hopes the market will tighten after a 13 percent fall in U.S. crude inventories since March. Brent crude futures ...
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Crude oil futures - weekly outlook: August 21 - 25
Soft Start Seen For South Korea Stock Market
The global forecast for the Asian markets is slightly sort thanks to continued chaos in Washington D.C. although crude oil prices offer support. The European and U.S. markets were down on Friday and the Asian bourses figure to open in similar fashion.
Hellenic Shipping News Worldwide
Tanker Market: China's oil imports a boon for tanker owners
Hellenic Shipping News Worldwide
Evidently, China will continue to have an ever greater role in the global oil market and continue to cement its position as the world's largest crude importer. Due to declining domestic production and refinery expansions this should prove positive to ...
Oil prices can fall below $40 due to global supply glut
Even a 1.8 million barrel a day output cut by the Opec, plus Russia, and other global oil producers has been insufficient to rebalance the world crude oil market. The North Korean geopolitical crisis has cast a shadow on Asian oil demand growth while ...
Mid-Afternoon Market Update: Crude Oil Up 3%; Infosys Shares Slide On News Of CEO Resignation
Toward the end of trading Friday, the Dow traded down 0.07 percent to 21,736.34 while the NASDAQ climbed 0.20 percent to 6,234.56. The S&P also fell, dropping 0.10 percent to 2,432.54. Leading and Lagging Sectors. Friday afternoon, the utilities shares ...
Markets Tumble After Midday Rally Fades
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These Oil Giants Just Jumped Into A Brand New Market
In a sign that Mexico's energy reform continues to attract foreign companies, Chevron and Glencore have announced separate plans for jumping into the Mexican retail fuel market, joining other big international majors in competing in Mexico's ...
Citi: Oil prices likely stuck between $40 and $60 for next 5 years with some shocks along way
Citi notes that the oil market has experienced a high level of disruptions to crude supply in recent years. Prices could spike above $70 a barrel if recently restored production in places such as Nigeria and Libya falls again. But it could also sink ...
Four Reasons Why Crude Oil Could Head For A New High In 2017- The Calculus Of Crude
Crude oil is one of the most closely watched commodities in the world. Many raw material prices are highly volatile, and crude oil is no exception. However, the international crude oil market is highly liquid while other commodities operate in smaller ...
Crude Market Shows Enduring Strength Beyond Seasonal Peak
Oil prices settle lower as US output hits 2-year high
2017 Crude Oil Macro Market Dynamics
Mid-Afternoon Market Update: Crude Oil Down 1.5%; Phoenix New Media Shares Spike Higher
Domestic crude supplies dropped 8.95 million barrels for the week ended August 11, the U.S. Energy Information Administration reported. Analysts projected a fall of 3.06 million barrels. Gasoline stockpiles gained 22,000 barrels, while distillate ...
1Outlook improves for crude oil market; prices likely to touch $55 soon
Looking at market fundamentals, estimates suggest that OPEC oil output may cross 33.0 million bpd in July on the back of increased output from Libya and Nigeria. OPEC output has been edging higher in the last couple of months and June production was ...
Crude oil hits 2-month high on tighter US market, Venezuela sanctions risk
Why I'm bullish on oil for next 6 to 12 months
Oil ends 6-day win streak on renewed glut fears