European Stocks Edge Lower as Drop in Oil Prices Weighs on Commodities
Oil prices, meanwhile, were sightly lower despite the American Petroleum Institute (API) forecasting a 900,000 barrel drop in US stockpiles last week, late on Wednesday. West Texas Intermediate crude oil futures, the main US oil benchmark, was down by ...
Oil falls as stronger dollar eclipses US inventory drop
“The firming dollar continues to thwart investor sentiment despite the bullish inventory data,” said Stephen Innes, head of trading for Asia-Pacific at futures brokerage OANDA. A stronger dollar pushes up the bill for countries paying for imports in ...
Oil prices slump as dollar gets boost from hawkish Fed minutes
Oil prices moved firmly lower on Thursday, getting pressured by a rise in the dollar, which came after hawkish minutes from the Federal Reserve's suggested the policy makers may raise interest rates faster than previously expected. Energy traders were ...
US oil benchmark ends slightly lower ahead of supply data
Brent crude LCOJ8, -0.84% the global benchmark, gained 17 cents, or 0.3%, to finish at $65.42 a barrel. The finish saw the spread between Brent and WTI prices widen after narrowing sharply a day earlier. The two benchmarks posted a mixed finish on ...
Oil largely steady amid forecast of US crude build, stronger dollar
Oil Prices Ease Ahead of US Stocks Data
Oil eases on expected US crude inventory build, stronger dollar
Is The Rally Over For Crude?
Nevertheless, the Price Magnet for the May 17, 2018, option expiration is currently 10% divergent from the futures price. The total value of the calls on this date is almost $1.2 billion more than the value of the puts, and the put/call ratio is near 1 ...
Crude oil futures little changed before release of FOMC meeting notes
Crude futures were little changed in US trading Wednesday morning as the dollar firmed ahead of the release of the latest meeting notes from the Federal Open Market Committee. At 1549 GMT, NYMEX April crude was 24 cents lower at $61.55/b. ICE April ...
US oil prices rise on Cushing draw, hopes of producer cooperation
A strengthening dollar, which hit a six-day high, however, weighed on oil prices. [USD/] A more robust dollar makes oil and other dollar-denominated commodities more expensive for holders of other currencies. Brent crude futures ended the session 42 ...
Oil futures rise, as supply fears wait in the wings
Oil futures climbed on Monday, with the commodity picking up where it left off last week, when prices rebounded as investor appetite for riskier assets improved. West Texas Intermediate futures US:CLH8 rose 80 cents, or 1.3%, to $62.35 a barrel, after ...
South China Morning Post
COLUMN-China's crude oil futures face massive challenges: Russell
LAUNCESTON, Australia, Feb 15 (Reuters) - China's new crude futures contract faces a mountain of obstacles to overcome if it is to establish itself as a viable benchmark for trading with the world's largest oil importer. The Shanghai International ...
Launch of yuan crude contract no guarantee that it will give China pricing control over commodity
South China Morning Post
China to launch own crude oil futures contract on March 26
China is set to launch its long-awaited crude futures contract on March 26, the country's security regulator said on Friday, as Beijing seeks to extend its influence over the pricing of oil barrels sold into Asia. Over the past decade China has emerged ...
China's long-heralded crude oil futures contract to start trading March 26
China Muscles In on Brent, WTI Oil Dominance
China to launch first crude oil futures contract on Mar 26