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Oil rises on Iran tensions, U.S. inventory decline

Oil rose $1 on Thursday amid Middle East tensions and a big fall in U.S. crude stocks, but prices faced downward pressure from weak manufacturing data in Western nations indicating slowing economic growth that could reduce fuel demand......»»

Category: topSource: reutersJul 25th, 2019

Oil prices dip on unexpected growth in U.S. crude stocks

SEOUL (Reuters) - Oil prices dropped on Thursday, weighed down by a surprise rise in U.S. crude inventories and by expectations that OPEC and other producers could increase output at a meeting in June......»»

Category: topSource: reutersMay 30th, 2018

Future of gas prices may be riding on today’s OPEC meeting

The price of crude oil influences U.S. gasoline prices, which are already rising after February’s winter storms took 26 refineries offline. OPEC could decide to increase production at today's meeting, which would ease pressure.....»»

Category: topSource: chicagotribuneMar 4th, 2021

Oil, stocks poised to gain in Asia on economic growth hopes

Global stocks and crude prices were set to extend gains in Asia on Wednesday on confidence that government steps to restart economies will bring back growth and demand for oil......»»

Category: topSource: reutersMay 5th, 2020

London Markets: London stocks head for worst session in two weeks, as oil slump hits BP and Shell

London stocks fell sharply on Wednesday, dragged lower by heavily weighted oil stocks as crude prices came under pressure amid a bleak forecast for demand......»»

Category: topSource: marketwatchApr 15th, 2020

Stocks under pressure after biggest quarterly drop since 2008

Asian shares faced another leg lower on Wednesday as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002......»»

Category: topSource: reutersMar 31st, 2020

Crude Oil at 18-Year Low, Energy Stocks Crushed

Crude oil prices have dropped to near two-decade lows as the Saudis affirm their production increase and the coronavirus slices into demand......»»

Category: blogSource: 247wallstMar 18th, 2020

Futures Movers: Oil falls 3% as Saudi Arabia moves to boost production capacity in price war

Oil futures see renewed pressure Wednesday after Saudi Arabia moves to increase output capacity, it’s latest move in a price wary with Russia that’s sent crude prices tumbling to four-year lows and sent shock waves through global financial markets......»»

Category: topSource: marketwatchMar 11th, 2020

Oil crashes after Saudi Arabia starts price war amid slumping demand

Oil prices plummeted around 30% on Monday after Saudi Arabia slashed its official selling prices and set plans for a dramatic increase in crude production next month, starting a price war even as spread of the coronavirus erodes global demand growth......»»

Category: topSource: reutersMar 9th, 2020

Oil falls on spread of Wuhan virus, U.S. oil-stocks build

Oil prices fell on Thursday as alarm spread over the economic impact of the Wuhan virus in China, while a bigger-than-expected increase in U.S. crude stocks added to the negative tone......»»

Category: topSource: reutersJan 30th, 2020

Stocks climb new peaks on trade deal, oil slips on demand worries

Key world equity indexes climbed to new records on Wednesday on hopes a U.S.-China trade deal will reduce harmful tensions, but oil prices slid on doubts the pact will spur world growth and boost crude demand......»»

Category: topSource: reutersJan 15th, 2020

Stocks hit new peaks on trade deal as oil slips on demand worries

Key world stock market indexes climbed to new records on Wednesday on hopes a U.S.-China trade deal will reduce tensions, but oil prices slid on doubts the pact will spur world growth and boost crude demand......»»

Category: topSource: reutersJan 15th, 2020

Global stocks rise after Fed keeps rates on hold; oil falls

Global equity markets rose on Wednesday after the Federal Reserve indicated interest rates would remain on hold for some time - a positive for risk assets - while oil prices fell after data showed an unexpected increase in U.S. crude inventories......»»

Category: topSource: reutersDec 11th, 2019

Stocks rally, oil gains on revived U.S.-China trade hopes

Crude prices rose and global equities markets rallied on Friday, with the major U.S. indexes setting record highs, on renewed optimism the United States and China are nearing a deal to de-escalate a 16-month trade war that has crimped global growth......»»

Category: topSource: reutersNov 15th, 2019

U.S.-China trade hopes revive stocks, crude rises

Crude prices and global equities markets rose on Friday, with the major U.S. indexes setting record highs, on renewed hopes that the United States and China will reach a deal to de-escalate a 16-month trade war that has crimped global growth......»»

Category: topSource: reutersNov 15th, 2019

Oil mixed on U.S. crude stocks build, OPEC shale growth comments

Oil was mixed on Thursday as a build in U.S. crude inventories weighed on prices, while comments from the Organization of the Petroleum Exporting Countries about lower-than-expected U.S. shale production in 2020 limited declines......»»

Category: topSource: reutersNov 14th, 2019

Oil trims gains, but Middle East risks keep stocks on back foot

Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure......»»

Category: topSource: reutersSep 17th, 2019

Oil trims gains but Middle East risks keep stocks on back foot

Oil futures shed some of their massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure......»»

Category: topSource: reutersSep 16th, 2019

Wall Street hit by Saudi attacks; energy stocks temper losses

U.S. stocks fell on Monday on global growth worries after weekend attacks on Saudi Arabia's crude facilities hit 5% of the world's supply, but a sharp surge in crude prices lifted beaten-down energy stocks and kept losses in check......»»

Category: topSource: reutersSep 16th, 2019

Oil soars after attack on Saudi facilities, stocks weaken

Oil prices soared on Monday after attacks on crude facilities in Saudi Arabia sparked worries over the impact of an oil shock on economic growth, halting a positive run in world stocks as investors reached for less risky assets......»»

Category: topSource: reutersSep 16th, 2019