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Futures Movers: Oil prices rise as key OPEC+ production conference gets under way

Oil futures climb on Thursday as investors awaited the outcome of a crucial meeting of OPEC and its allies that is expected to lead to an agreement to cut global crude production and end a price war between Russia and Saudi Arabia......»»

Category: topSource: marketwatchApr 9th, 2020

Asian shares rise as investors pin hopes on pandemic peaking

Asian shares rose on Thursday on hopes the COVID-19 pandemic is nearing a peak and that governments would roll out more stimulus measures to support their economies, while expectations of a deal to cut oil production bolstered crude prices......»»

Category: topSource: reutersApr 9th, 2020

Oil prices rise on bargain-hunting; virus fears cap gains

Oil climbed on Tuesday as investors sought bargains after crude benchmarks slumped almost 4% in the previous session, although concerns about the coronavirus spreading out of China and curbing major economies and fuel demand capped gains......»»

Category: topSource: reutersFeb 25th, 2020

Stocks edge higher as trade deadline nears, oil falls

Global equity markets rose on Wednesday as investors expected U.S. President Donald Trump would delay his promised new tariffs on Chinese goods, while oil prices fell after data showed an unexpected rise in U.S. crude inventories......»»

Category: topSource: reutersDec 11th, 2019

Oil drops as U.S. data shows unexpected rise in crude stocks

Oil prices dropped about 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday......»»

Category: topSource: reutersDec 11th, 2019

Futures Movers: Oil prices rise ahead of weekly U.S. storage data

Oil futures gain ground Thursday as investors await a government tally of U.S. crude inventories after industry figures showed an unexpected decline in stocks......»»

Category: topSource: marketwatchNov 14th, 2019

Oil prices rise, shrug off inventory gain, look for China stimulus

Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a much larger than expected build in U.S. crude stocks......»»

Category: topSource: reutersOct 31st, 2019

Oil prices rise as investors put hopes on China stimulus

Oil prices rose on Thursday as investors banked on more economic stimulus by China after weak PMI data, partly recovering from losses in the previous session on a surprise build in U.S. crude stocks......»»

Category: topSource: reutersOct 30th, 2019

Oil prices rise after U.S. crude stockpile drop

Oil prices rebounded slightly on Wednesday after a steep fall in the previous session as OPEC and its allies' decision to extend output cuts was not enough to counter investors' concerns about the slowing global economy......»»

Category: topSource: reutersJul 3rd, 2019

U.S. prepares end to Iran sanctions waivers, triggering oil price spike

The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, a source familiar with the situation told Reuters, triggering a 3 percent rise in crude prices......»»

Category: topSource: reutersApr 22nd, 2019

U.S. to announce end to Iran sanctions waivers, oil prices spike

The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, a source familiar with the situation told Reuters, triggering about a 3 percent rise in crude prices......»»

Category: topSource: reutersApr 21st, 2019

Futures Movers: Oil ends higher as investors await inventory data

Oil futures finish higher on Tuesday, with U.S. prices rebounding after dropping to a more than one-week low a day earlier, as investors await weekly petroleum data, which may reveal a fourth straight weekly rise in domestic crude inventories......»»

Category: topSource: marketwatchApr 16th, 2019

Schlumberger profit surges on higher oil prices

(Reuters) - Oilfield services provider Schlumberger NV reported an 88 percent rise in quarterly profit on Friday as rising crude oil prices encouraged its North American clients to ramp up spending......»»

Category: topSource: reutersApr 20th, 2018

Chesapeake tops estimates on higher production, prices

(Reuters) - Chesapeake Energy Corp's quarterly profit exceeded analysts' estimates on Wednesday, as it produced more oil and natural gas from fewer wells and gained from the past year's rise in global prices of crude......»»

Category: topSource: reutersMay 2nd, 2018

Asia stocks rise as crude oil extends rally on Iran worries

TOKYO (Reuters) - Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after U.S. President Donald Trump's decision to pull out of a nuclear deal with Iran......»»

Category: topSource: reutersMay 9th, 2018

Oil slips on profit-taking from Iran-based rally

NEW YORK (Reuters) - Crude prices slipped on Thursday, giving up early gains as investors took profit on a rally triggered by potential disruption to oil flows from major exporter Iran in the face of U.S. sanctions......»»

Category: topSource: reutersMay 10th, 2018

Oil cautious on rise in U.S. drilling, Iran sanctions opposition

SINGAPORE (Reuters) - Oil prices edged lower on Monday as a relentless rise in U.S. drilling activity points to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran......»»

Category: topSource: reutersMay 13th, 2018

Oil prices fall as supply from top three producers set to rise

SINGAPORE (Reuters) - Oil prices dropped on Monday on signs that output from the three top crude producers, Russia, the United States and Saudi Arabia, would climb to meet concerns about supply amid strong demand......»»

Category: topSource: reutersMay 27th, 2018

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

Oil prices rise on U.S. push to shut out Iran, supply disruptions

SINGAPORE (Reuters) - Oil prices rose on Wednesday as a supply disruption in Canada tightened the market and after U.S. officials told importers to stop buying Iranian crude from November......»»

Category: topSource: reutersJun 27th, 2018