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Oil spikes 9% as market rebound puts negative prices in rear view

Reuters West Texas Intermediate crude oil tore higher for a second straight sessi.....»»

Category: topSource: businessinsiderApr 24th, 2020

US stocks climb as traders weigh unemployment filings and an oil-market rebound

Reuters / Lucas Jackson US stocks climbed on Thursday as investors mulled economic data and rebounding oil prices. Jobless claims hit 4.4 million in the week ended April 18, declining from previous periods but pushing the metric's five-week total abo.....»»

Category: topSource: businessinsiderApr 23rd, 2020

Futures Movers: Oil prices rebound from 21-year low; gasoline futures rally on smaller U.S. stock climb

Oil ends sharply higher on Wednesday as a rise in U.S.-Iran tensions and declines in U.S. crude output prompt a rebound from a 21-year low, and as a smaller-than-expected weekly climb in U.S. gasoline stockpiles lifts futures prices for the fuel......»»

Category: topSource: marketwatchApr 22nd, 2020

Futures Movers: Oil prices rebound from 21-year low; U.S. gasoline stocks fall less than expected

Oil trades sharply higher on Wednesday, rebounding from a drop to a 21-year low, as a smaller-than-expected weekly climb in U.S. gasoline stockpiles lifts futures prices for the fuel......»»

Category: topSource: marketwatchApr 22nd, 2020

Oil Analyst Expects Rise In Demand Later In 2020, Says V-Shaped Recovery "Less Certain"

Oil prices are expected to make a sharp V-shaped rebound in the second half of 2020, but the sentiment is muted but for now as the COVID-19 pandemic continues to spread, according to one analyst.  read more.....»»

Category: blogSource: benzingaApr 16th, 2020

Oil skids as oversupply fears pile up with U.S. inventories growth

Global crude oil prices slid further on Wednesday, following their biggest-ever quarterly and monthly losses, as a bigger-than-expected rise in U.S. inventories and a widening rift within OPEC heightened oversupply fears......»»

Category: topSource: reutersApr 1st, 2020

Oil prices mixed, U.S. inventory build-up heightens oversupply concerns

Crude oil benchmarks opened the month mixed on Wednesday, following their biggest-ever quarterly and monthly losses, overshadowed by fears of global oversupply as data showed a bigger-than-expected rise in inventories in the United States......»»

Category: topSource: reutersMar 31st, 2020

WTI Maintains Gains Despite Much Bigger Than Expected Crude Build

WTI Maintains Gains Despite Much Bigger Than Expected Crude Build Oil prices screamed higher (partly in response to investors' rising skepti.....»»

Category: blogSource: zerohedgeMar 10th, 2020

OPEC raises stakes with Russia, seeks biggest oil cut since 2008 crisis

OPEC pushed on Thursday for a bigger-than-expected oil output cut to support prices that have been hit by the coronavirus outbreak, effectively presenting its non-OPEC partners with an ultimatum to back the move or face a price collapse......»»

Category: topSource: reutersMar 5th, 2020

Oil bounces from multi-year lows as hopes of OPEC+ cut, stimulus offset virus impact

Oil prices pared losses after earlier hitting multi-year lows on Monday as hopes that a bigger than expected production cut from OPEC and stimulus from central banks could offset economic gloom from the coronavirus outbreak......»»

Category: topSource: reutersMar 1st, 2020

OPEC leaning towards larger oil cuts as virus hits prices, demand: sources

Several key OPEC members are leaning towards a bigger than previously expected oil output cut, four sources with knowledge of the talks said, as oil prices fell to $50 per barrel on fears the coronavirus outbreak will hit oil demand badly......»»

Category: topSource: reutersFeb 28th, 2020

Oil prices rise on U.S. gasoline stock draw, smaller-than-expected gain in crude inventories

Oil prices rose further on Thursday after a U.S. report showed a draw in gasoline inventories and a much smaller-than-anticipated rise in crude stocks......»»

Category: topSource: reutersFeb 20th, 2020

Dunkin" boosted by Beyond Meat breakfast sandwich

Dunkin' Brands reported a bigger than expected fourth-quarter profit, lifted by higher prices and a shift in consumer preferences......»»

Category: topSource: foxnewsFeb 6th, 2020

WTI Holds Losses Below $50 After Bigger-Than-Expected Crude Build

WTI Holds Losses Below $50 After Bigger-Than-Expected Crude Build Oil prices plunged to one-year lows, with WTI back below $50 for the first time since Jan 2019 as global demand concerns trumped OPEC+ jawboning .....»»

Category: blogSource: zerohedgeFeb 4th, 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

Futures Movers: Oil prices fall as EIA reports the biggest weekly U.S. crude-supply climb since November

Oil futures decline on Wednesday as U.S. government data reveal that domestic crude inventories posted a bigger-than-expected weekly climb—their largest since November......»»

Category: topSource: marketwatchJan 29th, 2020

Dow Jones Newswires: Swedish steelmaker SSAB swings to bigger-than-expected loss

Swedish steelmaker SSAB AB said Tuesday that it swung to a fourth-quarter net loss as a weaker market saw stock adjustments in Europe, while strikes in Finland and lower prices in its Americas operation all weighed on the result......»»

Category: topSource: marketwatchJan 28th, 2020

Goldman profits slump on 1MDB legal woes

Goldman Sachs Group Inc reported a bigger-than-expected fall in quarterly profit on Wednesday as the Wall Street bank set aside more money to cover legal costs for the 1MDB corruption scandal, overshadowing a rebound in its trading business......»»

Category: topSource: reutersJan 15th, 2020

Highlights of the day: NAND flash prices to surge after Kioxia fab fire

Recovery in the memory market has been expected to send prices rising, but the extent of increase in the NAND flash segment may be bigger than expected in the short term after a brief fire that broke out at .....»»

Category: topSource: digitimesJan 9th, 2020

Oil steady on trade pact optimism, stock draw; eyes on MidEast

Oil prices hovered around three-month highs on Monday following a higher-than-expected crude inventory drawdown and optimism over an expected U.S-China trade deal, while traders kept a close eye on Middle East unrest......»»

Category: topSource: reutersDec 29th, 2019