Oil Pares Gains as Dollar Recovers
U.S. crude inventories seen down for 4th straight week. Crude oil futures edged up on Wednesday on expectations that U.S. crude stocks fell for a fourth straight week, but prices pared early gains as the dollar reversed losses. July Brent crude was up 13 cents at $63.85 a barrel by 1043 GMT…
Brent Above $66 on Weaker Dollar
Brent crude futures rose above $66 a barrel on Tuesday as a weaker dollar and the Yemen conflict helped lift prices. Record high oil output from Saudi Arabia in April failed to dent the move, although Goldman Sachs warned of further oil price declines.
Oil Bulls Drive Crude to 2015 High
U.S. crude stocks fall by 1.5 million barrels - API. Oil prices rose more than a dollar to 2015 highs on Wednesday, as a month-long rally gained further impetus from a fall in U.S. crude stocks and conflict in the Middle East. Brent crude was up $1.43 to $68.88 a barrel by 1129 GMT…
Oil Rallies Briefly after Iran Seizes Cargo Ship
Oil prices rallied briefly on Tuesday after reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship, raised geopolitical tensions and concerns about the security of Middle East crude shipments.
Oil Rises after Iran Seizure of U.S. Vessel
Iran seizes U.S. Oil down earlier on bets of another record high in U.S. Oil prices turned positive on Tuesday after reports that Iran had seized an U.S. cargo vessel raised geopolitical tensions and concerns about the security of Middle East crude shipments, traders said. Futures of U.K.
Oil Down as U.S. Stocks Build
U.S. crude inventory may have marked new high last week, but Saudi Arabia says Asian demand is strong and will increase. Brent crude futures slipped on Tuesday ahead of weekly U.S. crude inventory data that is expected to hit another high, but a weaker dollar helped to put a floor under prices. U.S.
Brent Slips to $65, Dollar Strengthens
Dollar up 0.3 percent against basket of currencies; U.S. rig count drops to lowest since 2010. Brent crude slipped to around $65 on Monday as the dollar strengthened, but a further sign that U.S. shale output may have started to decline put a floor under prices.
Oil Dips Below $62 on U.S. Inventory
U.S. crude stocks rose 5.5 million barrels last week. Industry leaders say demand will push prices higher. Oil prices dipped under $62 a barrel on Wednesday after industry data showed a build in U.S. crude inventories for the 15th straight week, adding to concerns of a global supply glut.
Brent Crude Long Positions at New Record
Hedge funds and other money managers raised their bets on rising Brent crude oil prices last week to a record level, in the biggest weekly increase since December, exchange data showed on Monday. Speculators increased net long positions in Brent futures and options by 29…
Oil Falls as Saudi Output Nears Record High
Saudi oil production "around 10 million" bpd in April. U.S. rig count falls for 19th straight week. Oil prices fell to under $63 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter…
Brent Slips Below $64 as Ample Supplies Weigh
Oil prices eased slightly on Friday as evidence this week of rising crude supplies from OPEC members offset Middle East tensions and signs of a slowdown in U.S. output. Brent crude was still within sight of its 2015 high reached on Thursday and has rallied 16 percent in April…
Oil above $58 on U.S. Shale Report, Mideast Tension
Crude oil rose on Tuesday after a forecast that U.S. shale oil output would record its first monthly decline in more than four years and on tensions in Yemen, where top oil exporter Saudi Arabia is embroiled in a civil war. Brent crude was up 32 cents at $58.25 a barrel by 1339 GMT, while U.S.
Oil Rallies But Sentiment Weak
Brent, WTI crude futures both up over 2 pct. Brent volatility at highest level since 2008/2009. Oil prices rallied more than 2 percent on Thursday, clawing back part of a 6 percent slump triggered by a jump in U.S. crude inventories and record Saudi output…
Oil Falls on U.S. Stocks, Record Saudi Output
Saudi oil production hit record 10.3 mln bpd in March and U.S. crude stocks surged by 12.2 mln barrels last week. Oil prices fell towards $58 a barrel on Wednesday as industry data showed a larger-than-expected weekly increase in U.S. stockpiles and as Saudi Arabia reported record output in March.
Oil Rises After Saudi's Asia Price Hike
Saudi raises crude prices to Asia for 2nd month. Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised its prices for crude sales to Asia for the second month running, signalling improved demand in the region. International…
Brent at $55 as Iran Talks Drag On
Iran hopes to wrap up talks by Wed night. Brent crude oil futures held around $55 a barrel as speculation continued over whether a preliminary deal over Iran's nuclear programme would be reached, opening the way for more Iranian crude to come into world markets.
Oil Prices Surge after Saudi Air Strikes in Yemen
Brent crude surged by as more than 5 percent on Thursday after Saudi Arabia and its Gulf Arab allies began air strikes in Yemen, before paring gains by almost half to trade back near $58 a barrel. The military operation against Houthi rebels…
Brent Falls Below $53 on Record U.S. Stocks
U.S. crude stockpiles rise by 10.5 mln barrels (API). Brent oil prices fell below $53 a barrel on Wednesday on oversupply concerns as industry data indicated U.S. crude stocks had hit a new record high. U.S. crude inventories rose by 10.5 million…
Brent Rises on Weak Dollar, WTI Falls
Crude oil futures diverged on Thursday with Brent rising towards$58 a barrel on Thursday as the dollar weakened, while U.S crude futures fell below $48 a barrel after industry monitors estimated another big stock build at the Cushing, Oklahoma, delivery point for U.S. crude.
Brent Tops $61 on Iraq, Libya Violence
Libya has declared force majeure on 11 oilfields. Brent crude future prices rose above $61 a barrel on Thursday, as investors brushed aside bearish U.S. inventories data to focus on tensions in Iraq and Libya. A deteriorating security situation…
