Thursday 25 August 2016
 
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Fall

Brent crude slides, but on track for third week of gains

Brent crude oil fell on Friday after hitting an eight-week high, as weak fundamentals countered a lift in sentiment over talks next month on a possible output freeze, though futures remained on track to rise for a third consecutive week.

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Oil prices slip as short-covering rally fizzles

Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports. US West Texas Intermediate (WTI) crude futures fetched $

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Oil prices fall as short-covering rally fizzles, oversupply weighs

Oil prices fell by 1 per cent on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China's imports, ending a two-day short-covering rally. US West Texas Intermediate (WTI) c

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Saudi's Kingdom Holding Q2 net profit falls 22pc

Saudi Arabia's Kingdom Holding, the investment firm owned by billionaire Prince Alwaleed bin Talal, posted a 22 per cent fall in second-quarter net profit on Thursday as income from associates and dividends declined. The inves

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Oil prices fall on oversupply concerns despite output cuts

Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in US shale production and a probable further draw in US crude inventories.   Crude prices fell more than 1 pe

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Oil falls on persistent glut fears, China data supports

Crude futures dipped below $47 a barrel on Friday on concerns that a persistent global glut of crude oil and refined products will impede any price recovery. Losses were capped by slightly better-than-expected Chinese economic dat

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European shares fall, travel stocks hit by France attack

European stock markets fell on Friday, with the shares of travel and leisure companies dropping after an attack in the French city of Nice that killed more than 80 people. A gunman at the wheel of a heavy truck ploughed into a cro

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European shares fall, travel stocks hit by France attack

European stock markets fell on Friday, with the shares of travel and leisure companies dropping after an attack in the French city of Nice that killed more than 80 people. A gunman at the wheel of a heavy truck ploughed into a cro

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Oil falls further under $50 on Asia demand concern

Oil fell on Monday over signs that US shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia where refiners are already trimming crude runs.   Brent crude was trading

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Iraq June oil exports fall as domestic usage rises

Iraq's oil exports from the southern ports fell in June as domestic consumption rose due to demand for summer cooling, an official at the state-run South Oil Company said on Friday. Loadings from Iraq's southern oil termin

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