Saturday 13 February 2016
 
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US crude

Oil prices rebound from sharp selloff

Crude oil prices pushed higher on Wednesday after Iran said it was open to cooperation with Saudi Arabia, partly recovering from an 8 per cent fall in the previous session led by concerns over demand and weak equities. Prices were

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Oil prices edge up after volatile session

Oil prices edged up on Tuesday after a volatile session the previous day, with the impact of tension in the Middle East offset by worries over global economic growth. Global oil benchmark Brent LCOc1 was up 22 cents at $37.44 a ba

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Oil hovers near 11-year lows on abundant supply

Oil prices steadied not far off their 11-year lows on Tuesday, under pressure from slowing global demand and abundant supplies, with Saudi Arabia signalling no change to its oil policies and Iran preparing to ramp up exports. Inte

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Oil prices weaken post-Christmas

Oil prices fell on Monday after the long Christmas weekend, with US crudes defending a newly gained premium over internationally traded Brent contracts. Front-month US West Texas Intermediate (WTI) futures were trading at $37.91 p

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Asia stocks dip in light year-end trade

Asian stocks dipped on Monday amid a lack of immediate directional cues in light year-end trade, although Japanese shares managed to rise following a rebound in crude oil prices from multiple-year lows. Investors across asset mark

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Oil surges 3 per cent after US crude stocks drop

Oil rose more than 3 per cent on Wednesday in thin, pre-holiday trading, buoyed by a surprise drop in US crude inventories, but prices stayed near multi-year lows as global supplies remained abundant and Opec lowered the demand outlook for its e

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Oil eases after 6 days of gains as glut worries return

Oil fell on Thursday, after six days of gains, as concerns that escalating violence in the Middle East would disrupt supply faded, and the focus returned to a persistent market glut. Brent crude was down 32 cents at $45.71 a barre

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Asian shares edge up, euro under pressure

Asian shares advanced in early trade on Thursday, while growing bets the European Central Bank was gearing up to deliver further stimulus steps kept the euro under pressure. MSCI's broadest index of Asia-Pacific shares outside

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Oil up 1pc to $44.66 on short-covering

Brent oil settled 1 per cent higher on Friday on pre-weekend short-covering, while US crude settled lower but just above the $40-per-barrel support it has struggled to defend after a surge in inventories. US crude's expiring s

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Oil prices edge up on falling stocks report

Crude oil prices edged up in early trading on Wednesday following reports of falling stockpiles and rising refinery activity, but analysts said the market would remain under pressure for the rest of the year and into 2016. Industr

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