Saturday 23 July 2016
 
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oil futures

Oil futures up in Asian trade after big losses

Crude prices rose on Thursday in early Asian trading after big losses in the previous session spurred by mounting concerns that the global glut in oil is not going away soon after the latest bearish data out of the United States.

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Oil prices dip after Saudis say could raise output

Oil futures dipped on Friday after Saudi Arabia said it was ready to raise output further to meet strong demand. US crude prices hit a high of $61.82 a barrel earlier this week, their strongest since May 6, as firm demand and a st

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DME wins top exchange award from FOW

Dubai Mercantile Exchange (DME), a leading energy futures and commodities exchange, has been named the Exchange of the Year for Australasia and MEA by leading industry publication FOW. DME beat off stiff competition from the other

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Hopes for ICE Dubai, DME Oman fade

Three months after its launch, InterContinentalExchange's sour Middle East contract looks moribund, having failed to trade on two days this month, and rarely trading in Asian time anymore. The Oman contract on the rival Dubai Mercantile Ex

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