Wednesday 27 July 2016
 
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Oil

Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a

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Oil falls towards $44, lowest since May

Oil on Tuesday hit its lowest since May, falling towards $44 a barrel, pressured by concerns that a long-awaited rebalancing of the market would be delayed due to excess supply. Brent crude is still up more than 60 percent from a

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Oil edges above 3-month lows; mood bearish

Oil prices edged away from three-month lows on Tuesday, supported by a weaker dollar, but concerns of ongoing oversupply weighed on markets and many traders are raising their bets on further price falls. International Brent crude

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Oil prices slide on oversupply, economic headwinds

Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time.   Brent crude futures were trading at $45.45 a barrel at

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Oil near 2-month lows on glut worries

Crude prices inched down on Monday in Asia, staying not far from two-month lows hit in the previous session, amid worries over a global oil glut. A strong dollar and the fourth weekly rise in the U.S. oil rig count have helped rel

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Oil near 2-month lows on glut worries

Crude prices inched down on Monday in Asia, staying not far from two-month lows hit in the previous session, amid worries over a global oil glut. A strong dollar and the fourth weekly rise in the U.S. oil rig count have helped rel

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Oil slips as US stock build raises glut worries

Oil prices slipped on Thursday after a rise in US gasoline inventories helped push US oil stocks to a record high, reinforcing worries of a global oversupply. US crude and oil product stocks rose 2.62 million barrels in the week t

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Oil slips as US stock build raises glut worries

Oil prices slipped on Thursday after a rise in US gasoline inventories helped push US oil stocks to a record high, reinforcing worries of a global oversupply. US crude and oil product stocks rose 2.62 million barrels in the week t

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Oil investors may get another shot at cheap barrels

Oil investors who missed the chance to buy crude at multi-year lows earlier this year might get another shot at securing a bargain, as prices are likely to slip in the near term before recovering more steadily, analysts said. &nbs

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Oil steadies as US inventories send mixed signals

Oil prices steadied after the US Energy Department reported a ninth consecutive weekly drawdown of crude stocks but an overall build in oil inventories.   US West Texas Intermediate crude for September delivery,

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