Page 65 - Oil Prices

Oil rises on renewed OPEC output freeze talks, but fundamentals remain weak

In the absence of an agreement between major OPEC members, a fight for market share via high output and price discounts is still weighing on markets

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

Traders said overproduction in crude and refined products left onshore storage tanks filled to rims; tankers sell unsold fuel

US crude oil remains below $40-mark as oversupply still weighs

While international Brent crude futures were trading at $41.85 a barrel, WTI crude was trading at $39.63 a barrel

Oil prices decline

US crude stockpiles gained unexpectedly, deepening market concerns on oversupply

Oil prices edge away from 3-month lows, but mood remains bearish

As oil is traded in dollars, a cheaper greenback makes fuel imports cheaper for countries using other currencies, potentially spurring demand

Oil prices extend losses on supply worries

Prices have fluctuated between $43 and $52 per barrel since early June after falling below $30 in February

Oil futures mixed, face weekly decline as fears of glut persist

Brent crude was up 5 cents at $46.25 a barrel, while US WTI traded down two cents at $44.73 a barrel

Crude oil futures rise after US stockpiles fall

Brent crude was trading up at 13 cents, while US WTI rose seven cents to $44.72 a barrel

Oil prices fall on oversupply concerns despite output cuts

US shale oil production is expected to fall in August for a tenth straight month, by 99,000 barrels per day to 4.55 million bpd

Oil prices up in Asia after strong US, China data

Over the past month, oil has fluctuated between $44 and $52 per barrel

Oil prices down on resurgent supply glut worries

Surging output from crude producers reignited concern that the oversupply might not ease as quickly as expected

Oil slides 4% on bearish US stock data

Oil prices fell more than four per cent on Wednesday after the US government stunned the market with a raft of bearish inventory oil data that added to renewed concerns over a global glut of oil.US crude oil stockpiles fell less than expected last week, while distillate inventories rose the most since January and gasoline posted a surprise build, the Energy Information Administration (EIA) said.The US inventory report reported added pressure to the already bearish market after the Paris-based International Energy Agency warned that a global supply glut was threatening market recovery."A surprising build in gasoline in the peak of US driving season and a very large build in heating oil will set the tone for lower prices as we go forward," said Tariq Zahir, a trader in crude oil spreads at Tyche Capital Advisors in New York."The products markets will continue to put weakness in the energy complex."Brent crude was down $2.20, or 4.6 per cent, at $46.27 a barrel by 11:31 am EDT (1531 GMT).

Oil drops as investors lock in gains; surprise US stockpile build

Brent futures fell 37 cents to $48.10 a barrel, US Crude dropped 28 cents to $46.52 a barrel

Oil settles up 5%, trims gains after hours on API report

American Petroleum Institute reported larger-than-expected gains in inventories of gasoline and distillates

Oil prices rise on Iraq loading worries; bearish investors cap gains

Oil price gains have, however, been limited with financial players betting on price falls, or shorting the crude market

Oil prices remain near two-month lows as investors bet on weaker prices

Hedge funds and other money managers cut their bullish bets on crude oil by 22 million barrels over the seven days ending on July 5

Oil fell on economic weakness in Asia

Traders said the lower prices were a result of Asian refiners beginning to cut crude orders and the region's economic slowdown

Oil prices plunge after disappointing stockpile data

Meanwhile, worries about global economic uncertainty after Britain's exit from the European Union continued to weigh on the market

Oil rebounds from two-month lows, outlook seen volatile

Brent was trading at $46.95, while US WTI crude traded up 0.95% at $45.57 a barrel

Oil losses mount as world markets hit by Brexit woe

The uncertainty unleashed by Brexit battered the oil market this week, with Brent diving 4.3% and WTI shedding 4.9% yesterday