Page 69 - Oil Prices

Oil dips in Asia after hitting 2016 highs

Prices surged to 2016 peaks for the second straight day yesterday after the Federal Reserve left interest rates unchanged

Oil retreats from 2016 highs on US crude build-up

US crude inventories climbed two million barrels last week to an all-time peak of 540.6 million barrels

Oil prices rise on weaker dollar ahead of Fed rate decision

A weak dollar provided support as it makes crude cheaper for customers using other currencies

Oil hits 2016 high after US crude draw report, gasoline rally

Brent and WTI futures ended up almost 3% higher after American Petroleum Institute reported drawdown of 1.1 million barrels in US crude inventories

Oil prices rebound ahead of US inventory data

However, analysts say the gains would likely be short-lived owing to lingering worries about a global supply glut

IMF expects $500 billion revenue loss for Mideast oil exporters

According to a report by IMF, Saudi Arabia will see growth at just above 2% due to drop in oil prices

Oil prices fall on news of possible Saudi oilfield expansion

The news fueled fresh concerns about the global supply glut

Oil prices set for one of the biggest weekly rises in 2016

US West Texas Intermediate crude was up 1.2% at $43.68 a barrel.

Oil extends gains in Asia after US output falls

Reports that Iraq is pushing for new talks after the collapse of the Doha gathering Sunday also provided strong support

Oil oversupply to end later this year

IEA says world surplus will diminish to 200,000 barrels a day in the second half from 1.5 mn in the first half of this year

Oil prices hold steady on strong China demand, ahead of producer meeting

Major oil producers from the Middle East, Russia, excluding US plan to meet in Qatar's capital Doha next Sunday

Crude holds above $40 in Asia ahead of producers' summit

Analysts said prices were expected to see-saw ahead of Sunday's meeting in the Qatari capital Doha

Oil prices rise in Asia as Doha meeting, US report loom

Data showing US stockpiles and output had seen a surprise fall provided some much needed impetus to the market last week

Oil prices jump 6%

US crude this year has drawn support from cheap gasoline pump prices and benign driving weather

Oil prices extend gains on US inventory data

A sizeable drop in US stockpiles, the first decline in seven weeks, indicated stronger demand

Oil prices extend losses as output freeze hopes fade

After breaking above $40 in March on expectations for the Russia-Saudi Arabia-led talks, the commodity has tumbled in recent weeks

Oil tumbles 4%; Saudi Arabia cold on output freeze

The dollar firmed after stronger-than-expected US jobs data, which also weighed on oil early in the first session of the second quarter

Oil prices fall as concerns rise over rally petering out

US oil was down 17 cents at $39.22 a barrel at 0055 GMT, after finishing down 7 cents at $39.39, the previous session

Oil prices rise on lower US rig numbers

Analysts say traders will likely hold off making any big moves ahead of next month's meeting of key producers

Oil prices extend fall after US inventories rise

A jump in stocks last week added to concerns of a lasting world supply glut