Oil Prices Dip after Strongest Weekly Rise in over One Year

SINGAPORE, Oct 7 Reuters Oil prices fell on Monday, after posting their steepest weekly rise in more than a year last week, as oversupply concerns amid softer demand countered the worries over a wider Middle East conflict disrupting exports in the key oilproducing region. Brent crude futures fell 28 cents, or 0.36, to 77.77 per […]
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Oil Prices Jump more than 3, Middle East Tensions Escalate

Oil prices rise on fears over Middle East supply disruptions Iran fires over 180 missiles on Israel, says attack is over Israel and the U.S. vow retaliation against Tehran OPEC panel meets later on Wednesday LONDON, Oct 2 Reuters Oil prices climbed more than 3 on Wednesday on rising concerns that Middle East tensions could […]
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OPEC Unlikely to Change Output Policy at Oct. 2 Panel Meeting

OPEC joint ministerial monitoring committee meets on Wednesday Unlikely to change production agreement, sources say Compliance with cuts by Iraq and Kazakhstan under scrutiny, they say LONDONDUBAI, Oct 1 Reuters An OPEC panel is unlikely this week to recommend any changes to its current deal to reduce production and to start unwinding some cuts from […]
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Oil Little Changed as Demand Worries Offset Mideast Fears

Oil steady in early trade Softer Chinese PMI data casts demand doubts OPEC additional supply expected in December Investors weigh escalating tensions between Israel and Lebanon SINGAPORE, Oct 1 Reuters Oil prices were little changed on Tuesday as stronger supply prospects and tepid global demand growth outweighed worries that escalating tensions in the Middle East […]
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Oil Sets to Fall for 3rd month Despite Middle East Conflict

Israel attacks on Lebanon, Yemen raise wider war fears Oil prices under pressure from OPEC cut unwinding, Libya Beijing stimulus maybe not enough to buoy demand, analysts say China factory activity shrinks for fifth straight month LONDON, Sept 30 Reuters Oil prices declined on Monday and were on track to fall for the third month […]
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US Gulf Coast Oil Prices to Take Center Stage as Exports Dominate

Significance of Cushing waning as output heads to Gulf Coast Record trading volumes on Houston contracts Liquidity along Gulf Coast to boost hedging, arbitrage opportunity Cushing stocks near operational low HOUSTON, Sept 27 Reuters Rising U.S. crude oil exports are boosting the prominence of Gulf Coast price benchmarks and buoying trading volumes on Houston contracts, […]
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