Tag: Oil Price
Oil suffers worst day of 2019 as trade turmoil swamps confidence
(Bloomberg) - Oil spiraled to its worst daily performance of the year as mounting trade tensions between the world’s biggest economies sent investors fleeing...
Iran sees oil above $100/b, repeats threat of Strait of Hormuz...
(S&P Global Platts) Tehran — A top Iranian military official repeated a threat to shut the Strait of Hormuz if the country's oil shipments...
Oil slips to $71, hit by talk of higher OPEC+ production
(Reuters) - Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher U.S. inventories and concern about Russia’s willingness...
Oil prices drop as China economic slowdown threatens to spread
(Reuters) - Oil prices fell on Tuesday on signs that an economic slowdown in China, the world’s second-largest economy and oil consumer, was spreading,...
Oversupply, faltering growth to weigh on oil prices in 2019: Reuters...
(Reuters) - Crude oil prices look likely to trade below $70 per barrel in 2019 as surplus production, much of it from the United...
Oil prices dive 4% as OPEC meeting ends with no details...
(CNBC) Oil prices tumbled 4 percent on Thursday as OPEC reportedly agreed to cut production, but ended its closely-watched meeting without a decision on...
Oil halts slide near $51 as concerns persist over supply glut
(Bloomberg) Oil traded near $51 a barrel on concerns record output by Saudi Arabia will exacerbate a supply glut as President Donald Trump continues...
Oil hits lowest in a year, even as OPEC considers output...
(Reuters) - Oil fell to its lowest level in more than a year on Friday on continued concerns about a rising global surplus, even...
Oil claws back some losses after 6-pct plunge, but outlook still...
(Reuters) - Oil bounced by more than 1 percent on Wednesday to claw back some of the previous day’s 6-percent plunge, lifted by a...
Oil climbs 1 percent on prospect of OPEC, Russia supply cut
(Reuters) - Oil prices rose by around 1 percent on Monday amid expectations that top exporter Saudi Arabia will push producer club OPEC as...