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News Archive for: August 2015

Oil dips in early trade: Investors take advantage of last week’s rally and take profits:

Oil prices fell in Asia on Monday as traders took profits, snapping three days of gains last week that saw the biggest two-day rally in six years.”There is definitely a lot of profit taking going on,” said Daniel Ang, an analyst at Singapore’s Phillip Futures.

“There is some readjustment in…

Oil extends gains: US crude on track to post its first weekly rise in 11 weeks:

Crude futures rose on Friday, adding to their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.US crude futures are on track for their first weekly gains in 11 weeks, ending the longest losing streak since 1986….

Brent climbs more than $1: Unexpected rise in US inventories sees prices rise in early trade:

Brent crude climbed by more than $1 a barrel on Thursday on an unexpected fall in US crude inventories and a rally in global equity markets, but a stronger dollar capped gains.Front-month Brent, the global oil benchmark, had gained $1.03 to $44.17 a barrel in early trade, having ended…

Cluff Natural Resources provides interim results:

Cluff Natural Resources Plc, the AIM quoted natural resources investing company, is pleased to announce its interim results for the six months ended 30 June 2015.

HighlightsContinuing to build substantive portfolio of Underground Coal Gasification (‘UCG’) Licences inshore UK – portfolio totals 690km2
Progressing Conventional Hydrocarbon licences in the Southern North…

Oil inches higher: Prices recover slightly after steep decline in previous session but remain near 6.5-year lows:

Crude markets edged up but remained near 6.5-year lows on Tuesday, following a session that saw prices fall as much as 6% after a Chinese equities rout sent global markets into a tailspin.Asian stocks resumed their slides on Tuesday, with China’s and Japan’s major stock indexes tanking again in…

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