Oil prices rose in early Asian trade on Monday, although gains were limited as investors look ahead to an Opec meeting where ministers from the oil producing group will set policy in the face of a market still in glut.Oil prices are heading for declines of as much as…
Crude oil futures fell on Friday with losses this month standing at around 9 percent, hurt by disappointing Chinese economic data and worries over a supply glut.A firmer U.S. dollar also weighed on oil, making greenback-denominated contracts more expensive for holders of other currencies, although trading was quiet after…
Crude futures erased early losses to settle steady on Wednesday after a smaller-than-expected supply build in the United States and drop in the number of US rigs actively drilling for oil.Traders and investors also covered short positions before US markets close for Thursday’s Thanksgiving holiday, analysts said.
“People did not…
OPEC is determined to keep pumping oil vigorously despite the resulting financial strain even on the policy’s chief architect, Saudi Arabia, alarming weaker members who fear prices may slump further towards $20.
Any policy U-turn would be possible only if large producers outside the exporters’ group, notably Russia, were to…
Crude oil futures rose about 1% on Tuesday, after Saudi Arabia pledged to work toward oil price stability, while a strong US dollar and an expected rise in US crude stocks limited the price rally.Benchmark Brent futures for January contract climbed 38 cents or 0.85% at $45.21 in early…
