Asian shares lifted by US data, oil slides
Asian shares got a lift on Friday after upbeat US data suggested weaker oil prices are adding momentum to the American economy, though a continued slide in crude prices kept gains in check.
Dec 12, 2014, 10:53 AM IST
Oil prices struggle after WTI sinks below $60
Oil prices sank further in Asia on Friday, with analysts warning of little respite from the the selling after plunging more than 40 percent since June.
Dec 12, 2014, 08:43 AM IST
Brent edges up toward $65, but Saudi stance on output curbs gains
Brent crude ticked higher on Thursday but remained below $65 per barrel, and not far above five-year lows hit in the previous session, with the market`s bearish tone largely intact.
Dec 11, 2014, 10:29 AM IST
Oil prices rebound in Asia
Oil prices rebounded in Asia on Thursday after falling sharply to fresh five-year lows in the previous session after OPEC cut its forecast for demand 2015 and US stockpiles saw a surprise surge, analysts said.
Dec 11, 2014, 08:50 AM IST
Oil up after 5-year low in Brent; traders wary of more downside
Sentiment in oil was aided somewhat by a weaker dollar that boosted the value of commodities denominated in the currency, traders said.
Dec 10, 2014, 08:55 AM IST
Oil hits five-year low below $66 on oversupply worries
Benchmark Brent crude slipped again on Tuesday to its lowest in five years, dropping below $66 a barrel after plunging more than 4 percent the day before on worries of a swelling supply glut.
Dec 09, 2014, 14:06 PM IST
Oil prices tumble to fresh five-year lows
Crude struck fresh five-year lows in Asia Tuesday, with analysts forecasting further falls owing to weak demand, a global supply glut and fewer production halts.
Dec 09, 2014, 11:39 AM IST
S&P 500 posts worst day since Oct: Energy shares sink
The S&P 500 posted its biggest daily percentage drop since Oct. 22 on Monday as oil`s slump to a five-year low caused a selloff in energy shares.
Dec 09, 2014, 10:09 AM IST
Oil drops $2 to five-year low on oversupply
Brent crude oil fell more than $2 a barrel on Monday to a new five-year low on predictions that oversupply would keep building until next year after OPEC decided not to cut output.
Dec 08, 2014, 19:45 PM IST
Crude falls below $69 per barrel as price rout rolls on
Brent crude slipped below $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia added to recent pressure.
Dec 05, 2014, 22:04 PM IST
Oil price slumps as OPEC targets US shale
Crude oil prices hit multi-year lows this week after OPEC held output levels despite global oversupply, in a move perceived by some analysts as an attack on booming US shale energy.
Nov 29, 2014, 02:35 AM IST
Crude hits 4-1/2 year low after OPEC decides against output cut
U.S. crude futures tumbled nearly $6 on Friday to the lowest since May 2010 after OPEC decided against cutting output, leaving the market with excess supply that deepened oil`s months-long rout.
Nov 28, 2014, 06:45 AM IST
Fund managers see oil falling to $60 without OPEC cut
Oil prices have been falling since the summer due to abundant supply, partly from US shale oil, and because of low demand growth, particularly in Europe and Asia.
Nov 25, 2014, 00:27 AM IST
Brent climbs above $80.50 after China rate cuts; OPEC meet eyed
Brent crude futures rose above $80.50 a barrel on Monday ahead of a meeting of the producer group OPEC at which an output cut will be discussed, while China`s move to lower interest rates late last week also underpinned prices.
Nov 24, 2014, 13:26 PM IST
Oil prices rise in Asian trade
Analysts say the stance of Gulf nations within the OPEC will be crucial for a positive decision on reducing supplies to boost prices, which have fallen around 30 percent since June.
Nov 20, 2014, 11:16 AM IST
Oil prices down in Asian trade
Singapore`s United Overseas Bank (UOB) said expectations are for the recent price plunge to "force OPEC to cut production".
Nov 17, 2014, 08:45 AM IST
Brent stays near 4-year low above $77 on glut, OPEC worries
Brent crude held near a four-year low just above $77 a barrel on Friday amid concerns over excess supply and uncertainty over whether OPEC would cut output at a meeting in two weeks.
Nov 14, 2014, 14:03 PM IST
Brent crude oil falls to four-year low of $81.23
Brent crude oil futures fell by more than $1 on Tuesday to a four-year low of $81.23, as a strong dollar and robust production from U.S. shale oil fields weighed on prices.
Nov 11, 2014, 14:14 PM IST
Brent drops below $83, but US jobs data could buoy prices
Brent crude dropped for the second straight session on Friday, dragged below $83 by worries over the strong U.S. dollar.
Nov 07, 2014, 13:15 PM IST
Brent gains after US crude stocks data, trades above $83
Brent crude rose above $83 a barrel on Thursday, bouncing further from its lowest level since 2010 after a lower-than-expected rise in U.S. crude stocks and solid U.S. job growth provided relief after a string of negative Chinese data.
Nov 06, 2014, 13:13 PM IST
