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Oil drops 3%, pares Opec gains on stock market weakness[NEW YORK] Oil fell nearly 3 per cent on Monday, echoing the weakness in global stock markets as the focus returned to concerns about growth in demand and crude prices erased some of the gains made last week on an Opec-led decision to cut output. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Investors flee oil as stock rout, OPEC doubts turn up pressure[NEW YORK] Investors fled oil in droves on Tuesday, repelled by a toxic mix that included a global sell-off in stocks, rising doubts on OPEC's commitment to production cuts and escalating trade tensions. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Oil slumps 4 percent to lowest in a year as stock markets sinkOil prices fell on Thursday to erase most of their gains from the day before, resuming declines seen earlier in the week amid worries about ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Oil prices drop while stock markets weakenLONDON Oil prices fell yesterday, in line with weaker stock markets after evidence that economic growth in China, the world's second largest crude consumer, eased last year. Brent crude oil futures were last down 35 US cents (48 Singapore cents) on the day at US$62.35 a...
Source: thenewpaper - 🏆 7. / 63 Read more »
US oil up 1% on Venezuela turmoil, but hefty stock build weighs[NEW YORK] US oil prices rose by 1 per cent on Thursday, boosted by the US threat of sanctions on Venezuela, but gains were capped by record high gasoline inventories and an unexpected big build in crude stocks in the United States. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
China's Xi in Brunei as oil-dependent sultanate seeks investmentPresident Xi Jinping visited Brunei on Monday, with the sultanate turning to China to boost its flagging, oil-dependent economy as warnings mount ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »