Oil Price
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Trump’s oil dilemma, Iranian threats and Saudi promises
Jul 5, 2018Oil prices reached near three-year highs on U.S. Independence Day 4th July as tight supplies in the USA and globally overshadow a Saudi pledge to boost output. President Donald Trump reacted with an angry tweet. The OPEC... -
Energy firms rallied on Wednesday after a surge in oil prices
Jun 27, 2018Energy firms rallied on Wednesday after a surge in oil prices but most Asian markets fluctuated as trade war fears torment investors. Both main crude contracts piled higher after the State Department warned US allies they... -
Oil prices rose on Tuesday
Jun 26, 2018Oil prices rose on Tuesday, supported by production losses in Canada, Libya and from the Neutral Zone between Saudi Arabia and Kuwait, but under pressure from higher supply from elsewhere in OPEC and escalating trade conflicts.... -
Global oil prices fell on Friday
May 26, 2018Global oil prices fell on Friday after top producer Saudi Arabia signaled a likely boost in supply as soon as the third quarter, and world stock markets were mixed over the sudden US move to cancel... -
US and European equity markets essentially treaded water while oil prices retreated
May 12, 2018US and European equity markets essentially treaded water Friday while oil prices retreated, concluding a turbulent week marked by President Donald Trump’s decision to withdraw the US from the Iran nuclear pact. The US president’s Iran... -
Oil hovered below a three-year high near $70 a barrel on Monday
Jan 15, 2018U.S. West Texas Intermediate (WTI) crude futures CLc1 were unchanged at $64.30 a barrel. Trading was relatively slow due to a national holiday in the United States. Oil hovered below a three-year high near $70 a... -
Crude oil prices hit new multi-year highs on Wednesday
Jan 10, 2018The Organization of the Petroleum Exporting Countries, together with Russia and a group of other producers, last November extended an output-cutting deal to cover all of 2018. Crude oil prices hit new multi-year highs on Wednesday... -
Oil prices made rapid gains overnight on Tuesday
Nov 8, 2017Oil prices made rapid gains overnight as geopolitical tensions surged between Saudi Arabia and Iran, sparking fears of a conflict that could disrupt supplies from two major producers. But prices retreated slightly in early Asian trade... -
Oil price fell more than $1 a barrel to below $56 on Monday
Oct 2, 2017News Hour: Oil fell more than $1 a barrel to below $56 on Monday as a rise in U.S. drilling and higher OPEC output put the brakes on a rally that helped prices to register their... -
Oil prices fell on Friday
Sep 9, 2017News Hour: Oil prices fell on Friday as Hurricane Irma drove towards the U.S. state of Florida. Irma, which is the second hurricane to approach the United States in two weeks, could knock out refineries and cause...
