Oil Price
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Oil traded steady on Friday
Apr 21, 2017News Hour: Oil traded steady on Friday, though it was set for its biggest weekly drop in about a month over doubts that an OPEC-led production cut will restore balance to a market that has been... -
Weakness in petroleum-linked shares pressured US stocks
Apr 20, 2017News Hour: Weakness in petroleum-linked shares pressured US stocks on Wednesday, while London equities retreated again following the surprise announcement of a snap general election. Oil prices fell nearly four percent following a build in US... -
Oil price rose towards $56 a barrel supported by another shutdown at Libya’s largest oilfield
Apr 10, 2017News Hour: Oil rose towards $56 a barrel on Monday, supported by another shutdown at Libya’s largest oilfield, tension over Syria following the U.S. missile strike and signs that an OPEC-led supply cut is helping to... -
Oil prices slumped to lowest level of 2017 following a bearish US supply report
Mar 9, 2017News Hour: Oil prices slumped to their lowest level of 2017 on Wednesday following a bearish US supply report that also dented American petroleum-linked shares. The US oil benchmark, West Texas Intermediate, slid more than five... -
Global oil prices fell 1 pct on Tuesday
Feb 28, 2017News Hour: Global oil prices fell 1 pct on Tuesday but continued to trade in a tight range, as concerns about rising U.S. crude inventories ahead of data overshadowed OPEC production cuts. U.S. crude stockpiles have... -
Petroleum-linked shares fell on lower oil prices, pressuring US stocks
Feb 23, 2017News Hour: Petroleum-linked shares fell on Wednesday on lower oil prices, pressuring US stocks, as the Federal Reserve minutes showed officials expect to hike interest rates “fairly soon.” The Dow Jones Industrial Average ended up 0.2... -
Oil prices rose about $1 on Friday
Feb 10, 2017News Hour: Oil prices rose about $1 on Friday after reports that OPEC members delivered more than 90 percent of the output cuts they pledged in a landmark deal that came into force in January. Supply... -
Oil prices held equity markets in their sway
Feb 9, 2017News Hour: Oil prices held equity markets in their sway on Wednesday, with stocks perking up as prices for crude rebounded despite data showing abundant US production. Increasing uncertainty about France’s political outlook and fears of... -
Crashing oil prices helped sending crude-producing US states into recession
Jan 25, 2017News Hour: Crashing oil prices in recent years have helped send crude-producing US states into recession, and they are unlikely to recover significantly even if prices recover, Standard & Poor’s said on Tuesday. The report came... -
Oil prices edged higher on Friday as output cuts by OPEC
Jan 6, 2017News Hour: Oil prices edged higher on Friday as output cuts by OPEC members met with lingering concern that other producers could try to shirk their share of planned decreases aimed at curbing global oversupply. Brent...
