oil market

 
 

Oil prices fall as rally falters on growing US output concerns

HOUSTON, Jan 20 — Oil prices ended down yesterday and broke a four-week winning streak after a rally that had taken benchmarks to three-year highs, as investors sold positions on re-emerging US production concerns. Brent crude futures fell 70…


IEA sees oil markets tightening as Venezuelan output collapses

LONDON, Jan 19 — Global oil markets are tightening quickly on falling supply from Venezuela, which posted 2017’s biggest unplanned output fall and could see a further decline in 2018, the International Energy Agency (IEA) said today. Debt…


Oil kings threatened by rivals rethink age-old pricing habit

SINGAPORE, Jan 19 — Uneasy lies the head that wears a crown in the world’s biggest oil market. Middle East producers who for decades reigned as the undisputed leaders of oil sales to Asia are sensing a threat to their dominance, which is…


Oil rally stumbles on fears hedge fund buying spree went too ar

NEW YORK, Jan 17 — Oil reversed course as a record crude-buying spree by hedge funds spurred concern that prices may be due for a correction after hitting three-year highs. Futures in New York slipped 0.9 per cent yesterday, ending a five-day…


Philippine, Thai shares set fresh records, Vietnam falls

SINGAPORE, Jan 16 — Philippine and Thai shares climbed to all-time highs today, while most other South-east Asian stock markets trod water in line with broader Asia as caution set in after the previous session’s record-setting gains. The…


Oil propels past US$70 as Iraq calls for sticking to Opec cuts

LONDON, Jan 16 — Oil reached new highs in London as Opec members called for output curbs to continue, allaying concerns that the recent rally could weaken their commitment. Brent crude closed above US$70 (RM277.86) a barrel for the first time…


Oil dips away from 2014 highs on rising US rig count

oil pipe

Brent crude futures, the international benchmark for oil prices, were at $69.72 per barrel at 0008 GMT, down 15 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $64.27 a barrel, down 3 cents. SINGAPORE: Oil prices dipped on Monday as rising drilling activity in the United States pointed to higher future output, although output cuts led by OPEC and Russia as well as healthy demand kept crude near December 2014 highs reached last week. Brent crude futures, the international benchmark forRead More


Oil dips away from 2014 highs on rising US rig count, but analysts say market supported

SINGAPORE, Jan 15 — Oil prices dipped today as rising drilling activity in the United States pointed to higher future output, although output cuts led by Opec and Russia as well as healthy demand kept crude near December 2014 highs reached last…


FBM KLCI up as ringgit strengthens after oil tops US$70

KUALA LUMPUR (Jan 12): The FBM KLCI closed 5.79 points or 0.3% higher as the ringgit strengthened after crude oil prices topped US$70 a barrel. At…


Oil crosses US$70 threshold in London as worldwide glut dwindles

LONDON, Jan 12 — Oil briefly topped US$70 (RM280) a barrel in London for the first time in three years, as crude markets continued an almost unblemished run of gains for 2018. The surge waned towards the end of the session, with the global…