oil slumps

 
 

Oil slumps to lowest in a year as stock markets sink

LONDON, Dec 20 — Oil prices fell more than 4 per cent today, hitting their lowest in more than a year on worries about oversupply and the outlook for energy demand as a US interest rate rise knocked stock markets. Equities dropped worldwide after…


Oil slumps 3pc, near lowest in a year as stock markets sink

LONDON, Dec 20 — Oil prices fell about 3 per cent today, heading back towards their lowest levels for more than a year on worries about oversupply and the outlook for energy demand as stock markets tumbled following a US interest rate rise. Stock…


Oil slumps 7pc to one-year low as rout extends to 12 days

NEW YORK, Nov 14 — Oil's slide accelerated yesterday, with US futures suffering their steepest one-day loss in more than three years due to ongoing worries about weakening global demand and oversupply. US futures closed down 7.1 per cent, for a…


Global stocks rebound from big selloff as oil slumps

LONDON, Nov 13 — Global stock markets rebounded today from the previous day’s selloff, with Wall Street boosted by earnings optimism and Europe holding up despite headwinds from Brexit talks and Italy’s budget. London, however, underperformed…


Oil slumps below US$65 as Opec clash looms, trade war escalates

TOKYO, June 18 — Oil fell below US$65 (RM259.87) a barrel as Saudi Arabia and Russia prepared for a clash with allied crude producers over whether to lift output and as China and the US exchanged trade threats. Futures in New York dropped as much…


US crude oil slumps below US$50 after stocks build

US crude oil slumps below US$50 after stocks build

LONDON (March 9): Oil prices fell on Thursday, extending the biggest falls this year as record US crude inventories kept sentiment weak, pointing to a global glut despite OPEC-led supply cuts.

Crude oil stocks in the United States, the world’s top oil consumer, surged last week to 528.4 million barrels, an all-time high and up 8.2 million barrels in a week, well above forecasts of a 2 million barrel build.

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Most SE Asian stocks fall as oil slumps, Thai shares edge up

Most SE Asian stocks fall as oil slumps, Thai shares edge up

(Feb 8): Most Southeast Asian stock markets traded lower on Wednesday on a sharp drop in oil prices, while Thai shares edged up ahead of a central bank meeting on interest rates.

Asian shares also fell from four-month highs as investor confidence was hurt by ongoing political and economic uncertainty in the United States and Europe.

“The yen recovered and bounced back while crude oil continued to weaken and regional equities took their cue from those two movements of the commodities,” said Manny Cruz, chief strategist at Asiasec Equities Inc.

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Oil slumps as prospect of Trump victory roils global markets

NEW YORK, Nov 9 — Oil slumped as initial results indicating Republican Donald Trump may prevail over Hillary Clinton in the race for the US presidency threw global markets into turmoil. Futures tumbled as much as 4.3 per cent in New York to… Source: The Malay Mail Online


Emerging currencies decline on Fed outlook after oil slumps

JAKARTA/SINGAPORE (July 26): Most emerging-market currencies fell against the dollar before policy decisions from the U.S. and Japanese central banks this week and as a slump in oil damped demand for higher-yielding assets.Categories: Latest News Source: The Edge Tags: central bank, oil slumps, singapore


Oil bust hits big US banks but pain looks manageable

NEW YORK: Earnings from large US banks in the first quarter revealed more oil-bust pain, with banks raising reserves for additional bad energy loans and for defaults from related industries, like shipping. Yet even as giants like JPMorgan Chase and Citigroup revealed a rising tally of costs, investors shrugged off the news, bidding up shares of banks as the financial behemoths reported lower earnings over the last week that still were better than feared. The oil rout constitutes “the biggest test of credit quality since 2008,” said Erik Oja, aRead More