oil surges


Oil surges amid Opec caution to offset Iran sanctions

NEW YORK, April 24 — Oil prices hit their highest in about six months yesterday as sources said Gulf Opec members were ready to raise output only if there was demand before offsetting any shortfall following a US decision to end waivers for buyers…

Global shares mixed as trade worries loom; oil surges

NEW YORK, Dec 8 — Concerns over China-US trade tensions gave European shares their worst week of losses in two months and sank US stocks yesterday, overshadowing the lift from higher oil prices and jobs data. While Europe was higher on the day…

Oil surges on Venezuela woes and Iran worries

LONDON, May 7 — Oil prices rose to their highest levels since late-2014 today, boosted by fresh troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran. Brent crude oil futures…

Resource stocks in Asia rally as oil surges, bonds suffer

SYDNEY, April 19 — Resource stocks were on a roll in Asia today as oil prices hit heights not seen since late 2014, though the potential boost to inflation globally also pressured fixed-income assets. Brent crude futures climbed another 34…

Oil surges more than 3pc as trade war fears recede

NEW YORK, April 11 — Oil prices surged more than 3 per cent yesterday as investors grew more confident the United States and China would resolve their trade dispute without damaging the global economy, while Middle East tensions and a weak US…

Oil surges to over two-year peak; Wall St climbs to record highs

NEW YORK, Nov 7 — Oil prices surged to their highest since July 2015 yesterday as Saudi Arabia’s crown prince cemented his power with a crackdown on corruption, while shares worldwide were little changed and key currencies stayed in tight…

Crude Palm Oil Weekly Update – 26 August 2017

Malaysian palm oil futures reversed last week losses and rose, surging to five month high, on expectations that production growth will be slower than previously forecast and tracking soyoil surges on Chicago Board of Trade (CBOT). The benchmark crude palm oil futures (FCPO) contract rise 2.57 per cent to RM2,751 on Friday, which is RM69 […]

Oil surges 2.5%, soothes cyber nerves

Oil surges 2

LONDON (May 15): A bounce in oil and other commodities prodded stock markets higher on Monday, cushioning the hit to sentiment from a successful missile…

Futures kick off new year on a high as oil surges

Futures kick off new year on a high as oil surges

(Jan 3): A jump in oil prices and upbeat data from China lifted US stock index futures on the first trading day of the new year, with Dow futures advancing by triple-digit points.

After coming within a hair’s breadth of the historical 20,000 mark in December as part of a post-election rally, the Dow is likely to make a fresh attempt at breaching the milestone on Tuesday.

The index rose 13.4% in 2016, its best performance in three years.


Source: The Edge Markets

Oil surges to 1 1/2-year high, Fed rate increase looms

Oil surges to 1 1/2-year high, Fed rate increase looms

LONDON/HONG KONG (Dec 12): Oil prices surged to their highest since mid 2015 and U.S. Treasury yields hit a more than two-year peak on Monday after the world’s top crude producers agreed to cut output.

Coming at the start of a week when the United States is expected to raise interest rates for the only the second time since the global financial crisis, the weekend agreement between Organisation of Petroleum Exporting Countries and key non-OPEC states set the markets alive.


Source: The Edge Markets