us crude inventories

 
 

Oil little changed after record crude draw at US hub

NEW YORK, Jan 19 — Oil was little changed yesterday, as prices eased early in the session, but were supported by a record drawdown of US crude stockpiles at the Cushing, Oklahoma delivery hub. The market remains wary that Opec-led output cuts…


SE Asia Stocks: Indonesia, Thailand set fresh records

BANGKOK, Jan 18 — Thai and Indonesian stocks scaled all-time peaks this morning and Singapore notched up a 10-year top as gains on Wall Street lifted broader Asian shares. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2…


Oil rises ahead of US weekly inventory figures

TOKYO, Jan 18 — Oil prices ended higher yesterday ahead of the release of US government data that was expected to show a ninth straight weekly drawdown in crude inventories. Brent futures settled 23 cents higher at US$69.38 (RM274.71) a barrel…


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…


US oil hits highest since 2014, worries grow of overheated market

LONDON, January 10 — US oil prices hit their highest since 2014 today as Opec-led production cuts and healthy demand helped to balance the market, but analysts warned of possible overheating. A broad, global market rally, including stocks, has…


Treasury yields hit 10-month high; world stocks extend 2018 rally

NEW YORK, Jan 10 — Benchmark US Treasury yields hit a 10-month high yesterday after the Bank of Japan tweaked its bond-buying program, while stocks in world indexes continued their flying start to the year. US oil touched its highest since…


Asian markets build on blistering start to year

HONG KONG: Asian markets mostly rose yesterday, with Hong Kong marking 11 straight wins and Tokyo at a 26-year high, as investors press on with a global rally that has the region enjoy its best start since 2006. Wall Street provided yet another record lead as eyes turn to the beginning of the corporate earnings […]


Oil falls as UK North Sea oil pipeline moves closer to restart

LONDON, Dec 21 — Oil prices fell today after the operator of Britain’s Forties pipeline in the North Sea said it was expected to restart in early January after repairs over Christmas. Forties is the largest of the five North Sea crudes that…


Asian shares slip as investors await US tax reforms, dollar steadies (VIDEO)

TOKYO, Dec 20 — Asian shares fell this morning, taking their cues from Wall Street with investor enthusiasm toward US tax changes ebbing as the long-awaited reform bill wound its way through Congress, while higher US Treasury yields underpinned…


Oil edges up on North Sea pipeline outage, expectation of lower US crude stocks

SINGAPORE, Dec 20 — Oil prices inched up this morning, supported by expectations of a fall in US crude inventories and by the ongoing outage of the North Sea Forties pipeline system. US West Texas Intermediate (WTI) crude futures were at…