|Day's Range||1.8379 - 1.8842|
Oil demand growth in Asian emerging markets remains in focus as weaker local currencies and higher crude prices could weigh on countries’ purchasing and consuming power, Malaysia’s state-owned energy company Petronas cautioned this week.
U.S. crude oil stockpiles fell last week due to a surge in exports, as the country became a net exporter of crude oil and products for the first time, underscoring the nation's growing prowess as a global supplier of oil and refined products. Crude inventories fell 7.3 million barrels in the week to Nov. 30, the Energy Information Administration said on Thursday, compared with analysts' expectations for a decrease of 942,000 barrels. This was the first drop in U.S. crude stocks since September, and it came as exports surged to a record 3.2 million barrels per day (bpd).
Oil prices finish lower on Wednesday, giving back earlier gains as global traders awaited clarity on a possible, but far-from-assured, output cut by major producers gathering in Vienna.
Investing.com - Oil prices fell on Wednesday, amid signs of swelling U.S. inventories, though losses were limited as traders continued to weigh prospects of a coordinated production cut among major global oil producers ahead of this week's OPEC meeting.
___ Renewed jitters over trade send stocks, bond yields lower Stocks plunged Tuesday as the goodwill generated by a truce between the U.S. and China over trade evaporated over confusion about what the ...
Oil futures end Tuesday with a modest gain, after a strong start to the week on bullish optimism ahead of an OPEC meeting that is expected to result in a production cut.
Investing.com - Oil prices rallied for the second day in a row on Tuesday, as growing expectations that major producers, led by Saudi Arabia and Russia, will agree some form of production cut at a key meeting of OPEC ministers later this week boosted sentiment.
___ US-China trade truce sends US stocks solidly higher Stocks closed solidly higher on Wall Street after the U.S. and China agreed to a 90-day truce in their trade dispute. Technology stocks, automakers, ...
Oil prices soar Monday after Russian President Vladimir Putin said he and Saudi Crown Prince Mohammed Bin Salman agreed to extend output cuts on the sidelines of the weekend G-20 meeting.
Oil prices on Friday tally a drop of about 22% in November, the biggest monthly percentage loss in a decade, as traders fret over a possible glut in global supplies. Prices, however, significantly pare much of their early Friday losses as speculation grows over a potential production cut by major oil producers.
Investing.com - Oil prices tumbled again on Friday, turning negative for the week and chalking up their worst monthly decline since 2008 as Russia seemed to seesaw again by giving another sign that output reductions were not a priority.
Investing.com - Oil prices traded slightly lower on Friday, taking a pause after news that Russia would back an agreement with OPEC to reduce output sent prices more than 2% higher in the prior session, while investors turned their attention to the G20 summit in Argentina.
Crude inventories rose 3.6 million barrels in the week to Nov 23, compared with analyst expectations for a decrease of 430,000 barrels.
U.S. crude oil stockpiles rose for a 10th week in a row last week even as refineries boosted output and exports increased, the Energy Information Administration said on Wednesday. After falling to two-and-a-half-year lows in September, crude stocks have risen 14 percent with 10 straight weeks of increases. The U.S. stockpile now sits at 450 million barrels, most in a year, not including the U.S. Strategic Petroleum Reserve (SPR).
After a volatile trading session Tuesday, oil prices settle with a modest decline as concerns over a potential slowdown in energy demand and strength in the U.S. dollar outweigh support from expectations for an output cut at next week’s meeting of major oil producers.
Investing.com - Oil prices traded higher on Tuesday as traders turned their attention to weekly data on U.S. crude stockpiles and forecasts for the first decline in inventories in 10 weeks.
Oil settles higher Monday, with U.S. prices posting their biggest one-day rise in eight weeks—just after suffering their worst session percentage loss in three years. Talk of a meeting of Russian and Saudi oil members this week was driving speculation of an early agreement to cut production.
Retailers are offering much of their Black Friday deals online, but shoppers still showed up at malls and stores around the country looking for discounts — and to take in the scene. NEW YORK (AP) -- Retailers will once again offer big deals and early hours to lure shoppers into their stores for Black Friday.
U.S. oil on Friday registers the worst day in about three years, with the contract also notching a seventh straight weekly fall, as investors increasingly focus on supply worries ahead of an important OPEC gathering.
Investing.com - U.S. crude continued to decline on Thursday - hovering near 13-month lows in holiday-thinned trade due to Thanksgiving in the U.S. - as rising inventories stateside and worries of oversupply weighed on the commodity.
Shedding gains from Wednesday, crude prices resumed a downward move on the Thanksgiving Day holiday nearing lows seen earlier in the week.
Nissan Motor Co. says its chairman Carlos Ghosn has been arrested and will be dismissed for alleged under-reporting of his income and misuse of company funds. NEW YORK (AP) -- Big technology and internet companies again came under heavy selling pressure, leading to broad losses across the stock market. Amazon led a sharp drop among retailers as investors react to tensions between the US and China at a Pacific Rim conference.
___ Brexit, Italy, trade: Risks piling up for Europe's economy Europe's long-running economic rebound is facing a mid-life crisis as it copes with worries including a potential debt explosion in Italy, ...
Investing.com - Oil prices moved higher on Friday, recovering for a third straight session and paring a sharp weekly decline, as bullish hopes center on hopes for an OPEC-led production cut and investors awaited the latest reading on weekly oil rig activity in the U.S.
Getting President Donald Trump's tax returns is high on the list of Democratic priorities now that they have won the House. BEIJING (AP) -- China's government is trying to dispel stock market gloom and talk up prices with promises of tax cuts and a media campaign led by its economic czar. WASHINGTON (AP) -- In a setback for the Trump administration, a federal judge has blocked a permit for construction of the Keystone XL oil pipeline from Canada and ordered officials to conduct a new environmental review.