Tag: Brent Crude

US Stocks Post Best Week since November

US stocks ended mixed on Thursday, but still posted their strongest weekly gain since November amid a 9% rally in oil prices. The Dow Jones...

Oil Prices Stabilize following Bigger than Expected US Drawdown

Oil prices turned higher on Wednesday after government data showed a bigger than expected drawdown in US crude inventories, easing concerns about an escalating...

Oil Rout Continues, Brent Hits 11-Year Low

The price of oil continued to decline on Monday, with global benchmark Brent crude reaching levels not seen since 2004 amid growing concerns about...

Oil Prices Touch New 7-Year Lows, Further Downside Predicted

The rout in oil prices continued on Friday in belated response to additional buildup in US crude inventories, fueling concerns about a worsening global...

US Stocks Rise as Rate-hike Looms

US stocks rallied for a third consecutive day on Wednesday, as investors turned their attention to the final day of Federal Reserve meetings ahead...

European Stocks Rise for from 10-Week Low as Oil Prices Rebound

European stocks rose on Tuesday following five consecutive daily losses, as oil prices eased off recent lows ahead of the Federal Reserve’s policy meeting...

European Stocks Resume Downtrend as Oil Selloff Intensifies

European stocks resumed their decline on Monday, as energy producers fell for the eighth time in ten sessions amid plunging oil prices. Europe’s major averages...

European Stocks Decline, Oil Hits 7-Year on IEA Warning

The rout in European stocks continued on Friday after a warning by the International Energy Agency (IEA) about a worsening supply glut pushed oil...

US Dollar Rebounds, but Pressure Remains

The US dollar rebounded against a basket of currencies on Thursday, but remained under pressure amid growing selling interest, suggesting that investors are becoming...

Commodities Stabilize, Dollar Declines

Commodity prices stabilized on Wednesday, while the US dollar declined sharply in favour of the euro as investors refrained from using the common currency...

Oil Prices Hit 2009 Lows, Global Stocks Plunge

Oil prices plunged to new seven-year lows on Tuesday, dragging down global stocks in belated response to OPEC’s decision last week to keep crude...

European Stocks Surge, Oil Continues Lower

European stocks surged on Monday, following Wall Street’s lead after markets regained confidence that the European Central Bank would do more to boost the...

Asian Stocks Snap Back on China Data

Asian stocks rebounded following last week’s rout, as investors digested mixed China manufacturing data amid ongoing brokerage probes. Mainland China stocks posted modest gains on...

European Stocks Maintain Rally on Stimulus Hopes

European stocks advanced further on Thursday and were on track for three-month highs, as investors continued to price-in additional stimulus by the European Central Bank as...

US Dollar Index Hits 100.00

The US dollar strengthened against a basket of currencies on Wednesday, as stronger than expected economic data reinforced the view that the Federal Reserve...

European Stocks Turn Higher on Stimulus Bets

European stocks rebounded on Tuesday after geopolitical concerns left investors hopeful that the European Central Bank would introduce more stimulus next month. The pan-European STOXX...

Asian Stocks Rise on Prospect of China Stimulus

Asian stocks diverged Monday, but closed mostly higher after government data showed another deterioration in China’s terms of trade, raising the prospects of additional...

EUR/USD Back Below 1.100 ahead of Data Deluge

The EUR/USD turned lower on Tuesday, as the dollar regained its footing ahead of an active trading week headlined by nonfarm payrolls on Friday. The...