Tag: oil prices
Oil Retreats as Saudi Arabia Delivers Largest Budget Deficit in History
Oil prices declined sharply on Monday, pulling back from last week’s rally as OPEC kingpin Saudi Arabia delivered its largest budget deficit in history.
Collapsing...
Global Markets Little Changed in Holiday-Shortened Session
European stocks ended flat on Thursday, while US markets traded choppy in a holiday-shortened session before Christmas.
The pan-European STOXX 600 Index was little changed...
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...
Dollar Weakens following Revised GDP
The US dollar traded lower on Tuesday after government economists trimmed their third quarter estimate for US GDP growth, putting the world’s largest economy...
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...
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...
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...
ECB Stimulus Bets Lift Stocks, Weigh on Euro
European stocks were trading at three-month highs on Monday, while the euro weakened against the dollar as investors prepared for the European Central Bank (ECB)...
European Stocks Decline amid Syria Tensions
European stocks declined sharply on Tuesday after Turkish fighter jets shot down a Russian warplane in Syria, leaving investors fretting about escalating geopolitical risks.
All...
European Stocks Edge Higher on ECB Stimulus Hopes
European stocks advanced on Friday in a choppy day of trade, as investors remained hopeful that the European Central Bank (ECB) would expand its stimulus...
Oil Prices Fall as Chinese GDP Weakens
Oil prices declined Monday after government data showed another slowdown in China’s official growth rate, raising fresh fears about waning global demand.
China’s gross domestic...
Oil Rally Comes to an Abrupt End
Oil prices were back on the defensive Thursday after weak Japanese trade figures dimmed the global growth outlook despite a bigger than expected drawdown...
“Black Monday”: Oil Prices Plummet amid Massive Sell-Off in Chinese Equities
Oil prices plunged on Monday to their lowest level in more than six years after a broad equities sell-off in China fuelled fresh concerns...
US Dollar Aims Higher as Nonfarm Payrolls Eclipse 200,000
The US dollar gained momentum on Friday, as another solid month of job creation gave the Federal Reserve the necessary scope it needs to...
Oil Prices Steady amid Biggest Rally of 2015
The price of oil was steady on Tuesday amid its biggest rally of the year, as investors shifted their attention to first quarter earnings...
US Dollar Index Resumes Descent
The US dollar was back on its heels on Thursday, declining against a basket of trade-weighted peers following disappointing housing data.
The US dollar index,...