ReutersOil prices slip as short-covering rally fizzlesReutersLONDON Oil prices dipped on Friday, ending a two-day rally, as a glut of crude and refined products weighed on markets and investors eyed a possible stutter in China's imports. U.S. West Texa …
ReutersOil down 3 percent on worry over OPEC output, US rig countReutersProduction in July by the Organization of the Petroleum Exporting Countries likely rose to its highest in recent history, a Reuters survey found on Friday, as Iraq pumped more and Nige …
ReutersOil hits 3-month lows below $43 as oversupply weighsReutersOil markets have been dogged by oversupply for the last two years and fell by as much as 70 percent between 2014 and early 2016, when Brent hit the lowest in more than a decade at around $27 …
ReutersOil holds near three-month lows as oversupply weighsReutersOil markets have been dogged by oversupply for the last two years and fell by as much as 70 percent between 2014 and early 2016, when Brent hit the lowest in more than a decade at around $27 …
ReutersOil falls close to three-month low as oversupply weighsReutersLONDON Oil prices fell close to three-month lows on Wednesday after U.S. industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent overs …
Serious Concerns Over Oil Demand Could Trigger Another Market SlumpHellenic Shipping News WorldwideTowards the middle of the current trading year, a glut ridden oil market had started showing some signs of rebalancing. Decline in US oil production was bein …
ReutersOil falls towards $44, lowest since May, on glut worriesReutersBrent crude is still up more than 60 percent from a 12-year low near $27 in January, but the rally has petered out on signs that the supply glut will persist and as economic jitters rais …
ReutersOil prices fall 2 percent on oversupply, demand concernsReutersThe threat of resurgent U.S. oil production with the rise of drilling rigs and a strong dollar added to the gloomy sentiment in the market, traders and brokers said. [USD/] [RIG/U]. Bren …
ReutersOil prices slide on oversupply, economic headwindsReutersLONDON Oil prices fell on Monday, holding near two-month lows amid worries that a global glut of crude and refined products would weigh on markets for some time. Brent crude futures were tradi …
ReutersOil prices dip on ongoing oversupply, economic headwindsReuters"As a result, crude oil demand from refineries is underperforming product demand by a wide margin," the U.S. bank said, adding that growing economic risks added to downside ris …