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Gulf Independent - US-crude
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Oil hits 2016 peaks again as weak dollar trumps global glut ECONOMY

Oil hits 2016 peaks again as weak dollar trumps global glut

Oil markets steadied on Thursday after scaling 2016 highs for a third day in a row on the back of a weak dollar as investors looked beyond record high US crude inventories and relentless pumping by major producers.

4:45 AM November 25 2016
Crude futures fall after Kuwaiti oil workers end strike ECONOMY

Crude futures fall after Kuwaiti oil workers end strike

Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut the nation's crude output by around half, with worries about an oversupplied market returning to the fore.

4:45 AM November 25 2016
Oil prices rise as Kuwait oil strike diminishes supply ECONOMY

Oil prices rise as Kuwait oil strike diminishes supply

Oil prices rose on Tuesday as a strike in Kuwait cut huge amounts of crude out of the supply chain, but analysts said the disruption would be short-lived and that markets would soon refocus on a global supply glut.

4:45 AM November 25 2016
Oil prices tumble after Saudi-Iran tensions sink output deal ECONOMY

Oil prices tumble after Saudi-Iran tensions sink output deal

Oil prices tumbled on Monday after a meeting by major exporters in Qatar collapsed without an agreement to freeze output, leaving the credibility of the OPEC producer cartel in tatters and the world awash with unwanted fuel.

4:45 AM November 25 2016
Oil price dips on prospects for producers' meeting ECONOMY

Oil price dips on prospects for producers' meeting

Oil prices slipped on Monday over worries that the result of next Sunday's meeting of producers in Qatar aimed at freezing current output levels would fail to improve the current supply-demand balance.

4:45 AM November 25 2016
Oil prices fall on stronger dollar, further oversupply worries ECONOMY

Oil prices fall on stronger dollar, further oversupply worries

Oil futures fell in Asian trade as oversupply, a strengthening dollar and falls in regional stock markets all weighed on sentiment. But another fall in US oil output in January helped to limit the losses.

4:45 AM November 25 2016
Oil prices rebound on less than expected build in stocks ECONOMY

Oil prices rebound on less than expected build in stocks

Oil futures rebounded in Asian trade on Wednesday, buoyed by a less than expected build in crude oil stockpiles last week and a weakening dollar, but concern that a two-month rally was fading in an oversupplied market capped gains.

4:45 AM November 25 2016
Oil prices up slightly in thin holiday trading ECONOMY

Oil prices up slightly in thin holiday trading

Oil prices climbed in thin Easter holiday trading on Monday, adding to gains in recent weeks as optimism holds that a production freeze among major producers may be implemented.

4:45 AM November 25 2016
Oil back below $40 as Iran dashes hopes for quick deal on output ECONOMY

Oil back below $40 as Iran dashes hopes for quick deal on output

Oil fell around 3% after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment over a supply glut that has sent prices crashing.

4:45 AM November 25 2016
Oil prices slip off multi-month highs ECONOMY

Oil prices slip off multi-month highs

Oil prices fell on Thursday, after hitting three-month highs this week, with analysts warning that larger gains would be unwarranted as refineries enter seasonal maintenance and a global glut weighs.

4:45 AM November 25 2016
Oil prices edge up on falling US output but demand worries weigh ECONOMY

Oil prices edge up on falling US output but demand worries weigh

Oil prices were only slightly higher on Wednesday as support from falling US production was countered by a strengthening US dollar and concerns over slowing demand.

4:45 AM November 25 2016
Oil hits 2016 high above $40; glut warnings resurface ECONOMY

Oil hits 2016 high above $40; glut warnings resurface

Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as producers sought a new anchor price for oil after a selloff that has lasted nearly two years, although some analysts warned the global glut is still big.

4:45 AM November 25 2016