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Gulf Independent - Oil-price
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Oil edges up higher in volatile trading ECONOMY

Oil edges up higher in volatile trading

Oil prices edged higher in volatile trading as the market weighed Russia's comments about a possible meeting with Saudi Arabia on possible output cuts against a bigger-than-expected US crude storage build.

4:45 AM November 25 2016
Oil falls to three-month lows as gloom grows over OPEC ECONOMY

Oil falls to three-month lows as gloom grows over OPEC

Oil fell more than 2 percent to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances OPEC will reach a deal to cut output.

4:45 AM November 25 2016
Oil up over $50, US inventory drop balances OPEC doubts ECONOMY

Oil up over $50, US inventory drop balances OPEC doubts

Oil edged above $50 a barrel on Thursday as a further drop in US crude inventories countered investor doubts that OPEC will be able to implement a production cut.

4:45 AM November 25 2016
$40 oil price not sustainable: UAE energy minister ECONOMY

$40 oil price not sustainable: UAE energy minister

The United Arab Emirates' energy minister said on Wednesday that OPEC members were committed to working with other oil producers to balance the oil market and there is a realisation that an oil price of $40 is not sustainable and needs to rise.

4:45 AM November 25 2016
Oil surges above $50 for the first time since June ECONOMY

Oil surges above $50 for the first time since June

US oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above that level in a sign that financial markets have increasing confidence in the sector.

4:45 AM November 25 2016
Russia, Saudi say agree joint action to stabilise oil price INTERNATIONAL

Russia, Saudi say agree joint action to stabilise oil price

The world's two biggest oil producers Saudi Arabia and Russia said Monday they had agreed to ‘act together’ to stabilise oil prices as they seek to steady the markets.

4:45 AM November 25 2016
Oil prices dip on stronger dollar, Iran output fear ECONOMY

Oil prices dip on stronger dollar, Iran output fear

Oil prices extended losses in Asia Wednesday on the back of a strong dollar while reported comments by Iran's oil minister that his country planned to boost output ramped up oversupply worries.

4:45 AM November 25 2016
Oil prices rise on US weather disruption, OPEC action speculation ECONOMY

Oil prices rise on US weather disruption, OPEC action speculation

Oil futures rose on Tuesday supported by production suspensions in the USGulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices.

4:45 AM November 25 2016
Oil falls towards $49 on high output, strong dollar ECONOMY

Oil falls towards $49 on high output, strong dollar

Oil fell towards $49 a barrel on Monday, pressured by high output from Middle East OPEC members and as a stronger US dollar weighed on commodities.

4:45 AM November 25 2016
Fed rate hike expectations have dampening effect on QSE ECONOMY

Fed rate hike expectations have dampening effect on QSE

Expectations on a rate hike by the US Federal Reserve and slow expansion in the domestic economy had their dampening effects on the Qatar Stock Exchange (QSE), which lost 185 points during the week.

4:45 AM November 25 2016
Oil prices down as Turkey fears ease, glut woes return ECONOMY

Oil prices down as Turkey fears ease, glut woes return

Oil prices extended their decline in Asia Tuesday as the global glut returned to focus, while worries about the effects of Turkey's coup on shipments also eased.

4:45 AM November 25 2016
Oil hits fresh 2016 highs as US crude stocks fall ECONOMY

Oil hits fresh 2016 highs as US crude stocks fall

Oil prices edged up to fresh 2016 highs on Thursday, buoyed by a fall in US crude inventories, a weaker dollar and strong demand, although some analysts warned that the recent rally was starting to look overblown.

4:45 AM November 25 2016