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Gulf Independent - Brent
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Oil prices fall as US rigs rise; uncertainty over freeze lingers ECONOMY

Oil prices fall as US rigs rise; uncertainty over freeze lingers

Oil prices slid for a second day, under pressure from signs that some of the nimbler US producers increased drilling and from uncertainty surrounding a meeting of the world's major exporters to discuss freezing output.

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 dips in volatile trade on producer output freeze views ECONOMY

Oil dips in volatile trade on producer output freeze views

Oil prices edged lower in volatile trading after Kuwait said it would agree to an output freeze only if all major producers took part and Goldman Sachs analysts poured cold water on prospects for a sustained rally.

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
Oil prices rebound, US crude back above $30 ECONOMY

Oil prices rebound, US crude back above $30

Oil prices recovered on Monday after sharp falls the previous session, with US crude back above $30 a barrel as traders mulled the impact of a potential output freeze by key producers.

4:45 AM November 25 2016
Oil prices fall on oversupply concerns ECONOMY

Oil prices fall on oversupply concerns

Oil futures fell in Asian trade as a record build in US crude stocks stoked concerns about global oversupply, outweighing moves by oil producers including Saudi Arabia and Russia to cap oil output.

4:45 AM November 25 2016
Oil prices rise further on output hopes ECONOMY

Oil prices rise further on output hopes

Oil prices rose further on Thursday, building on a rally triggered by an agreement between Saudi Arabia and Russia to freeze output levels.

4:45 AM November 25 2016
Oil down 3% as optimism over Saudi, Russia deal cools ECONOMY

Oil down 3% as optimism over Saudi, Russia deal cools

Brent oil fell 3% on Tuesday, erasing early gains after top producers Russia and Saudi Arabia dashed expectations of an outright supply cut by agreeing only to freeze output if other big exporters joined them.

4:45 AM November 25 2016
Oil dips on strong dollar, weak Chinese trade data ECONOMY

Oil dips on strong dollar, weak Chinese trade data

Oil prices dipped on Monday on a firmer dollar and weaker-than-expected Chinese trade data that fuelled concerns about demand in the world's biggest energy consumer.

4:45 AM November 25 2016
Oil prices fall on US storage glut, ongoing economic woes ECONOMY

Oil prices fall on US storage glut, ongoing economic woes

Oil prices slid as record US crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices would remain low and volatile.

4:45 AM November 25 2016
Brent 'likely to average $65 in 2017 as market may rebalance' ECONOMY

Brent 'likely to average $65 in 2017 as market may rebalance'

Brent crude is likely to average $65 a barrel in 2017 as the current prices are “far too low to spur” necessary investment, resulting in the “market rebalancing” eventually, a new study shows.

4:45 AM November 25 2016