Oil stable as strong Chinese demand eases concern of ongoing glut
Oil prices were stable on Thursday as strong demand from China eased concerns of an ongoing fuel glut. Brent crude…
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glut
Oil, dollar, energy shares and bond yields leap on OPEC deal
Oil prices and energy shares swept higher on Thursday after OPEC agreed to cut crude output to clear a glut, while…
Oil edges lower amid scepticism about output freeze
Oil prices inched lower on Wednesday as market participants remained skeptical that producers will reach an…
Oil prices fall on oversupply concerns despite output cuts
Oil prices eased on Tuesday as concerns over a crude and refined fuel glut outweighed an expected cut in U.S. shale…
Oil rises after big losses; glut concerns likely to persist
Crude prices rose on Thursday to recoup some of their big losses from the previous session, but gains are likely to…
Oil drops on IEA glut warning, rise in U.S. stocks
Oil fell on Wednesday as the International Energy Agency (IEA) warned that a global supply glut continued to weigh…
Oil prices stabilize after Brexit vote, but refined products glut looms
Oil prices stabilized on Monday as market participants better absorbed the shock of last week's vote in Great…
Obama, Australia’s Turnbull discuss global steel glut
U.S. President Barack Obama and Australian Prime Minister Malcolm Turnbull on Thursday discussed by telephone the…
Oil prices gain as supply disruptions outweigh brimming storage
Oil prices rose on Tuesday as supply disruptions in Canada and elsewhere that have taken some 2.5 million barrels…
Oil up, marking third week of gains as market sentiment improves
Oil prices rose on Friday and notched their third straight week of gains as market sentiment turned more upbeat…
Asian shares near five-and-a-half-month highs on oil rally
Asian shares reached a 5-1/2-month high on Thursday as oil prices rallied over 4 percent overnight thanks to a…
Oil glut up close: How Cushing copes with full crude tanks
From the air above this small Oklahoma town, the 300 steel oil storage tanks that dot the landscape appear filled…
Oil prices mixed as market ponders whether crude has bottomed out
Brent crude futures edged up on Monday after already making up ground last week as indicators mounted of the market…
Oil prices fall on U.S. storage glut, ongoing economic woes
Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a…
Oil prices drop, Brent to extend losing streak
Oil prices dipped on Tuesday, with Brent set to extend its losing streak to an eighth day, as investors remain…
OPEC decision to keep output high pulls oil prices close to 2015 lows
Crude prices fell on Monday in the first trading session after OPEC members failed to agree on output targets to…
U.S. oil plunges more than 2% on supply glut woes
Crude futures lost ground in early Asian trading on Monday, with U.S. oil plunging over 2 percent on festering…
Oil prices rise on reports of falling inventories, glut remains in place
Oil prices edged up on Wednesday following reports of falling stockpiles and rising refinery activity, but analysts…
Oil prices extend losses as glut worries persist
Oil prices fell on Tuesday, extending losses into a third week, on worries over a supply glut and with U.S.…
Oil prices nudge up on short-covering; glut, econ concerns persist
Oil prices rebounded on Tuesday as traders covered short positions after prices fell at least 3 percent in the…
Oil falls back below $49 as glut, China concerns weigh
Oil fell below $49 a barrel on Monday after its biggest two-day rally in six years last week, pressured by a supply…
Oil ends down more than 2 percent as U.S. drilling points to glut
U.S. oil prices traded below $40 a barrel for the first time since the 2009 financial crisis, ending 2 percent…