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…
Browsing Tag
glut
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…
