Oil resumes rise after brief pause
Oil prices rose on Monday, extending recent gains, building on three weeks of higher prices and reversing earlier losses from traders taking profits. Front-month Brent crude LCOc1 was trading at $45.45 per barrel at 1302 GMT (8:02 a.m. ET), up 34 cents from its last settlement. U.S. West Texas Intermediate (WTI) futures CLc1 were up […]
Oil producers to discuss output freeze at June OPEC meeting: Saudi advisor
Oil-producing nations will discuss an oil output freeze at OPEC’s meeting in June, a senior Saudi oil advisor said on Thursday, keeping open the prospect of action to boost prices despite the collapse of talks on a deal in Doha. The deal, in the making since February, had helped oil prices to rise from a […]
Oil falls as traders cash in after three weeks of gains
Oil prices slipped on Monday as traders took profits after three weeks of gains and as a jump in the dollar late last week was priced into fuel markets. Front-month Brent crude was trading at $44.60 per barrel at 0934 GMT, down 51 cents from its last settlement. U.S. West Texas Intermediate (WTI) futures were […]
Emerging-market stocks, currencies decline on oil as Fed looms
Emerging market stocks and currencies fell as a retreat in oil and speculation the Federal Reserve will signal it still intends to raise interest rates this year damped demand for higher-yielding assets. Chinese stocks extended last week’s decline after commodity exchanges in the nation moved to cool trading in raw materials. The yuan weakened for […]
