Oil slides as traders await evidence on OPEC cuts

42 minutes ago

Oil has declined in New York as traders awaited further proof that production cuts by OPEC and its allies, which were extended at a meeting, are having an effect.

Opec wins hedge funds back with jump in oil bets before deal

2017-05-29 07:36

Hedge funds are giving the Organisation of Petroleum Exporting Countries some credit again.

Oil resumes gain toward $52 before OPEC meet

2017-05-25 09:13

Oil has climbed to a five-week high, nearing $52 a barrel before OPEC ministers meet in Vienna to decide on extending supply cuts.

Oil near one-month high as investors await OPEC outcome

2017-05-24 15:11

Oil has held near the highest price in more than a month as industry data showed US crude stockpiles declined before OPEC meets to decide on extending supply curbs.

Iron and metals slump as Moody's puts China's debt in spotlight

2017-05-24 09:26

Iron ore has led a slump in commodities after Moody’s Investor Service downgraded China’s credit rating, highlighting the challenge in maintaining growth while controlling debt.

Oil halts advance after four-day gain

2017-05-23 09:59

Oil has halted its advance after a four-day gain before OPEC meets to decide on prolonging output cuts by the group and its partners.

Oil extends gain toward $51

2017-05-22 13:12

Oil has extended gains toward $51 a barrel as Saudi Arabia said all producers participating in output cuts agree on prolonging the deal.

Trump woes seen as double-edged sword for gold if inflation ebbs

2017-05-22 08:01

For gold, the biggest crisis of Donald Trump’s presidency could cut both ways - prices may continue to rise but they could also drop if the turmoil dampens inflation risks.

Oil rises above $50 as OPEC members seen backing cuts

2017-05-19 15:01

Oil has risen above $50 a barrel in New York for the first time in three weeks on the expectation that OPEC will reaffirm efforts to drain a global glut.

Oil struck in Trump as flight from risk dumps Opec optimism

2017-05-18 07:50

Oil is getting ensnared in the turmoil surrounding Donald Trump just when signs are emerging that Opec’s output curbs may be taking effect.


Oil drifts below $50 as pessimism over Opec deal lingers

2017-05-29 09:05

Oil has drifted lower, trading below $50 a barrel and extending a drop after Opec underwhelmed investors with its production-cut extension deal.

Oil holds biggest loss in 3 weeks

2017-05-26 11:25

Oil has held its biggest loss in three weeks as OPEC’s move to prolong supply cuts for nine months disappointed investors hoping for more.

Opec oil squeeze to remain, but will it lift prices?

2017-05-25 07:33

Oil producers within and outside Opec are expected to extend a deal cutting output aimed at lifting the price of crude, but US rivals could spoil the party.

Oil holds gain as data show US supplies fall

2017-05-24 11:44

Oil has risen a sixth consecutive day as industry data showed US crude stockpiles declined before OPEC meets to decide on extending supply curbs.

Opec fails to cut global oil glut, but gets more cash anyway

2017-05-24 08:02

At first glance, Opec's cuts haven’t worked, global oil inventories remain well above normal levels. But the policy’s made a difference where it really counts.

Oil producers to extend output curbs at Opec meeting

2017-05-23 07:28

Oil producers inside and outside the Opec cartel have little choice but to extend their deal from late 2016 curbing output when they meet in Vienna, analysts say.

Iron ore stockpiles hit record in China

2017-05-22 09:07

The record heap of iron ore on China’s doorstep has just gotten even bigger, with the increase in holdings so far this year eclipsing the build up seen over all of 2016.

Oil extends gain toward $51 as Saudis see output curbs into 2018

2017-05-22 07:30

Oil has extended gains toward $51 a barrel as Saudi Arabia said all producers participating in output cuts agree on prolonging the deal through the first quarter of 2018.

Opec seen extending oil curbs to ease glut

2017-05-19 07:48

Opec will extend an accord that trims production, even as surging US output threatens the group’s goal of draining excess supply, according to a Bloomberg survey.

Oil gains before US supply data as producers back longer cuts

2017-05-17 13:50

Oil has risen in New York before the release of US government data on oil inventories as more producers backed the extension of supply cuts to balance the market.

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