Oil tumbles as investors seek safety after UK vote for Brexit

2016-06-24 11:10

Oil has tumbled with most commodities amid a global flight from risky assets as the UK voted to leave the European Union.

Saudi Arabia declares cease-fire in oil war: Leonid Bershidsky

2016-06-23 15:09

The new Saudi oil minister, Khalid Al-Falih, says the oil glut is over. That means the kingdom's war against US shale producers is coming to an end, too.

Oil edges up on weaker dollar as Britain EU vote looms

2016-06-22 07:24

Oil has climbed in Asia, after Fed boss Janet Yellen's cautious remarks on the US economy weakened the dollar and as traders nervously await the Brexit vote.

Oil market dips

2016-06-21 14:12

Oil prices have hit reverse, snapping two days of gains as dealers await this week's US crude inventories data and Britain's critical in-out EU membership referendum.

Oil prices dip ahead of British EU vote, US stockpiles

2016-06-21 07:23

Oil prices fell in Asia Tuesday, snapping two days of gains, ahead of a report on US crude inventories and the British referendum on whether to stay in the European Union.

Oil advances for 2nd day above $48 as Dollar extends decline

2016-06-20 07:55

Oil gained for a second day above $48 a barrel as the dollar retreated, boosting the appeal of commodities priced in the US currency.

Nobody wants to wear crown that makes Opec richer

2016-06-17 11:17

For decades the US has held the undisputed rights to the crown that nobody wants: The world’s biggest oil importer.

Oil dips in Asia on US supplies, Fed comments

2016-06-16 09:07

Oil prices have sunk for a sixth session in Asia, tracking a sell-off across equities with an expected pick-up in output adding to worries about the global economy.

Oil industry to cut $1trn in spending after price slump

2016-06-15 12:45

The oil and gas industry will cut $1trn from planned spending on exploration and development because of the slump in prices, leading to slower growth in production.

Oil prices drop further

2016-06-14 15:22

Crude futures have fallen for a fourth session running, mirroring further falls for equities, while the International Energy Agency says a supply glut would cap gains.


Oil plunges more than 6% as UK votes to leave EU

2016-06-24 06:52

World oil prices have plunged more than 6.% in Asia after early results of a historic vote showed Britain increasingly moving towards bolting out of the European Union.

Oil prices rise ahead of Brexit vote

2016-06-23 07:27

Oil prices have risen in Asia, hours ahead of a high-stakes British vote on whether to remain in the European Union.

AG to probe R5bn 'secret’ oil deal

2016-06-21 21:30

The Auditor General will be investigating the allegedly unlawful sale of 10 million barrels of crude oil fuel stocks involving Minister of Energy Joemat-Pettersson.

Oil halts gain near $49 ahead of US stockpile data, Brexit vote

2016-06-21 12:56

Oil has halted gains near $49 a barrel as markets awaited weekly US stockpile data, while the UK referendum on membership of the EU remained too close to call.

Oil jumps on easing Brexit fears, weaker dollar

2016-06-20 15:20

Oil prices have jumped further in volatile markets thanks to a weaker US dollar and easing expectations that Britain would vote to exit the European Union.

Oil rebounds on easing Brexit fears, weaker dollar

2016-06-19 10:48

Oil prices have rebounded from six straight sessions in the red, benefitting from easing fears of a potential decision by Britain to exit the European Union.

Oil prices bounce after six days of losses

2016-06-17 06:31

Oil prices have rebounded after a six-session sell-off with the dollar softening against most other currencies on easing concerns over Britain's EU future.

Oil prices drop before US data, Fed

2016-06-15 15:37

Oil prices have fallen as market focus turned to energy inventory data due out of the United States, as well as the Fed's latest meeting.

Oil prices drop further on supply, Britain EU exit fears

2016-06-15 07:32

Oil prices have tumbled again amid concern over the UK possibly leaving the EU while a surprise jump in US stockpiles followed a warning of a global oversupply.

IEA cuts estimate of oil oversupply

2016-06-14 11:29

The global oil market will be almost balanced next year as demand continues to rise faster than output, while the current oversupply is smaller than previously thought.

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