Oil prices climbed over 2 per cent on Thursday as investors grew more confident the US and China will resolve the months-long trade dispute that has hampered the global economy. Baytex photo. Oil prices up [Read more] [Read more]
Concerns about slowing global economic growth are outweighing OPEC+ supply cuts, prompting hedge funds to cut bullish positions in Brent crude futures during the final week in December. Anadarko photo. Hedge funds cut positions in [Read more] [Read more]
Oil prices rose on Friday as trade talks continued between the US and China, easing some investors concerns about a global economic slowdown. However, gains were capped on data showing a rise in US refined [Read more] [Read more]
There are signs that the dollar’s rise may be coming to an end as trade tensions with China weigh and pressure to raise rates dissipates, lifting prospects for oil prices to recover. BP photo. Oil [Read more] [Read more]
Energy commodity prices fell sharply in October on market concerns of a blooming crude glut and slowing global economy. Anadarko photo. Energy commodity prices rose by 25 per cent from Jan. to Oct., but ended [Read more] [Read more]
Oil prices fell quickly after peaking in early October due to concerns over slowing global economic growth coupled with a growing crude oil surplus. Anadarko photo. Oil prices peaked on October 3 By Matt French [Read more] [Read more]
Unless policy makers reverse course and start adopting a more business-friendly approach, a further global slowdown or even a recession is more likely than not in 2019. The Washington Post/Getty Images photo by Jabin Botsford. [Read more] [Read more]
Given the unpredictable environment and the prospect of rising interest rates, major equity markets and commodity prices fell sharply towards the end of the year. Anadarko photo. Commodity prices fell sharply before the end of [Read more] [Read more]
Oil prices fell over 3 per cent on Thursday as investors grew more concerned about rising global crude inventories and faltering economic growth. Anadarko photo. Oil prices down over 2 per cent Oil prices fell [Read more] [Read more]
Oil prices recovered slightly after Tuesday’s sell-off on data from the US Energy Information Administration showing demand for distillates rose to the highest levels since January 2003. Nexen photo. US oil prices up over 2 [Read more] [Read more]
US oil prices were down almost 8 per cent on Tuesday on rising global crude inventories and concerns over deteriorating economic growth worldwide. Apache photo. Oil prices weakest since September 2017 Oil prices took a [Read more] [Read more]
Oil prices fell over two per cent on Friday as the US stock market took another hit and economic data released from China indicated lower fuel demand from the world’s largest importer of crude. Chevron [Read more] [Read more]
Oil prices fell 4 per cent Thursday, but regained some ground after OPEC and its allies signalled later in the day that it would cut production. Baytex photo. Oil prices down about 30 per cent [Read more] [Read more]
Oil prices climbed over 4 per cent on Monday after talks between the US and China resulted in a temporary truce to the trade war that has dragged down markets in recent months. Anadarko photo. [Read more] [Read more]
Hedge funds completed the wave of crude oil futures and options sales last week but there were heavy sales of derivatives linked to middle distillates. Hedge funds net sellers of 649 million barrels in the [Read more] [Read more]
Oil prices fell over one per cent on Friday on rising crude stocks and despite expectations that OPEC and Russia will agree to a production cut next week at the cartel’s meeting in Vienna. Anadarko [Read more] [Read more]
Oil prices climbed on Thursday after industry sources reported that Russia has agreed for the need for crude output cuts for 2019. Equinor photo. Oil prices up over 2 per cent US oil prices jumped [Read more] [Read more]
US crude stocks rose by 3.6 million barrels last week, much higher than analysts’ expectations of an increase of 769,000 barrels. Bloomberg photo by David Acker. US crude stocks up by 3.6 million barrels last [Read more] [Read more]
The next move in oil prices will be determined by how US shale firms and Saudi Arabia react to the recent fall in oil prices and whether the global economy slows further. Repsol photo. WTI [Read more] [Read more]
Oil prices rose over 3 per cent on Monday, but gains were capped by concerns about the slowing global economy and rising crude supplies. BP photo. Oil prices up over 3 per cent After dropping [Read more] [Read more]
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