# Oil

#Oil

Latest Oil market news, analysis and commentary.



Oil

Oil slips towards $50 on doubts over output-cut extension

Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production cut will be extended beyond June in an effort to counter a glut of...
Stock Exchange - FTSE 100 Index

Global stocks decline, USD pare gains

Lack of appetite in mining and energy stocks combined to stronger pound weighed on the FTSE stocks (-0.89%) at the weekly open in London. The FTSE 100 broke the 50-day moving...
Donald Trump

Trump healthcare failure gives the market a cold

The decline in US stocks last week was the biggest one week decline since last year’s US election, and it surely reflects some concern that the optimism about President Trump’s various...
Oil

Oil Prices Experience Biggest Drop in a Year as Oversupply Fears Escalate

Crude oil has declined sharply this month, as the prospect of a renewed supply glut from U.S. shale threatens the market’s quest for balance. Since reaching 19-month highs on February 23, U.S....
Wall Street Stocks

Trump trade stumbles: did the Fed kill it or are stocks overvalued?

Wall Street endured its worst day in months on Tuesday as it investors went into risk-off mode. Traders seem to be reassessing the Trump trade. Will he deliver on the promise that...
Oil

Oil Looks Set to Stage a Mild Comeback

Oil prices look to have finally found a bottom, potentially even two of them, which could see buying pressure mount in the coming sessions. Additionally, a number of other technical instruments...
London Stock Exchange

Europe to open higher after US markets stabilise

While European markets slipped back sharply yesterday, US stocks managed to stabilise after their big falls on Tuesday. This stabilisation is likely to see a slightly more positive open for Europe...
Crude Oil

Oil prices slide on bulging U.S. crude inventories

Oil prices slipped back towards three-month lows on Wednesday after data showed U.S. crude inventories rising faster than expected, piling pressure on OPEC to extend output cuts beyond June. A deal between...
BGC Brokers London Stocks

Risk-off: Airline, bank shares tumble

The sharp appreciation in the pound is taking its toll on the UK stock markets. The FTSE started the day downbeat, as financials (-0.99%) led losses after the US banks took...
Japanese Yen

Strong buying in Yen on US concerns

The USD hit the brakes today, as the market looked unhappy on the US uncertainty around the health care reforms that are struggling to gain any traction, despite all of this,...
Oil Prices Rise

Singapore’s stock market rally slammed by oil and gas woes

The S&P 500 index slid for a third day, dragged by financial (-0.9%) and utility (-0.68%) sectors. Market sentiment has been weighed by news that the FBI is probing possible ties between...
Stock Exchange - FTSE 100 Index

FTSE slips from record high as banks, oil drag

Britain's top share index retreated from record levels on Monday, weighed down by falling energy stocks and banks. The blue chip FTSE 100 index was down 0.2 percent at 7,410.95 points by 1025...
Crude Oil

Oil prices edge up as drop in U.S. crude stocks eases glut worries

Oil prices edged up on Friday as a drawdown in U.S. crude inventory eased concerns about a global supply glut. Brent crude was up 7 cents, or 0.14 percent, at $51.81 per...
British Pound vs US Dollar

Pound appreciates on BoE, EUR gains

The pound strengthened after the Bank of England (BoE) revealed a surprise hawkish shift at yesterday’s monetary policy meeting. The MPC voted 8 to 1 to keep the bank rate unchanged at...
Oil

Oil prices extend gains after drop in U.S. stockpiles

Crude oil prices rose on Thursday to extend gains from the previous session after official government data showed U.S. stockpiles had eased from record highs. Prices surged on Wednesday after a slew...
Crude Oil

Oil prices rebound, IEA says OPEC cuts need more time to work

Oil prices climbed from three-month lows on Wednesday, lifted by a surprise drawdown in U.S. inventories and helped by figures from the International Energy Agency (IEA) suggesting OPEC cuts should push...
Janet Yellen

Dutch election, UK labour data, the Fed

Cable sold off on the back of softer earnings report. The average earnings in Britain grew by 2.2% in three months to January, versus 2.4% expected and down from 2.6% printed a...
US Dollar

Dollar wobbles ahead of FOMC

The Greenback was under pressure during early trading on Wednesday as bears exploited the pre-FOMC jitters and anxiety to attack prices lower. Although sellers may be commended on their ability to trigger...
Oil Prices Rise

Oil touches three-month lows, as U.S. supply swells

Oil hovered around three-month lows on Monday, as rising U.S. inventories and drilling activity offset optimism over OPEC's efforts to restrict crude output. Brent crude was down 7 cents on the day,...
Gold

Gold bears continue to dominate

Gold continues to be right in the cross hairs of the bears in the market, as US economic data continues to show a large amount of hope and as Trumps 1...
European Central Bank

European stocks, euro weaker pre-ECB

The European Central Bank (ECB) is expected to maintain the status quo at today’s monetary policy meeting. The bank has already announced to reduce its monthly asset purchases from 80 billion...

Commodities buckle under Greenback pressure

Gold and Oil buckled under the Dollar pressure, with Oil having spent perhaps too long at the highs with record net long exposure. With NDP and FED's meeting over the next...
Euro

Euro drifts lower as ECB looms

The phenomenal stock market rally has displayed some signs of exhaustion this week with investors on high alert ahead of the looming ECB meeting and NFP this Friday. Asian shares painted a...
Oil

Oil Prices Tease at a Slip Below the $50 Handle

A shock 8.21M build in US Crude Oil Inventories sent oil prices reeling during the prior session, resolving the developing rising wedge slightly earlier than anticipated. As a result, from a...
Crude Oil

Crude oil slumps as inventories pile up; dollar climbs on ADP numbers

Crude oil prices plunged over 5% this morning after the US DoE reported that its commercial inventory increased by 8.2 million barrels over the last week, far exceeding the consensus of...
Crude Oil

WTI bulls struggle above $52.50

WTI Crude breached $53 during trading on Tuesday after industry data pointed to a potential ninth straight week of inventory builds which revived some oversupply concerns. Although OPEC members have made an...

Gold Prices Pull Back Toward February Low On Fed Hopes

Crude oil prices remain trapped in the consolidation of 2017 that followed the dramatic rise over the majority of 2016 after falling as low as $26/bbl in February. On Monday, the fundamentals of...
Oil

Oil falls on lower China growth targets, doubts on Russian output curbs

Oil prices fell in Asian trade on Monday, wiping out some of the gains of the previous session amid worries lower growth targets in China could cut oil demand and ongoing...
Mario Draghi

More Mergers and Acquisition; Standard Life & Aberdeen, PSA Group and GM, Deutsche Bank...

Mergers and acquisition space is getting a lot of attention this morning with a number of firms out with the major news. Today is all about mergers and acquisition and this what...
Oil

Oil bears take a swipe

Oil has hit the headlines today after the most recent Crude Oil Inventory figures showed a surplus yet again of 1.50M barrels (3.08M exp), but more important expectations have changed in...

LATEST

Oil slips towards $50 on doubts over output-cut extension

Oil
Oil fell further towards $50 a barrel on Monday, pressured by uncertainty over whether an OPEC-led production...

FTSE hits one-month low as miners, Babcock slide

London Stock Exchange
Britain's top share index hit a one-month low after the failure of U.S. President Donald Trump to...

BT fined record 42 million pounds for business-line installation errors

BT - British Telecom
Britain's BT has been fined a record 42 million pounds ($53 million) by the regulator for failing...

What’s up Next for the AUD?

Australian Dollar
The AUDUSD has reached a bit of an impasse as a result of last week’s tumble which...

USD/JPY Faces a Critical Support Zone as 1.10 Handle Now in Focus

US Dollar Japanese Yen
The past week has been highly negative for the USDJPY as s sentiment swing, against the U.S....
Get the latest news delivered straight to your inbox