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Oil Slips as Gulf Diplomatic Clash Seen to Have Limited Impact

EghtesadOnline: Oil dropped to the lowest level in more than three weeks as the market refocused on glut concerns after a diplomatic clash involving Saudi Arabia and Qatar was seen as having a limited impact on supply.
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Publish Date:06/June/2017 | 08:35

Oil Gains on Gulf Crisis; Metals Hit Europe Stocks

EghtesadOnline: Oil climbed as a political spat between several energy-producing nations in the Middle East escalated, while a slide in industrial metals dragged European stocks lower. The pound pared earlier losses in the wake of a terror attack in London.
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Publish Date:05/June/2017 | 09:50

Stocks in Upbeat Mood as Oil Rises, Havens Slip

EghtesadOnline: European stocks were poised to snap a five-day losing streak amid a broad-based rally. The pound declined as better-than-expected manufacturing data failed to offset political risk before the impending election, and crude bounced.
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Publish Date:01/June/2017 | 10:48

OPEC Wins Hedge Funds Back With Jump in Oil Bets Before Deal

EghtesadOnline: Hedge funds are giving OPEC some credit again. Following four weeks of growing pessimism, bets on rising West Texas Intermediate prices jumped the most this year just as Saudi Arabia and Russia were mustering support for the deal they struck in Vienna last week, U.S. Commodity Futures Trading Commission data show.
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Publish Date:30/May/2017 | 04:44

U.S. Stocks Edge Higher, Dollar Gains as Oil Dips

EghtesadOnline: U.S. stocks limped into the weekend on a sluggish final day of trading, while the dollar fluctuated with oil as investors assessed data showing the U.S. economy on firm footing.
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Publish Date:27/May/2017 | 04:08

Cheer Up, OPEC: Oil Price Slump May Yet Prove to Be ‘Knee Jerk’

EghtesadOnline: Saudi Arabia’s Energy Minister Khalid Al-Falih said he had no interest in the “knee jerk” reactions of the oil market when crude prices collapsed on Thursday as he sought to explain OPEC’s deal to prolong supply curbs. According to Bloomberg, here’s some evidence that he could be right in believing the slump won’t last.
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Publish Date:27/May/2017 | 03:49

Trump's Bid to Sell U.S. Reserve Oil Could Undermine OPEC Cuts

EghtesadOnline: President Donald Trump has proposed selling off more than half of the U.S. emergency oil stockpile, potentially putting more crude on the global market and undermining OPEC’s efforts to prop up prices.
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Publish Date:24/May/2017 | 13:26

Oil prices stable as market expects extended production cut

EghtesadOnline: Oil prices were stable on Wednesday, supported by confidence that an OPEC-led output cut aimed at tightening supply would be extended to all of 2017 and the first quarter of next year.
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Publish Date:24/May/2017 | 05:13

Oil Climbs With Asia Stocks on Supply Speculation

EghtesadOnline: Crude oil climbed toward $51 a barrel and Asian stocks advanced, helped by a rise in energy producers amid speculation cuts to crude supplies will be extended further. The yen declined after a volatile week for financial markets.
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Publish Date:22/May/2017 | 05:05

U.S. Stocks Hit Records as Oil Rallies, Bonds Slip

EghtesadOnline: U.S. stock indexes rose to new highs as a rally in crude and dollar weakness sparked gains in commodities producers. Emerging-market assets jumped and Treasuries slid.
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Publish Date:16/May/2017 | 04:42

Iran Crude Oil Slips Below $50

EghtesdaOnline: Iranian crude oil traded down more than 4% to $45 per barrel in the week to April 28, showing signs of pressure from the slowdown in the global oil markets.
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Publish Date:15/May/2017 | 13:23

China Shares Gain on Spending Program; Crude Jumps

EghtesadOnline: Chinese equities rose as optimism over infrastructure spending offset concerns over the strength of the global economy, while oil surged on expectations for a supply cut.
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Publish Date:15/May/2017 | 04:26

Iran Complying With Crude Supply Cut Deal

EghtesadOnline: Iran cut back crude oil production last month in a move that reflects its adherence to a global supply cut deal and OPEC's efforts to shore up prices and restore balance to the beleaguered oil market.
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Publish Date:13/May/2017 | 09:48