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Crude Rallies With Asian Equities, Metals; Dollar Holds Advance

EghtesadOnline: Oil jumped on optimism OPEC will agree to a supply-cut deal, while Asian equities and industrial metals rebounded from last week’s losses. The dollar held near a January high, with traders all but convinced the Federal Reserve will pull the trigger on a rate hike in December.
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Publish Date:21/November/2016 | 08:26

U.S. Oil Drillers Coming Back to Life

EghtesadOnline: Growing confidence that crude prices will rise in coming months is sustaining the expansion of oil drilling in the shale patch.
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Publish Date:21/November/2016 | 08:20

Oil prices climb on expectation of OPEC-led output cut

EghtesadOnline: Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.
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Publish Date:21/November/2016 | 06:08

Oil prices rise on Saudi optimism over OPEC deal

EghtesadOnline: Oil prices rose on Thursday as expectations of an OPEC deal to limit production outweighed evidence of global oversupply and rising inventories, particularly in the United States.
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Publish Date:17/November/2016 | 16:23

Government Bonds Fall Worldwide on Trump-Fed Nexus; Oil Declines

EghtesadOnline: Government bonds tumbled around the world and the dollar rose on speculation that the economic outlook is sufficiently strong to allow the Federal Reserve to step up the pace of interest-rate hikes. Metals and crude oil fell.
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Publish Date:16/November/2016 | 24:12

Oil declines after OPEC-inspired rally as U.S. inventories rise

EghtesadOnline: Oil prices fell on Wednesday, returning some of the gains made in one of the year's biggest rallies a day earlier, after industry data showed U.S. crude stocks rose beyond expectations last week to add to an oversupplied market.
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Publish Date:16/November/2016 | 10:45

Oil demand won't peak before 2040, despite Paris deal: IEA

EghtesadOnline: The International Energy Agency expects global oil consumption to peak no sooner than 2040, leaving its long-term forecasts for supply and demand unchanged despite the 2015 Paris Climate Change Agreement entering into force.
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Publish Date:16/November/2016 | 10:20

Oil prices rise on falling shale output, renewed hopes of OPEC cut

EghtesadOnline: Oil prices rose around 2 percent on Tuesday to move away from multi-month lows struck the day before, pushed higher by expectations of falling shale output and renewed optimism that OPEC will deliver on touted production cuts.
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Publish Date:15/November/2016 | 06:12

Oil edges higher as markets recover from Trump's shock victory

EghtesadOnline: Oil prices reversed some early losses to push higher on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump's surprise victory, although traders said that crude fundamentals remained weak.
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Publish Date:10/November/2016 | 07:54

Oil tumbles as Trump leads U.S. election in potential Brexit deja vu

EghtesadOnline: Oil prices tumbled on Wednesday as vote counting showed Donald Trump edging ahead in an unexpectedly tight U.S. presidential election, throwing world markets into turmoil in a result reminiscent of June's Brexit vote.
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Publish Date:09/November/2016 | 07:32

Oil prices bounce back after week of sharp falls

EghtesadOnline: Oil futures rose on Monday, with traders citing opportunistic buying following sharp declines in the previous week that brought prices to their lowest since early August because of ongoing weak fundamentals.
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Publish Date:07/November/2016 | 05:13

U.S. Stocks Post Longest Slide Since 1980, Bonds Rise Amid Angst

EghtesadOnline: U.S. stocks posted their longest slide since 1980, while Treasuries rallied after data showing progress in the American labor market did little to soothe anxiety over the presidential election. Oil slumped.
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Publish Date:05/November/2016 | 06:06

More Oil Spending Cuts Coming as U.A.E. Warns About Supplies

EghtesadOnline: International oil companies will probably cut investment spending about $370 billion this year and next, according to Wood MacKenzie Ltd., just as the United Arab Emirates warned that the “massive” number of projects being delayed because of the drop in crude prices could create a future shortage.
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Publish Date:05/November/2016 | 05:41

Oil extends losses after report shows surprise U.S. stocks build

EghtesadOnline: Crude oil prices fell for a fourth day on Wednesday, as jittery investors awaited official U.S. stockpile figures later in the day after industry data showed a surprise build in inventories, underlining a persistent global glut.
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Publish Date:02/November/2016 | 05:20

Oil's Heading to $40 If OPEC Fails, Says Goldman

EghtesadOnline: An OPEC deal to cut oil output at a meeting this month is looking increasingly unlikely, with failure warranting prices in the low-$40s, according to Goldman Sachs Group Inc.
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Publish Date:01/November/2016 | 24:57

Oil prices set for weekly drop on doubts OPEC can coordinate output cut

EghtesadOnline: Oil prices were steady on Friday, but on track for a weekly loss of more than 2 percent on uncertainty over whether OPEC would be able to coordinate a production cut big enough to curb a global glut that has dogged markets for two years.
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Publish Date:28/October/2016 | 09:34