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Asian stocks slip on profit-taking; oil falls

EghtesadOnline: Asian stocks edged lower on Wednesday as strong U.S housing data overnight increased the chances of an interest rate increase in coming months, prompting some investors to take profits, while oil prices slipped after a surprise jump in U.S. inventories.
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Publish Date:24/August/2016 | 07:07

Oil prices fall as analysts say market still oversupplied

EghtesadOnline: Oil prices fell over 1 percent on Tuesday, with Goldman Sachs warning that August's price rally had been overdone and that a proposed oil production freeze at current near-record levels would not help rein in an oversupplied market.
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Publish Date:23/August/2016 | 06:31

Asia stocks edge up amid Fed lull, oil slips

EghtesadOnline: Asia shares inched ahead while oil fell for a second session on Tuesday, as investors awaited guidance on whether the Federal Reserve will raise U.S. interest rates this year.
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Publish Date:23/August/2016 | 06:12

‘Well-Timed’ OPEC Talk Forces Oil Bears Into Record Reversal

EghtesadOnline: OPEC has done it again. Talk of a potential deal to freeze output helped push oil close to $50 a barrel and prompted money managers to cut bets on falling prices by the most ever. West Texas Intermediate, the U.S. benchmark, went from a bull to a bear market in less than three weeks.
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Publish Date:22/August/2016 | 06:03

Qatar’s Oil Products Demand at Record High on Planes, World Cup

EghtesadOnline: Qatar’s demand for oil products, boosted by an expanding airline and a pre-World Cup spending spree, is bucking a trend of slower consumption growth and even contraction in the region as economies slowed on lower oil prices .
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Publish Date:18/August/2016 | 14:51

Oil steady near six-week highs on talk of supply freeze

EghtesadOnline: Brent crude oil traded above $50 a barrel for the first time in six weeks on Thursday as the world's biggest producers prepared to discuss a possible freeze in output levels.
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Publish Date:18/August/2016 | 24:48

Dollar turns defense into attack ahead of Fed minutes

EghtesadOnline: Revived bets on U.S. interest rate rises this year saw the dollar turn defense into attack on Wednesday and halted a red-hot run for oil prices and emerging markets.
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Publish Date:17/August/2016 | 09:49

Oil prices dip as traders cash in on two-week price rally

EghtesadOnline: Oil prices edged away from 5-week highs on Tuesday, with traders cashing in on a 16-percent rally since early August that has largely been fueled by talk of producers taking action to prop up the market.
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Publish Date:16/August/2016 | 08:03

Oil hits August high on potential producer action to prop up market

EghtesadOnline: Oil prices rose on Monday to fresh highs for the month of August, with the Brent benchmark gaining 11 percent since the start of the month, as speculation intensifies about potential producer action to support prices in an oversupplied market.
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Publish Date:15/August/2016 | 08:12

China shares hit seven-month high; world yields keep falling

EghtesadOnline: Asian shares set up camp at one-year peaks on Monday as a rally in Chinese stocks helped offset news that Japan's economic growth had ground to a halt last quarter, while oil prices extended their latest rally.
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Publish Date:15/August/2016 | 07:50

Oil Rises to Weekly Gain as Saudis Reiterate Wish for Stability

EghtesadOnline: Oil climbed to its biggest weekly advance since April as Saudi Arabia signaled it’s prepared to discuss stabilizing markets at informal OPEC discussions next month after prices tumbled into a bear market.
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Publish Date:13/August/2016 | 07:59

Dollar, yields fall after tepid U.S. economic data

EghtesadOnline: Soft U.S. economic data weighed on the dollar and Treasury yields on Friday and pressured stock prices, but Wall Street's losses were mitigated by continued gains in oil prices and the Nasdaq inched up for a second straight record high.
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Publish Date:13/August/2016 | 07:19

Asia rises on Wall Street's record, China data prompts stimulus bets

EghtesadOnline: Asian stocks inched up on Friday, after a surge in oil prices helped propel Wall Street to record highs , while mainland shares held on to gains on hopes that weaker-than-expected Chinese economic data would spur policy easing.
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Publish Date:12/August/2016 | 09:00