Oil prices continued to rally on Thursday with Brent oil topping US$50 a barrel following data showing lower US crude stockpiles.Brent North Sea crude for delivery in October rose US$1.04 to US$50.89 a barrel in London,...
Crude prices rose in Asia on Tuesday after Russia and Saudi Arabia pledged to work on addressing a global supply glut, but analysts said gains would likely be limited after the two sides provided scant detail about their...
Gold held last month's decline as investors await US jobs data due Friday for further clues on the timing of an interest rate increase.Bullion for immediate delivery was little changed at US$1,309.70 an ounce at 9:15am...
Oil fell near US$47 a barrel as the number of US rigs drilling for oil remained unchanged and Royal Dutch Shell Plc said production isn't affected by storm preparations in the Gulf of Mexico.Futures in New York dropped...
Oil held losses near the lowest close in a week as US crude stockpiles unexpectedly increased, keeping supplies at the highest in at least three decades with the peak summer demand period approaching its end.Futures were...
U.S. stocks rose slightly after minutes from the Federal Reserve’s July meeting shed little light on when the central bank might next raise interest rates.The minutes showed Fed officials are seeking to keep their options...
Oil futures pulled back from a two-week high Tuesday to settle modestly lower as traders weighed continued concerns about a global supply glut versus prospects for an agreement by major producers to curb output.
On...
Crude-oil futures finished lower, with ongoing concerns over a global glut of supplies keeping prices for the U.S. benchmark under $60 a barrel.
On the oil front, July crude CLN5, +0.94% fell 44 cents, or 0.7%,...