Commodities

Oil prices slide on profit-taking, but supply risks curb losses

Oil prices slipped in thin trading on Wednesday as investors took profit from the previous session’s rally, although supply disruptions in Brazil and Libya helped to limit the losses. Brent futures for December delivery had fallen 13 cents to $50.41 at barrel by 0546 GMT, after ending the last session up $1.75, or 3.6 percent. U.S. crude for December delivery ...

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U.S. crude oil edges up after drops, but market remains oversupplied

U.S. crude futures edged up early on Tuesday, but the market outlook remains bearish as supply still exceeds demand and due to worries the dollar will strengthen when the U.S. Federal Reserve eventually raises interest rates. Benchmark U.S. crude futures CLc1 were trading at $46.27 per barrel at 7.28 p.m. ET, up 13 cents from their last settlement. The slight ...

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Crude oil falls after U.S. growth figures disappoint

Crude futures dropped in Asian trading on Friday after the release of a report showing that U.S. economic growth had slowed sharply, reinforcing concerns about sluggish demand in a world awash with oil. U.S. economic growth braked sharply in the third quarter as businesses cut back on restocking warehouses to work off an inventory glut, data showed. Both of the ...

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Oil prices climb on upbeat economic data, ECB stimulus moves

Oil prices extended gains into a second day in Asian trade on Friday, finding support from brighter economic data and a global stock market rally after the European Central Bank signaled its willingness to launch more stimulus measures. Brent for December delivery rose 36 cents to $48.44 a barrel at 10.52 p.m. ET after settling up 23 cents in the ...

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Oil falls after industry report shows surge in U.S. crude stocks

Oil prices fell on Wednesday after data from an industry group showed a larger-than-expected build in U.S. crude inventories last week, fanning worries over global oversupply, even as a slightly weaker dollar provided some support. Brent crude for December delivery had fallen 14 cents to $48.57 a barrel by 1.03 a.m. ET after settling up 10 cents in the previous ...

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Oil prices slip as China third-quarter GDP growth falls

Oil prices dipped on Monday as China’s economic growth eased in the third quarter to grow at the slowest pace since the start of the global financial crisis. Brent for December delivery LCOc1 was down 18 cents at $50.28 a barrel as of 12.14 a.m. ET after settling up 73 cents on Friday. U.S. crude for November delivery CLc1 was ...

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Oil prices snap week-long fall on U.S. output decline, gasoline drawdown

Crude oil futures rose on Friday to snap a week-long decline as investors bet falling U.S. production would cut a global surplus, while the country’s gasoline and distillate inventories dropped more than expected. However, analysts cautioned the price recovery may not last, with more supply likely from Iran. Global benchmark Brent crude has fallen 4.5 percent so far this week, ...

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Oil up on bargain-hunting, but gains capped by stockpile forecast

Crude oil futures edged up on light bargain hunting on Tuesday, after U.S. and Brent crude tumbled in the previous session to post their biggest daily percentage declines since the start of September. Oil prices sank on Monday after a report that OPEC continued to boost production. China trade data showing a deterioration in its economy and expectations of higher ...

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Oil steady; U.S. crude holds below $50 as stockpiles rise

Oil prices held steady in early Asian trade on Thursday, with U.S. crude trading below $50 a barrel near its lowest in more than three months as rising U.S. stockpiles and a strong dollar weighed on the commodity. Crude oil stocks in the United States rose 2.5 million barrels last week to above the five-year seasonal average, data from the ...

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New York sell orders in thin trade trigger Shanghai gold rout

In early Asian trading hours on Monday, when typically only tens of contracts of gold are traded, investors dumped more than $500 million worth of bullion in New York in four seconds, triggering the market’s biggest rout in years. The sell-off began when one or more massive sell orders hit the price of gold on the CME Group’s Comex futures ...

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