Tag Archives: oil futures

Three sources told Reuters on Tuesday that Iraq’s oil exports have not been affected by the current political turmoil. Baghdad is witnessing the worst fighting in years, with clashes between rival Shi’ite groups entering their second day. Two sources confirmed that supporters of Shiite cleric Muqtada al-Sadr, a former leader …

Oil prices fell for the second session, under pressure from an unexpected increase in US crude inventories that raised concerns about demand after prices rose to their highest levels in many years. US crude fell 0.67 percent, or 52 cents, to $76.91 a barrel before the opening of European markets, …

The Iraqi Oil Minister said that the price of oil between 75 and 80 dollars per barrel is a fair price for producers and consumers, adding that his country seeks to raise its production and export capacity in the coming years. Oil prices topped $83 a barrel on Wednesday, their …

China has ordered its top energy companies to secure winter supplies at all costs. The orders come with growing energy crisis in the country. The Chinese directive was issued during an emergency meeting presided by head of China’s energy section and industrial production Vice Premier Han Zheng.Zheng called all the …

Retreating oil prices impacted the Canadian stock futures on Friday, with investors awaiting GDP data for signals about the pace of the country’s economic recovery.Oil has fallen below $78 a barrel on the prospect that OPEC+ producers might step up a planned increase in global production to ease supply concerns.December …

West Texas Intermediate futures have bounced up to USD 75.70 on China’s measures to secure supplies.Crude oil futures have turned positive on daily charts. Oil prices lost ground following an unexpected increase in U. S. inventories.Oil prices have bounced more than USD 2 in less than an hour, erasing previous …