Page 91 - Oil Prices

Oil prices fall on rising Opec output

Oil prices fell nearly 2 per cent on Monday, snapping two consecutive days of gains, on caution over galloping West Asia crude output and a stronger dollar boosted by speculation of a US rate hike by the year-end.Iraq, which has exported more crude from its southern ports in August, will continue ramping up output, its oil minister said on Saturday. Top exporter Saudi Arabia has kept output at around record levels this month. The dollar hit a three-week high against the yen after Federal Reserve Chair Janet Yellen bolstered expectations in a speech on Friday that the central bank would raise interest rates soon. A stronger dollar makes commodities denominated in the greenback less affordable for holders of other currencies.Focus on surging West Asia production and the strengthening dollar also offset data from energy monitoring service Genscape showing a drawdown of 287,444 barrels at the Cushing, Oklahoma delivery point for US crude futures during the week ended August 26, traders who

Oil prices fall over 1% on rising Iraq output, strong dollar

US WTI crude futures were down 66 cents, or 1.39 per cent, at $46.98 a barrel

Oil prices fall on rising Iraq output, doubt over producer talks

Brent crude oil futures were trading at $49.40 per barrel at 0145 GMT, down 52 cents, or 1.0%, from their previous close

Oil prices dip after Saudi Arabia dampens hopes on output talks

OPEC kingpin Saudi Arabia's energy minister Khalid Al-Falih revived worries about the success of the coming gathering in Algeria

Oil prices dip as Saudi Arabia dampens prospects of output freeze

Members of OPEC will meet on the sidelines of the IEF, with groups producers and consumers, in Algeria from Sept. 26-28

Oil prices dip as focus returns to global supply overhang

WTI crude futures were at $46.73 a barrel, down 4 cents, after dropping 2.8 per cent on Wednesday

Oil prices fall as hopes of production freeze fade

In the US, commercial crude oil stocks rose by 2.5 million barrels to 523.6 million barrels, 16 per cent higher than a year ago

Oil prices dip as focus returns to global supply overhang

Brent crude oil futures were trading down 7 cents at $48.98 per barrel at 0413 GMT, having closed down 1.8 per cent

Oil prices fall on US crude stocks build; fears over China demand

Chinese crude demand could falter as Beijing clamps down on alleged tax evasion in the oil industry

Oil bounces on speculation of Iran's support for Opec

Iran has been boosting output since the lifting of Western sanctions in January and refused in April to join an Opec production freeze plan

Oil prices fall on doubts that producers can agree output restraint

Brent crude futures were trading at $48.86 per barrel

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

Brent crude oil futures rose to a high for the month of $47.40 a barrel

Oil prices surge on Saudi minister's talk of 'possible action'

North Sea Brent for October delivery rose $1.99 to $46.04 a barrel on the Intercontinental Exchange

Oil prices fall on US crude inventory build, record Saudi output

Data from the US Energy Information Administration showed crude inventories rose 1.1 million barrels in the week ended August 5

Oil rises on renewed OPEC output freeze talks, but fundamentals remain weak

In the absence of an agreement between major OPEC members, a fight for market share via high output and price discounts is still weighing on markets

Oil prices fall as short-covering rally fizzles, oversupply weighs

Traders said overproduction in crude and refined products left onshore storage tanks filled to rims; tankers sell unsold fuel

US crude oil remains below $40-mark as oversupply still weighs

While international Brent crude futures were trading at $41.85 a barrel, WTI crude was trading at $39.63 a barrel

Oil prices decline

US crude stockpiles gained unexpectedly, deepening market concerns on oversupply

Oil prices edge away from 3-month lows, but mood remains bearish

As oil is traded in dollars, a cheaper greenback makes fuel imports cheaper for countries using other currencies, potentially spurring demand

Oil prices extend losses on supply worries

Prices have fluctuated between $43 and $52 per barrel since early June after falling below $30 in February