Trends - US crude - Business Recorder

Markets

Oil largely steady as rising supplies face Chinese demand hopes

NEW YORK: Oil were largely unchanged on Wednesday as signs of ample supply, including growing US crude inventories,...

Published 02 Mar, 2023 06:23am

Markets

Gasoil, jet fuel margins fall on weak fundamentals

SINGAPORE: Asia’s 10 ppm sulphur gasoil and jet fuel margins fell for the second consecutive month as persistently...

Published 01 Mar, 2023 06:21am

Markets

Oil prices fall 1pc as US crude inventories swell

NEW YORK: Oil prices fell about 1 percent on Thursday as US crude inventories swelled to their highest in months,...

Published 10 Feb, 2023 03:56am

Markets

Oil prices settle lower on Russia supply outlook

NEW YORK: Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong...

Published 30 Jan, 2023 05:56am

Markets

Gasoil cash premiums down despite some demand

SINGAPORE: Asia’s 10 ppm sulphur gasoil cash premiums fell on cautious trading sentiment, despite a bout of strong...

Published 27 Jan, 2023 06:15am

Markets

Oil up 1pc on positive US data

NEW YORK: Oil prices rose more than 1 percent on Thursday on expectations that global demand will strengthen as top...

Published 27 Jan, 2023 06:15am

Markets

Oil edges up after less-than-expected US inventories rise

BENGALURU: Oil prices were up slightly in light volumes on Wednesday after government data showed a...

Published 26 Jan, 2023 05:58am

Markets

Oil heads for second week of gains on China demand outlook

LONDON: Oil rose on Friday and was heading for a second straight weekly gain, spurred largely by brightening...

Updated 20 Jan, 2023 08:38pm

Markets

Brent oil price broadly steady at $80/bbl amid rising US stockpiles

LONDON: Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an...

Updated 11 Jan, 2023 05:57pm

Markets

Oil steady as market awaits clarity on Fed rate hike

LONDON: Oil prices were stable on Tuesday as the market awaited the Federal Reserve’s plans for rate hikes to gauge...

Updated 10 Jan, 2023 04:38pm

Business & Finance

Oil rises over 1pc

NEW YORK: Oil prices rose over 1% on Monday after China’s move to reopen its borders boosted the outlook for fuel...

Published 10 Jan, 2023 06:00am

Business & Finance

Oil prices fall nearly 5pc on worry over global economy

NEW YORK: Oil fell nearly 5 percent on Wednesday after slumping in the previous session, weighed down by demand...

Published 05 Jan, 2023 05:58am

Markets

Oil prices fall further as concerns grow over global economy

LONDON: Oil fell sharply on Wednesday after slumping in the previous session, weighed down by demand concerns...

Updated 04 Jan, 2023 08:26pm

Markets

Oil prices rise over $2 on drawdown in US crude stocks

HOUSTON: Oil prices rose by more than $2 on Wednesday after data showed a larger-than-expected draw in US crude...

Published 22 Dec, 2022 05:57am

Markets

Oil dips, hits lowest mark since January

HOUSTON: Oil edged to its lowest since the start of the year in volatile trading, after US government data showed an...

Published 08 Dec, 2022 05:58am

Markets

Oil pares losses after cooler than expected US inflation

LONDON: Oil pared losses on Thursday, still heading for a fourth consecutive daily decline, as cooler than expected...

Published 11 Nov, 2022 05:54am

Markets

European stocks snap three-day gains

BENGALURU: European shares snapped a three-day advance on Wednesday, weighed down by economically sensitive stocks,...

Published 10 Nov, 2022 05:50am

Markets

Oil rises on strong crude demand, despite China fears

LONDON: Oil rose on Thursday, extending a rally of nearly 3% in the previous session, as optimism over record U.S....

Updated 27 Oct, 2022 06:27pm

Markets

U.S. crude stocks jump by nearly 9 million barrels: EIA

U.S. crude stockpiles surged by nearly 9 million barrels last week due to a combination of increased imports and...

Published 08 Sep, 2022 08:52pm

Markets

Oil up nearly 3pc as OPEC+ agrees to small oil output cut

HOUSTON: Oil prices rose about 3% on Monday, as OPEC+ members agreed to a small production cut of 100,000 barrels ...

Published 06 Sep, 2022 04:08am

Markets

Oil climbs ahead of OPEC+ meeting

NEW YORK: Oil prices rose on Friday on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5,...

Published 04 Sep, 2022 05:44am

Markets

US crude, fuel stockpiles shrink while gasoline demand drops: EIA

US crude and fuel inventories fell last week, the Energy Information Administration said on Wednesday, while...

Published 24 Aug, 2022 09:32pm

Markets

Oil up 3% on U.S. crude stocks data, tight supply outlook

NEW YORK: Oil prices gained about 3% on Thursday as robust U.S. fuel consumption data and an expected drop in...

Updated 18 Aug, 2022 09:15pm

Markets

Oil edges off low as strong export demand drains US crude stocks

HOUSTON: Oil prices rose about 1.5% after hitting a six-month low on Wednesday, as a steeper-than-expected drawdown...

Published 18 Aug, 2022 05:27am

Markets

Most Gulf bourses in red on selling pressure, falling oil prices

DUBAI: Most stock markets in the Gulf ended lower on Thursday, as selling pressures and declining oil prices pushed...

Published 05 Aug, 2022 06:27am

Markets

Wall St slips as hot inflation data rattles investors

NEW YORK: US stocks slipped on Wednesday after hotter-than-expected inflation data fanned fears that the Federal...

Published 14 Jul, 2022 05:00am

Markets

US crude, distillate inventories rise: EIA

NEW YORK: US crude stocks and distillate inventories rose while gasoline inventories fell, the Energy Information...

Published 08 Jun, 2022 07:52pm

Markets

U.S. crude, fuel stockpiles fall in tight market: EIA

U.S. crude oil and fuel stockpiles fell last week, as demand continued to outstrip supply, with commercial crude...

Published 02 Jun, 2022 09:03pm

Markets

US oil output rises 3% in March to highest since November: EIA

NEW YORK: US crude oil production rose in March by more than 3% to the highest since November, according to a...

Published 31 May, 2022 09:25pm

Markets

US oil dips below $100 a barrel on economic worries, strong dollar

HOUSTON: The US crude oil price dipped below $100 a barrel on Tuesday to its lowest level in two weeks as the demand...

Published 11 May, 2022 04:58am