price Archive

U.S. oil prices struggle to break away from two-month low

U.S. crude oil prices held near more than two-month lows in early Thursday trading, after a sharp slide on concerns the market will take much longer than many anticipated to rebalance as supplies far outstrip demand. Benchmark U.S. crude futures were at $43.15 a barrel at 0033 GMT (0833 EDT), up 22 cents on Wednesday [&hellip

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Oil prices drop after U.S. inventories rise

Crude oil prices fell on Wednesday after industry data showed an increase in U.S. stockpiles, and as analysts said that U.S. output had been surprisingly resilient in the face of lower prices. Benchmark U.S. crude futures slipped to a two-week low at $43.55 a barrel in early trading before trimming losses to trade down 59 [&hellip

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Oil will not reach $80 per barrel until 2020

Oil prices are over 50% lower than they were last summer – and it’s going to stay that way until the end of the decade. Fatih Birol, the executive director of the International Energy Agency told the Financial Times that a perfect storm will keep prices low until 2020 – low demand and bountiful supply. [&hellip

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Oil prices rise, but China trade data casts a shadow

Source photo Oil prices edged up marginally in early Asia trade Monday as data indicate China’s appetite for crude oil remains strong, but the sharp drop in overall imports is fuelling worries that slowing demand by the world’s second-biggest economy is unlikely to reverse anytime soon. On Sunday, China’s General Administration of Customs said in [&hellip

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Oil prices rise ahead of U.S. jobs, oil-rig count

Crude oil prices recouped some losses in Asia trade on Friday but will likely bob in a tight range as the market waits to take cues from the U.S. labor data and oil-rig count due later in the day. Market sentiment went deeper into bearish mode overnight in the U.S. on oversupply concerns after reports [&hellip

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U.S. stockpile climb keeps a lid on crude-oil gains

Source photo Crude prices rebounded slightly in Asia trade Thursday but a wider-than-expected U.S. crude stockpile buildup amid slowing global demand means prices will likely hover in a narrow band. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ5, +0.15% traded at $46.33 a barrel, up $0.01 in the [&hellip

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Oil prices wait to see if global supply will keep ballooning

Source photo Crude-oil prices inched up slightly on a technical rebound in Tuesday Asia trade but concerns of ballooning global supply will likely keep gains limited. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ5, -0.11% traded at $46.24 a barrel, up $0.10 in the Globex electronic session. December [&hellip

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Oil prices sluggish after China manufacturing data

Crude-oil prices dropped in early Asia trade on Monday as lackluster Chinese factory activity data widened fears that demand from the world’s second-largest economy is likely to stay low. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December CLZ5, -0.84% traded at $46.39 a barrel, down $0.20 in the Globex [&hellip

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Saline price spike leads to call for FTC probe

Source photo Four U.S. senators asked the Federal Trade Commission to investigate whether suppliers of saline solution have illegally inflated prices to exploit a chronic shortage of the hospital staple. The senators sent a letter Monday to FTC Chairwoman Edith Ramirez stating that prices for saline have risen 200% to 300% since a shortage began [&hellip

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Oil prices extend losses as glut worries persist

Oil prices fell on Tuesday, on course for a third week of losses as U.S. inventory data is expected to show another increase in crude stocks. Brent for December delivery had fallen 38 cents to $47.16 a barrel by 10.25 p.m. ET, after settling the previous session down 45 cents, or almost 1 percent. U.S. [&hellip

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