Jun 03, 2015 at 10:36 | Source: PTI
US benchmark West Texas Intermediate for July delivery fell 35 cents to USD 60.91, while Brent crude for July eased 27 cents to USD 65.22 in late morning trade.
Jun 02, 2015 at 08:13 | Source: Reuters
Australian shares were up about 0.3 percent, ahead of the Reserve Bank of Australia's policy decision at 0430 GMT. The bank is expected to keep rates on hold at a record low of 2.0 percent.
Jun 01, 2015 at 12:55 | Source: Reuters
Financial spreadbetters expected a brighter start to European trading, with Britain's FTSE 100 seen opening as much as 0.5 percent higher, Germany's DAX 0.4 percent, and France's CAC 40 up 0.5 percent.
May 29, 2015 at 12:01 | Source: Reuters
Oil saw steep falls earlier this week as a resurgent dollar weighed on the market amid concerns US crude supplies may have started rising again after three weeks of draws.
May 28, 2015 at 06:47 | Source: Reuters
Asian shares edged up on Thursday on vague hopes of a rescue deal for Greece while the dollar was at the helm in currency markets on expectations that the US Federal Reserve will raise rates later this year.
May 27, 2015 at 09:47 | Source: PTI
US benchmark West Texas Intermediate (WTI) for July delivery gained 32 cents to USD 58.35 while Brent crude for July gained 11 cents to USD 63.83 in late-morning trade. WTI fell USD 1.69 and Brent dipped USD 1.80 yesterday, as markets in the United States and much of Europe reopened after a public holiday on Monday.
May 27, 2015 at 08:42 | Source: CNBC
A small pilot project about to get under way is the energy market equivalent of a moonshot, but it could allow a Saudi fracking boom to move one step closer to reality.
May 27, 2015 at 08:01 | Source: CNBC
The US major indexes finished 1 percent lower each amid renewed strength in the US dollar and some upbeat data that could bolster the case for a quicker-than-expected rate hike. Wall Street reopened for its first trading day of the week after being closed for Monday's Memorial Day.
May 26, 2015 at 11:06 | Source: PTI
There was no floor trading of crude in New York and London yesterday. McCarthy said a resurgent US dollar remained of concern. The greenback was changing hands at 121.74 yen against 121.66 yen Monday afternoon and well up from 121.52 yen in New York on Friday.
May 26, 2015 at 08:21 | Source: CNBC
Stocks moved little following an afternoon speech by Federal Reserve Chair Janet Yellen that said a rate hike would be appropriate this year if the economy improves. She noted that first quarter weakness was largely transitory and that it would take several years for rates to return to normal.