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Oil falls to lowest close since March, down a fourth week| Reuters

Jul 25, 2015 at 03:15 | Source: FirstPost

NEW YORK Brent and U.S. crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.U.S. energy firms added 21 oil ...

Brent crude nears 4-month low as China factories contract, dollar firms| Reuters

Jul 25, 2015 at 00:45 | Source: FirstPost

LONDON Oil prices hovered near four-month lows on Friday after data showed a contraction in China's factory sector and the dollar rose against a basket of currencies.Activity in China's manufacturing sector shrank at the fastest pace in 15 months in ...

Oil falls, heads for fourth weekly loss as China slows| Reuters

Jul 24, 2015 at 23:30 | Source: FirstPost

NEW YORK Brent and U.S. crude fell on Friday as both contracts headed for their fourth straight weekly declines as weak economic data from China added pressure on oil prices.U.S. crude losses follow Thursday's fall into bear market territory, with it...

Oil flat as U.S. rig count rise cools gains, gasoline jumps| Reuters

Jul 03, 2015 at 01:45 | Source: FirstPost

NEW YORK Crude oil prices ended little changed on Thursday as the first weekly gain in the U.S. rig count this year pared earlier gains.Pulling crude futures off highs was the latest data on the U.S. oil rig count from Baker Hughes. The firm said the...

Oil up as U.S. data cools rate hike views; gasoline jumps| Reuters

Jul 03, 2015 at 00:30 | Source: FirstPost

NEW YORK Oil prices rose slightly on Thursday after tame U.S. jobs and economic data signalled the Federal Reserve might be less hasty to raise interest rates and as a surge in gasoline futures drove expectations for more crude demand.But with the Gr...

Oil slides after U.S. stockpile build; Greece, Iran in focus| Reuters

Jul 01, 2015 at 23:15 | Source: FirstPost

NEW YORK Oil prices slumped on Wednesday, with U.S. crude headed for its sharpest daily loss since late May, after the first rise in crude stockpiles in the United States in more than two months.The dollar's rally on Greece's debt default, Iran's ren...

Cult of personality: Turkmen leader gets park tribute on birthday| Reuters

Jun 30, 2015 at 02:31 | Source: FirstPost

ASHGABAT Turkmenistan, which rights groups view as one of the most repressive countries in the world, celebrated President Kurbanguly Berdymukhamedov's 58th birthday on Monday by opening a park in the capital Ashgabat bearing his name.It was the late...

Oil steadies as stronger demand balances glut| Reuters

Jun 26, 2015 at 01:30 | Source: FirstPost

LONDON Crude oil prices steadied just above $60 a barrel on Thursday as strong demand for oil products helped balance a global overhang of oil for immediate delivery.North Sea Brent crude oil traded within a narrow 58-cent range as investors eyed a v...

Oil slides after big weekly U.S. gasoline, products build| Reuters

Jun 25, 2015 at 00:45 | Source: FirstPost

NEW YORK Crude futures fell about 2 percent on Wednesday after a government report showing an eighth straight weekly drop in U.S. crude stockpiles was offset by a large build in oil products, which have dominated market action lately.A firm dollar al...

Oil down on gasoline buildup fear; Greek debt worry| Reuters

Jun 22, 2015 at 23:45 | Source: FirstPost

NEW YORK Crude oil futures fell for a second straight session on Monday on concerns that U.S. demand for gasoline may fade after a strong stretch and in worries about the potential fallout from the Greek debt crisis.The slide came despite data from m...

Oil down 2 pct on Greek worries, weaker products markets| Reuters

Jun 20, 2015 at 02:30 | Source: FirstPost

NEW YORK Crude oil fell about 2 percent on Friday, the first decline after three days of gains, as worries over the Greek fiscal crisis, weaker oil products prices and pre-weekend profit taking undercut the market.Gasoline and diesel's proxy, heating...

Hijacked tanker Orkim Harmony being rerouted to Indonesia| Reuters

Jun 19, 2015 at 09:31 | Source: FirstPost

KUALA LUMPUR The hijacked oil tanker Orkim Harmony is being shadowed by a Malaysian naval ship and has been redirected east to Indonesia's Natuna Island, and should arrive on Saturday, the Malaysian navy and media said on Friday.State news agency Ber...

Oil up third day on dollar slump, U.S. crude draw data| Reuters

Jun 19, 2015 at 01:30 | Source: FirstPost

NEW YORK Oil prices settled up for a third straight day on Thursday, boosted by a slipping dollar and reports that data showed a draw in crude this week at Cushing, Oklahoma, the delivery point for U.S. crude futures.The dollar fell to a one-month lo...

A year after the crash, oil markets risk more trouble ahead | Reuters

Jun 18, 2015 at 00:45 | Source: FirstPost

SINGAPORE/LONDON/NEW YORK/TOKYO A year on from the start of one of the biggest oil price crashes in history, the driving force behind the slide remains intact: there is still too much crude. While output continues to grow, the economic outlook has d...

Oil lower after EIA data shows gasoline stocks build | Reuters

Jun 18, 2015 at 00:30 | Source: FirstPost

NEW YORK Crude oil and refined products futures turned lower on Wednesday in volatile trading after government data showed a surprise gasoline inventory build last week, even as production eased.Concerns about Greece's debt problems and the potential...

U.S. crude oil up as tropical storm goes ashore in Texas| Reuters

Jun 17, 2015 at 01:45 | Source: FirstPost

NEW YORK U.S. crude prices rose on Tuesday as a tropical storm moved ashore in the oil-producing state of Texas, but global oversupply limited gains and pressured Brent futures.Expectations that U.S. crude inventories fell again last week and strong ...

Global stocks halt selloff, Treasury yields spike| Reuters

Jun 11, 2015 at 03:30 | Source: FirstPost

NEW YORK U.S. shares rebounded sharply on Wednesday in the S&P's 500's best day in more than a month, while longer-dated U.S. Treasury yields rose to their highest in more than seven months, tracking a selloff in German Bunds. Oil prices rallied...

Oil jumps after U.S. stockpile draw; gasoline at seven-month high| Reuters

Jun 11, 2015 at 02:30 | Source: FirstPost

NEW YORK Oil rallied for a second straight day on Wednesday, with U.S. crude nearing a one-month high and gasoline hitting its highest price since November, as a big U.S. stocks drawdown boosted the outlook for summer fuel demand."There's no mis...

Asian margins: Gasoline comes out top, gasoil a flop| Reuters

Jun 06, 2015 at 04:15 | Source: FirstPost

SINGAPOREAsia's gasoline refining profits have outperformed all other oil products this year as a combination of lower crude prices and both seasonally and structurally strong demand pushed margins to a record high. Margins for the motor fuel have go...

Ghana petrol station blast, flooding leave estimated 150 dead| Reuters

Jun 05, 2015 at 04:45 | Source: FirstPost

ACCRA An explosion at a petrol station in Ghana's capital and flooding caused by torrential rains killed around 150 people, President John Mahama said on Thursday, marking the worst disaster to strike the West African country in more than a decade.Ar...

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