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WTI Plunges To $50 Handle After Crude Stocks Hit 2-Year Highs

Update: It appears the unexpected surge in crude inventories (glut) is trumping any claims from OPEC (or more specifically the Saudis) that supply can be tamped down to match lower demand concerns. WTI has plunged back to last week's l.....»»

Category: blogSource: zerohedgeJun 12th, 2019

Oil near 3-1/2 year highs as Saudi backs higher prices, U.S. stocks draw

SINGAPORE (Reuters) - Oil prices rose on Thursday to their highest in over three years as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for higher prices by continuing to withhold supplies......»»

Category: topSource: reutersApr 19th, 2018

Oil soars as Trump dumps Iran nuclear deal, dollar dips

LONDON (Reuters) - Crude oil prices hit 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar touched a new high for the year and world stocks held steady......»»

Category: topSource: reutersMay 9th, 2018

Oil prices soar after Trump dumps Iran nuclear deal

Crude oil prices hit 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar touched a new high for the year and world stocks held steady......»»

Category: topSource: moneycentralMay 9th, 2018

Oil prices soar after Trump dumps Iran nuclear deal

Crude oil prices hit 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar touched a new high for the year and world stocks held steady......»»

Category: topSource: moneycentralMay 9th, 2018

Asia stocks step back on tepid Wall Street, oil elevated

TOKYO (Reuters) - Asia stocks pulled back on Tuesday, after an uninspiring performance on Wall Street eclipsed support from U.S.-China trade optimism, while supply concerns kept crude oil prices near 3-1/2-year highs......»»

Category: topSource: reutersMay 14th, 2018

Stocks pressured as U.S.-China trade fight revives growth fears; oil elevated

Asia stocks struggled on Tuesday as the latest round of U.S.-China tariffs revived fears the trade dispute would knock global growth, while crude oil was elevated near four-year highs after Saudi Arabia and Russia ruled out immediate production increases......»»

Category: topSource: reutersSep 24th, 2018

Oil falls as Saudi and Russia quietly agree output rise, U.S. stocks swell

Oil prices on Thursday fell from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output......»»

Category: topSource: reutersOct 4th, 2018

Oil dips as Saudi and Russia quietly agree output rise, U.S. stocks swell

Oil prices on Thursday dipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output......»»

Category: topSource: reutersOct 4th, 2018

Oil slips as Saudi and Russia quietly agree output rise, US stocks swell

Oil prices on Thursday slipped from four-year highs reached the previous session, pressured by rising U.S. inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output......»»

Category: topSource: reutersOct 4th, 2018

US crude plunges 6 percent to 1-year low as stocks tank

Oil prices dropped sharply Tuesday, snapping a four-day winning streak amid concerns about rising global supplies as OPEC weighs a possible cut in production......»»

Category: topSource: moneycentralNov 20th, 2018

US crude plunges 6 percent to 1-year low as stocks tank

Oil prices dropped sharply Tuesday, snapping a four-day winning streak amid concerns about rising global supplies as OPEC weighs a possible cut in production......»»

Category: topSource: moneycentralNov 20th, 2018

Wednesday"s Market Minute: What To Watch For Today

As the 10-Year yield continues to slide from 7-year highs reached in October of 2018, stocks have stabilized and are only about 2% below all-tim.....»»

Category: blogSource: benzingaJun 12th, 2019

Wall Street Weekahead: Record-breaking rally leaving energy stocks behind

The stock market surge since the start of the year that has sent the benchmark S&P 500 index up to new record highs is leaving behind one sector that typically outperforms in an expanding economy: energy......»»

Category: topSource: reutersMay 3rd, 2019

Wall Street slips as energy shares weigh

U.S. stocks eased further from recent record highs on Thursday as investors digested comments from Fed Chairman Jerome Powell the previous day that dampened some investor hopes of an interest rate cut this year. Fred Katayama reports......»»

Category: videoSource: reutersMay 2nd, 2019

Wall Street eases as investors digest Fed comments

U.S. stocks eased further from recent record highs on Thursday as investors digested comments from Federal Reserve Chairman Jerome Powell the previous day that dampened some investor hopes of an interest rate cut this year......»»

Category: topSource: reutersMay 2nd, 2019

Is This a Market Melt-Up? Here Are Some Ways to Tell

Once again, stocks are hot. Following a drubbing late last year, benchmark indexes have been grinding higher as investors keep piling in, setting fresh all-time highs in the process. Is this another r........»»

Category: topSource: washpostApr 28th, 2019

World stocks rally, near U.S. record highs, oil gains

Global equity markets rallied on Tuesday as the U.S. Nasdaq and S&P 500 stock indexes marched toward record highs, while European energy shares posted their biggest daily gain since January as crude prices surged......»»

Category: topSource: reutersApr 23rd, 2019

Stocks splutter as oil races to near six-month high

Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher but largely failing to help the currencies of the main crude-oil producers......»»

Category: topSource: reutersApr 23rd, 2019

Oil races to near six-month highs on Iran sanctions, stocks rise

World oil prices jumped to near 6-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major crude producers......»»

Category: topSource: reutersApr 23rd, 2019

Asian stocks inch up but China falters; oil at 2019 highs

Stocks in Asia rose marginally on Tuesday as many markets reopened after the long Easter break, while oil jumped to its highest this year as the United States tightened sanctions on Iran......»»

Category: topSource: reutersApr 23rd, 2019