Brent crude rose above a key support level of $50 recovering from multi-month lows, as investors await US oil inventories data to gauge supply.» Read More
LONDON, May 25- Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. The market drew support from figures showing strong demand across Asia and...
LONDON, May 25- Crude oil futures edged lower towards $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping trading muted. Front-month Brent crude shed 17 cents to $65.20 a barrel by 1052 GMT. U.S. crude was down 35 cents at $59.37 a barrel.
Iraq's Kurdistan region will sell its oil independently of Baghdad if the national government does not pay the money it owes, the president of the Kurdistan Regional Government told CNBC.
LONDON, May 25- Crude oil futures dipped below $65 a barrel as the dollar strengthened on Monday, with a public holiday in the United States and much of Europe keeping oil trading volumes muted. Front-month Brent crude fell 62 cents to $64.75 a barrel by 0828 GMT. U.S. crude was down 46 cents at $59.26 a barrel.
Neil Atkinson, head of analysis at Lloyd's List Intelligence, says its difficult to see the upside for the oil price which is likely to stay around $65 per barrel.
For oil markets right now, a return of Iranian supply is a bigger worry than geopolitical risks, says Victor Shum, VP at IHS Energy Insight.
Nigeria's leading cellphone provider warns it needs diesel to prevent shutting down services countrywide.
The change from a supply to a demand story in the crude oil market is driven by China, says Alejandro Barbajosa, VP, Crude Middle East & Asia-Pacific at Argus Media.
SINGAPORE, May 25- Crude oil futures edged up on Monday, buoyed by healthy Asian appetite and demand from the U.S. driving season. Front-month Brent crude prices had gained 2 cents to $65.39 per barrel by 0312 GMT. Japan's customs-cleared crude oil imports rose 9.1 percent to 3.62 million barrels per day in April from the same month a year earlier, the Ministry of...
Crude oil futures edged lower towards $65 as the dollar strengthened, with a public holiday in the U.S. and much of Europe keeping trading muted.
Front-month Brent crude prices were up 6 cents at $65.43 per barrel at 0045 GMT. U.S. crude prices were also up 6 cents at $59.78 a barrel. Japan's customs-cleared crude oil imports rose 9.1 percent to 3.62 million barrels per day in April from the same month a year earlier, the Ministry of Finance said on Monday.
Alvin Liew, senior economist at UOB, attributes the wider-than-expected decline in Japan's April import volumes to the plunge in oil prices from a year ago period.
SINGAPORE, May 25- U.S. crude futures rose in early Asian trading on Monday as high demand at the start of the North American driving season pushed up domestic markets, while international benchmarks were supported by firm Asian consumption and Middle East fighting. "Prices could be buoyed this week as markets focus on rising demand and geopolitical tensions... in...
CNBC's Mandy Drury looks ahead to what are likely to be next week's top business and financial stories. The Memorial Day weekend is a big weekend for car sales. The Code conference begins. And luxury earnings are on tap.
NEW YORK, May 22- Oil fell more than 1 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices. Drillers cut the number of U.S. oil rigs in operation by just one this week, the strongest sign yet that a nearly six-month slump in activity was ending, data from oil services firm Baker Hughes...
*Coming up: Baker Hughes rig count at 1700 GMT. NEW YORK, May 22- Oil fell more than 1 percent on Friday as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day run-up in crude prices. U.S. crude was down 95 cents at $59.77 a barrel by 11:45 a.m. EDT.
AAA expects a 10-year high for Memorial Day weekend travel.
*Islamic State advances in Iraq, Syria raise supply worries. LONDON, May 22- Oil prices slipped on Friday as worries over the impact of war in the Middle East on crude supplies were outweighed by reports of profit-taking ahead of a long weekend. "No one wants to hold open positions ahead of a long weekend so books are being squared, bringing some consolidation," said...
Nathan Lump, Travel + Leisure editor, discusses tourism potential in Cuba, and summer travel deals abroad.
The drastic fall in oil prices is widely thought to have hit the Gulf's main producers, but this CEO says the opposite is true.