Gareth Nicholson of Bank of Singapore says "a lot of the blame" for movements in the oil market needs to be put on the U.S. because Washington put pressure on OPEC countries to keep production levels up.
*Russia wants to steer clear of OPEC- led oil output cut sources. NEW YORK, Nov 15- Oil futures rose more than 1 percent on Thursday, steadying after this week's steep losses as fuel stockpile declines in the United States helped offset concerns about a potentially oversupplied market next year. Brent crude futures gained $1.17, or 1.8 percent, to $67.29 a barrel, by...
Jeff Mower of S&P Global Platts says the oil market could continue to be supported, in part due to the fact that Iranian production is expected to decline.
LONDON, Nov 14- Oil rose on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. Prices rallied towards $67 after Reuters reported OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels per day, a larger figure...
OIL PRICES EXTEND GAINS; U.S., BRENT CRUDE RISE BY MORE THAN $1 TO SESSION HIGHS.
LONDON, Nov 14- Oil rose on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. Prices rallied towards $67 earlier in the session after Reuters reported OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels...
LONDON, Nov 14- Oil rose on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. Prices rallied towards $67 earlier in the session after Reuters reported OPEC and its partners are discussing a proposal to cut output by up to 1.4 million barrels...
LONDON, Nov 14- Oil rose towards $67 a barrel on Wednesday, recouping some of the previous session's slide, on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market. Crude rallied after three sources familiar with the issue said OPEC and its partners are discussing a proposal to cut output by up to 1.4 million...
*Japan, German economies contracted in Q3. West Texas Intermediate crude oil futures were at $55.52 per barrel at 0732 GMT, down 17 cents, or 0.3 percent, from their last settlement. "Crude oil futures succumbed to overwhelmingly bearish pressure amidst... weaker market fundamentals," said Benjamin Lu, analyst at brokerage Phillip Futures in Singapore.
SINGAPORE, Nov 14- Oil markets fell again on Wednesday, extending losses from a 7 percent plunge the previous session as surging supply and the spectre of faltering demand scared off investors. West Texas Intermediate crude oil futures were at $55.26 per barrel at 0600 GMT, down 43 cents, or 0.8 percent, from their last settlement. Reuters' technical commodity...
*China& India car sales: https://tmsnrt.rs/2DkWvPW. But with unexpectedly broad exemptions granted by Washington that allow Asia's main oil consumers to continue buying crude from Iran, the overall supply drop has not materialised. That surge has so far been met by healthy demand, not only in Asia's main emerging economies of China and India, but also in the...
TOKYO, Nov 14- Oil prices struggled for traction on Wednesday after sinking on worries about weakening world demand and oversupply, while global shares sagged with slowing growth concerns overshadowing potential positives such as progress in the Brexit saga. Brent had soared to a four-year high of $86.74 early in October as the market braced for U.S....
SINGAPORE, Nov 14- Oil markets struggled to find their footing on Wednesday after plunging by 7 percent the previous session, with surging supply and the spectre of faltering demand keeping investors on edge. West Texas Intermediate crude oil futures were at $55.54 per barrel at 0159 GMT, down 15 cents from their last settlement. International benchmark Brent...
Todd Horwitz of Bubba Trading says he sees oil prices falling below $50 a barrel in the first quarter of 2019.
BRENT CRUDE FALLS MORE THAN 5 PERCENT TO LOWEST SINCE MARCH AT $66.43 A BARREL.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
CRUDE FUTURES EXTEND LOSSES, BRENT DOWN BY MORE THAN $3 TO $67.08 A BARREL.
*Trump says OPEC should not cut production. LONDON, Nov 13- Oil prices fell more than 1 percent on Tuesday, with benchmark Brent crude slipping below $70 per barrel and U.S. crude under $60, after U.S. "Sky-high production in the U.S., coupled with incremental barrels coming from Saudi Arabia and Russia, is starting to impact oil market balances," Bank of America Merrill...
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