OIL PRICES EXTEND LOSSES, BRENT FALLS BY MORE THAN $2 TO SESSION LOW OF $60.72 A BARREL.
*China's 2018 crude runs hit record 12.1 mln bpd. LONDON, Jan 21- Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China's economic growth is cooling and instead latched on to positive supply-side drivers for the market. Brent crude oil futures were up 12 cents at $62.83 a barrel by 3:23 p.m. EST versus Friday's...
*China's 2018 crude runs hit record 12.1 mln bpd. LONDON, Jan 21- Oil prices edged up on Monday, reversing earlier losses, as investors shrugged off data that confirmed China's slowing economy and instead latched on to positive supply-side drivers for the market. Brent crude oil futures were up 12 cents at $62.82 a barrel by 12:27 p.m. EST, while U.S. crude futures...
*China's 2018 crude runs hit record 12.1 mln bpd. Brent crude oil futures were down 13 cents at $62.57 a barrel by 1207 GMT, while U.S. crude futures lost 10 cents at $53.70 a barrel. China's 2018 economic growth slowed to the weakest in 28 years, data showed, at 6.6 percent versus 6.8 percent in 2017..
*OPEC cut output sharply in December. Brent crude oil futures were down 14 cents to 61.19 a barrel by 2:04 p.m. EST. OPEC, however, said it cut oil output sharply in December before a new accord to limit supply took effect, suggesting that producers have made a strong start to averting a glut in 2019 as a slowing economy curbs demand.
Scott Nations of NationsShares and Brain Stutland of Equity Armor Investments discuss the uncertainty in crude oil with CNBC's Eric Chemi.
BRENT CRUDE OIL FUTURES FALL 2 PERCENT ON THE DAY TO $60.08 A BARREL, IN LINE WITH SLIDE IN WTI.
LONDON, Jan 17- Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day amid worries about weakening demand, particularly in light of the trade dispute between the United States and China. Brent crude oil futures were down 44 cents at $60.88 a barrel by 1035 GMT, while U.S. crude futures fell by 53 cents to $51.78 a...
Victor Shum of IHS Markit says he expects a deceleration in global economic growth, but not to the extent of causing "demand destruction" in the oil market.
*U.S. to become net fuel exporter in 2020- Julius Baer. *OPEC leads efforts to cut supply to rein in glut. West Texas Intermediate crude futures were at $52 per barrel at 0140 GMT, down 31 cents, or 0.6 percent, from their last settlement.
*Surging U.S. stocks may undermine OPEC efforts. NEW YORK, Jan 16- Oil prices edged lower on Wednesday after data showed growing U.S. refined product inventories and record crude production, which could undermine global efforts to support prices. Brent crude futures fell 44 cents, or 0.7 percent, to $60.20 a barrel by 11:03 a.m. EST.
*Signs of economic slowdown in Asia, U.S. and Europe. *Surging U.S. production could erode OPEC efforts. SINGAPORE, Jan 16- Oil prices were steady on Wednesday as signs of a global economic slowdown were countered by OPEC- led supply cuts which helped support Brent crude futures above $60 per barrel.
*Surging U.S. production could erode OPEC efforts. SYDNEY/ SINGAPORE, Jan 16- Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC- led supply cuts helped support Brent crude above $60 per barrel. Adding to the trade woes, the U.S. economy is taking a larger-than-expected hit from a partial government shutdown, White House...
West Texas Intermediate crude futures were at $51.82 per barrel at 0024 GMT, down 29 cents, or 0.5 percent, from their last settlement. Oil prices jumped around 3 percent on Tuesday when China's National Development and Reform Commission signalled a willingness to offer more fiscal stimulus following weaker-than-expected trade figures earlier in the week.
*China reports weakest import/export data since 2016. SINGAPORE, Jan 14- Brent crude oil prices fell below $60 per barrel on Monday after Chinese data showed weakening imports and exports in the world's biggest trading nation. Ole Hansen, head of commodity strategy at Denmark's Saxo Bank, said "the deterioration seen recently in forward-looking economic data...
SINGAPORE, Jan 14- Oil prices edged up on Monday, supported by ongoing supply cuts from producer club OPEC and Russia and by a drop in U.S. drilling activity. International Brent crude oil futures were at $60.75 per barrel at 0040 GMT, up 27 cents, or 0.5 percent, from their last close. Economic research firm TS Lombard said oil "prices are likely to stabilize around...
OPEC Secretary General Mohammed Barkindo says the cycle that the oil industry has just been through shows that what is good for OPEC is also good for the United States.
Vasu Menon of OCBC Bank says oil prices could hover around $60 to $65 per barrel in the next 12 months because he expects a "supply response" from OPEC.
*Iran oil exports set to rise amid sanction waivers. SINGAPORE, Jan 11- Oil prices slipped on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-U.S. trade conflict, although OPEC- led production cuts bolstered sentiment in crude markets. International Brent crude futures were at $61.22 per...
SINGAPORE, Jan 11- U.S. oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-U.S. trade conflict, although OPEC- led production cuts bolstered sentiment in crude markets. West Texas Intermediate crude futures had slipped 23 cents, or 0.4 percent, from their last...
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