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Oil prices rose to more than three-year highs on Thursday as falling U.S. crude stocks and rising gasoline demand boosted a market already supported by geopolitical tension. » Read More
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*Canadian dollar at C $1.2604, or 79.34 U.S. cents. The price of oil, one of Canada's major exports, rose to its highest since late 2014 as U.S. crude inventories declined and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher. The loonie hit on Wednesday its lowest since April 10 at C $1.2660 after the Bank of Canada left interest...
*Saudi Arabia seen seeking oil price of $80- $100 a barrel. LONDON, April 19- Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher. Brent crude futures reached $74.74 a barrel, the highest since Nov....
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Nigerian President Muhammadu Buhari met with Shell on Wednesday as part of talks he said were to secure $15 billion of investment in his country.
April 19- U.S. stock index futures edged lower on Thursday, as the effect of higher oil prices was offset by declines in chipmakers, following a weak forecast from Taiwan Semiconductor, the world's largest contract chipmaker. Brokerage Mizuho Securities USA said weak demand for iPhone 8 models could dent the company's third-quarter forecast.
*Wall Street digesting Blackstone earnings drop. LONDON, April 19- Talk that Saudi Arabia has its sights on $80- $100 a barrel oil again and of more U.S. sanctions on Russia ignited a rally in commodities and resource stocks on Thursday, though the potential boost to inflation hit fixed-income assets. The surge came on a Reuters report that OPEC's new price hawk...
*Saudi Arabia seen seeking oil price of $80- $100 a barrel. LONDON, April 19- Oil prices kept rising to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher. Brent crude futures reached $74.73 a barrel, the highest since Nov....
April 19- U.S. stock index futures edged lower on Thursday, as the effect of higher oil prices was offset by declines in chipmakers, following a weak forecast from Taiwan Semiconductor, the world's largest contract chipmaker. Brokerage Mizuho Securities USA said weak demand for iPhone 8 models could dent the company's third-quarter forecast.
*Saudi Arabia seen seeking oil price of $80- $100 a barrel. LONDON, April 19- Oil prices rose on Thursday to their highest since late 2014 as U.S. crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push oil prices higher. Brent crude futures rallied as high as $74.44 a barrel, the...
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John Kilduff, Again Capital founding partner, provides insight to what's likely driving up the price of oil.
A sudden upswing in crude futures could be enough to fast-track the energy market's next crisis, one economist told CNBC on Thursday.
Mohammed Bin Mahfoodh Alardhi, executive chairman of Investcorp, speaks about diversifying the economies of the Middle East away from oil.
LONDON, April 19- Talk that Saudi Arabia has its sights on $80- $100 a barrel oil again ignited a fierce rally in commodities and resource stocks on Thursday, though the potential boost to inflation globally put some pressure on fixed-income assets. The surge came on a Reuters report that OPEC's new price hawk Saudi Arabia would be happy for crude to rise to $80 or...
*Saudi Arabia seen seeking oil price of $80- $100 per barrel. Brent crude oil futures rallied as high as $74.44 a barrel, the strongest since Nov. 27, 2014, the day that OPEC decided to pump as much as it could to defend market share, sending the price to a low of $27 just over a year later. "Oil prices continued to climb on Thursday as a decline in U.S. crude inventories and...
April 19- Hong Kong stocks ended higher on Thursday, led by energy shares, after oil prices hit their highest since late 2014 as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for higher rates by continuing to withhold supplies. **Energy shares jumped over 4 percent in Hong Kong after a Reuters report that OPEC's new price hawk Saudi Arabia...
*Saudi Arabia seen seeking oil price of $80- $100 per barrel. SINGAPORE, April 19- 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. Brent crude oil futures rallied as high as $74.02 a barrel, the strongest since Nov. 27, 2014,...
SYDNEY, April 19- Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014 and ignited a rally across commodities, though the potential boost to inflation globally also put some pressure on fixed-income assets. The surge came on a Reuters report that OPEC's new price hawk Saudi Arabia would be happy for crude to rise to...
Britain's FTSE 100 rose 0.3 percent to 7,335.40 and France's CAC 40 edged 0.1 percent higher to 5,387.97. ASIAN SCORECARD: Japan's benchmark Nikkei 225 index rose 0.2 percent to 22,2191.18 and South Korea's Kospi added 0.3 percent to 2,486.10. Hong Kong's Hang Seng jumped 1.4 percent to 30,708.44 and the Shanghai Composite in mainland China gained 0.8...
*Saudi Arabia seen seeking oil price of $80- $100 per barrel. SINGAPORE, April 19- Oil prices rose on Thursday to their highest since the end of 2014 as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for higher prices by continuing to withhold supplies. Brent crude oil futures rose to as much as $74.02 a barrel, the highest since Nov. 27, 2014, and...
SYDNEY, April 19- Resource stocks were on a roll in Asia on Thursday as oil prices hit heights not seen since late 2014 and ignited a rally across commodities, though the potential boost to inflation globally also put some pressure on fixed-income assets. The surge came on a Reuters report that OPEC's new price hawk Saudi Arabia would be happy for crude to rise to...
