NEW YORK, Nov 20- Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth. West Texas Intermediate crude futures were down $3.90, or 6.8 percent, at $53.30 per barrel by 2:01 p.m. EST.
NEW YORK, Nov 20- Oil prices tumbled more than 7 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught in Wall Street's broader selloff fed by growing concerns about slowing global growth. West Texas Intermediate crude futures were down $4.24, or 7.4 percent, at $52.96 per barrel by 1:27 p.m. EST. Brent crude futures were $4.77, or 7.1 percent,...
In a lengthy statement, punctuated with eight exclamation points, Trump said that while "we may never know all of the facts surrounding" Khashoggi's death, "our relationship is with the Kingdom of Saudi Arabia."
NEW YORK, Nov 20- Oil prices fell about 4 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught up in Wall Street's broader selloff fed by growing concerns about slowing global growth. West Texas Intermediate crude futures were at $54.72 per barrel, down $2.48, or 4.3 percent by 11:14 a.m. EST. Brent crude futures were $2.72, or 4.1 percent,...
U.S. CRUDE FUTURES FALL TO LOWEST SINCE OCTOBER 2017.
U.S. CRUDE FUTURES FALL TO LOWEST SINCE NOVEMBER 2017.
CRUDE FUTURES FALL BY MORE THAN 5 PERCENT TO SESSION LOW OF $54.27 A BARREL.
Libya's output has skyrocketed to its highest level in more than five years, reaching 1.28 million barrels per day by November, more than double its June production.
*OPEC, allies meet on Dec. 6 to discuss supply cuts. LONDON, Nov 20- Oil prices dropped sharply on Tuesday, snapping a four-day winning streak amid concerns about rising global supplies as OPEC weighs a possible cut in production. Brent crude futures, the international benchmark for oil prices, were at $65.62 a barrel at 1342 GMT, down $1.17, or 1.77 percent, from their...
BRENT CRUDE OIL FUTURES EXTEND LOSSES, FALL $1.18 TO $65.61 A BARREL.
*OPEC, allies meet on Dec. 6 to discuss supply cuts. LONDON, Nov 20- Benchmark oil prices fell on Tuesday, set to snap a four-day winning streak amid concerns about rising global supplies as OPEC weighs production cuts. Brent crude futures, the international benchmark for oil prices, were at $66.07 a barrel at 1016 GMT, down 72 cents, or 1.08 percent, from their last close.
*OPEC, allies to meet on Dec. 6 to discuss supply cuts. SINGAPORE, Nov 20- Oil fell on Tuesday, folding under the weight of a broad stock market sell-off that undercut support to prices earlier in the day from expectations that OPEC will introduce new output curbs. Brent crude oil futures, the international benchmark for oil prices, were at $66.37 a barrel at 0752 GMT,...
*OPEC, allies to meet on Dec. 6 to discuss supply cuts. SINGAPORE, Nov 20- Oil markets lost steam on Tuesday as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries. Brent crude oil futures, the international benchmark for oil prices, were at $66.43 a barrel at 0608 GMT,...
*OPEC, allies to meet on Dec. 6 to discuss supply cuts. SINGAPORE, Nov 20- Oil markets lost steam on Tuesday, giving back earlier gains, as a deteriorating economic outlook and a surge in U.S. production outweighed expected supply cuts by the Organization of the Petroleum Exporting Countries. Brent crude oil futures, the international benchmark for oil prices, were at...
Oil fell on Tuesday, folding under the weight of a broad stock market sell-off that undercut support to prices earlier in the day from expectations that OPEC will introduce new output curbs.
NBC News and the Washington Post reported over the weekend that the CIA believes Saudi Crown Prince Mohammed bin Salman ordered the killing of journalist Jamal Khashoggi.
Citing falling oil prices, Rainer Michael Preiss of Taurus Wealth Advisors says the market "increasingly" seems to be implying "further weakness" in the global economy.
*OPEC expected to cut supply to prevent glut. *Russia says it will discuss deal with OPEC on Dec. 6. NEW YORK, Nov 19- Crude futures rose ahead of settlement in choppy trade on Monday, supported by a reported drawdown of U.S. oil inventories, potential European Union sanctions on Iran and possible OPEC production cuts.
CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.
U.S. crude is more likely to rise from the mid-$50s into the mid-$60s, rather than continue a slide that began at the start of last month, Mark Fisher says.
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