Gulf Times - US-crude
Oil slips further below $56, US inventory report awaited

Oil slips further below $56, US inventory report awaited

Oil slipped further below $56 a barrel on Wednesday as an industry report showing a large rise in US crude inventories signalled ample supply, even as Opec achieves record compliance with its supply-cut accord.

Oil rises as Opec-led output cuts trim oversupply

Oil rises as Opec-led output cuts trim oversupply

Oil rose on Tuesday, supported by an Opec-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude was 80 cents higher at $56.39 a barrel by 1425 GMT. US light crude was up 70 cents at $53.63.

Oil pushes higher on worries over new US sanctions on Iran

Oil pushes higher on worries over new US sanctions on Iran

Oil prices edged higher on Friday in response to the possibility of new sanctions on Iran after US President Donald Trump said "nothing is off the table" in response to its test launch of a missile.

Oil jumps as Opec cuts output, dollar dives

Oil jumps as Opec cuts output, dollar dives

Oil prices rose more than 1 percent on Tuesday after news that the world's top producers cut production this month more than forecasters had expected and as the dollar sank.

Oil prices fall as Iran crude tanker exports surge, US adds more rigs

Oil prices fall as Iran crude tanker exports surge, US adds more rigs

Oil prices fell on Monday as increased exports from Iran undermined efforts by other oil producers to curb a global fuel supply overhang and as US drillers increased activity for a 10th straight week.

Oil prices on track for greatest yearly percentage gain since 2009

Oil prices on track for greatest yearly percentage gain since 2009

Oil prices are on track for their biggest annual percentage gain since 2009 on the back of an agreement struck between Opec and non-Opec countries to cut crude production output.

Oil prices rise even as doubts remain on cut

Oil prices rise even as doubts remain on cut

Oil prices turned positive on Wednesday despite investor doubts that Opec will agree to a production cut large enough to make a significant dent in the global glut of crude.

Oil edges up higher in volatile trading

Oil edges up higher in volatile trading

Oil prices edged higher in volatile trading as the market weighed Russia's comments about a possible meeting with Saudi Arabia on possible output cuts against a bigger-than-expected US crude storage build.

Oil falls to three-month lows as gloom grows over OPEC

Oil falls to three-month lows as gloom grows over OPEC

Oil fell more than 2 percent to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances OPEC will reach a deal to cut output.

Oil prices rise as markets recover from Trump's victory shock

Oil prices rise as markets recover from Trump's victory shock

Oil prices reversed early losses to push higher on Thursday as markets recovered from their initial shock at US President-elect Donald Trump's surprise victory, although traders said that crude fundamentals remained weak.

Oil up over $50, US inventory drop balances OPEC doubts

Oil up over $50, US inventory drop balances OPEC doubts

Oil edged above $50 a barrel on Thursday as a further drop in US crude inventories countered investor doubts that OPEC will be able to implement a production cut.

Oil edges up on Indian imports, hopes of producer cut

Oil edges up on Indian imports, hopes of producer cut

Oil prices edged up on Wednesday, supported by record Indian crude imports and upcoming talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.