Gulf Times - West-Texas-Intermediate
Oil price rises 2% ahead of producers' compliance meeting

Oil price rises 2% ahead of producers' compliance meeting

Oil prices edged up for a second day on Friday on expectations that a weekend meeting of the world's top oil producers would demonstrate compliance to a global output cut deal, but a larger than expected rise in weekly US crude stocks capped gains.

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 fall over output cut doubts

Oil prices fall over output cut doubts

Oil prices fell on Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply that has dogged markets for over two years.

Oil surges above $50 for the first time since June

Oil surges above $50 for the first time since June

US oil futures held above $50 per barrel on Friday as the entire crude forward curve pushed above that level in a sign that financial markets have increasing confidence in the sector.

Output freeze catapults oil to 4-month high

Output freeze catapults oil to 4-month high

Brent oil futures touched a four-month high on Tuesday as investor confidence grew in last week's deal by oil producers to freeze output levels in order to stem a two-year price rout.

Oil prices rebound after Algeria says all options open

Oil prices rebound after Algeria says all options open

Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers.

Oil prices drop on returning Libya, Nigeria supplies

Oil prices drop on returning Libya, Nigeria supplies

Oil prices fell on Friday on worries that US rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut.

Oil prices dip on stronger dollar, Iran output fear

Oil prices dip on stronger dollar, Iran output fear

Oil prices extended losses in Asia Wednesday on the back of a strong dollar while reported comments by Iran's oil minister that his country planned to boost output ramped up oversupply worries.

Oil prices down on profit-taking

Oil prices down on profit-taking

Oil prices fell in Asia on profit-taking Friday following two days of gains, with concerns about a global oversupply keeping optimism in check.

Oil prices down as Turkey fears ease, glut woes return

Oil prices down as Turkey fears ease, glut woes return

Oil prices extended their decline in Asia Tuesday as the global glut returned to focus, while worries about the effects of Turkey's coup on shipments also eased.

Oil prices up in Asia after strong US, China data

Oil prices up in Asia after strong US, China data

Oil prices extended their rise in Asia Monday as robust economic data from the United States and China fuelled hopes of a pick-up in demand from the world's top two economies.

Oil falls on stronger dollar; high refinery demand lends support

Oil falls on stronger dollar; high refinery demand lends support

Oil prices fell on Friday, as a stronger dollar pulled crude off the 2016 highs hit this week, although strong refinery demand and global supply disruptions lent some support.