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Brent Crude

Oil at six-week high on Gulf of Mexico storm, Iran tensions

Oil prices hit a six-week high on Thursday as oil rigs in the Gulf of Mexico were evacuated ahead of a storm, while an incident with a British tanker in the Middle East highlighted tensions in the region.
Donald Trump and Xi Jinping

Markets rally after Donald Trump and Xi Jinping agree to resume talks

Stock markets have rallied after the US and China agreed to restart trade talks, easing fears over the escalation of a damaging dispute between the world's two biggest economies.

Oil prices jump over two percent as Saudi Arabia, Russia back supply cuts

Oil prices rose more than one dollar a barrel on Monday after Saudi Arabia, Russia and Iraq backed an extension of supply cuts for another six to nine months ahead of an OPEC meeting in Vienna.
US crude oil

Oil prices drop amid demand worries, but US-Iran tensions help

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.

Oil prices drop amid demand worries

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East, Reuters reported.

Oil rises towards $65 on fears of US attack on Iran

Oil prices rallied towards 65 dollars per barrel on fears of a U.S. military attack on Iran that would disrupt flows from the Middle East, which provides more than 20 per cent of the world’s oil output.

Angolan oil struggles to sell on demand fears, weak margins

Angola, a key provider of oil to China, has suffered its slowest trading month this year as poor refining margins, high freight rates and subdued demand amid the trade war between Beijing and Washington curbed its sales.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices rise after OPEC agrees to keep output cuts

Oil price hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that had helped boost prices this year.

Oil lifted toward $73 by real, threatened supply cuts

Oil edged higher toward 73 dollars a barrel on Friday, supported by real and threatened supply disruptions in the Middle East and heading for a weekly gain.

Oil hovers below 6-month high amid easing of supply concern

Oil prices slipped below six-month highs on Wednesday after signs that cushioned a rally based on fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.

Oil extends first-quarter gains on tight supply, economic optimism

Oil rose on Monday building on its largest first-quarter gains in nearly a decade as tight supply and positive signs for the global economy supported prices.
Pound Sterling

Pound falls after UK parliament rejects Brexit plan

The pound fell Friday after Britain’s parliament again rejected a proposed deal to withdraw from the European Union.
Pound

Pound rebounds above $1.32 on Brexit deal hopes

Sterling rallied above $1.32 on Tuesday on fresh hope that British Prime Minister Theresa May would avoid a chaotic no-deal Brexit, while global stock markets recovered.

Brexit delay request sends pound reeling

The pound fell sharply on Wednesday after British Prime Minister Theresa May announced it was seeking a delay to its exit from the European Union until June 30, while investors awaited the US Federal Reserve’s interest rate call.

Oil prices slide as economic outlook darkens, US supply surges

Oil prices dropped on Friday as clouds gathered over the global economy after the European Central Bank (ECB) warned overnight of continued weakness and fresh data showed Chinese exports and imports slumped last month.

Oil drops as China cuts economic growth target

Oil prices fell on Tuesday as China cut its 2019 economic growth target, dimming the outlook for fuel demand, although OPEC-led efforts to cut output still offered some support.
BP

London stocks jump on weak pound, strong BP profits

London’s stock market rallied Tuesday to a new two-month peak, supercharged by a Brexit-hit pound and energy giant BP’s surging annual profits, dealers said.
A trader laughs ahead of the closing bell on the floor of the New York Stock Exchange (NYSE) on February 1, 2019 in New York City. – Wall Street stocks concluded another strong week with a nearly flat session on Friday, February 1, 2019, pausing from a heady January following strong jobs data and mixed earnings. Analysts said the rally that had propelled stocks since late December and produced the Dow’s best January in 30 years was showing signs of fatigue. (Photo by Johannes EISELE / AFP)

Global stocks mostly rise after strong US jobs data

Global stocks mostly rose Friday following strong US jobs data, though Wall Street’s rally showed signs of fatigue after the Dow finished its best January in 30 years.

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