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US crude oil

Saudi Arabia’s production cut hikes oil prices

Oil prices climbed on Monday as the world’s biggest supplier Saudi Arabia announced plans to cut production, in the face of fears of oversupply.

Oil price rises to $73 a barrel

Oil rebounded to $73 a barrel on Wednesday after falling to its lowest since August, supported by a report that Russia and Saudi Arabia are discussing oil output cuts in 2019.
Traders work on the floor of the New York Stock Exchange where the Dow Jones Industrial

Global markets misery as Dow Jones’ 2018 gains are erased

Asian and European stock markets have tumbled after US values returned to levels not seen since the start of the year.
A pedestrian walks past a stock indicator board for the Tokyo Stock Exchange being displayed in a window of a securities company in Tokyo on October 1, 2018. - Japanese shares powered to a new 27-year high on October 1 after the US and Canada clinched a long-awaited trade deal, but other Asian equity markets struggled in subdued holiday trading. (Photo by Martin BUREAU / AFP)

Asia stocks struggle as global woes persist

Asian stocks edged lower on Wednesday as concerns, ranging from worries about U.S. corporate earnings to Middle East tensions, weighed on sentiment while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.

Oil still above $80 as Asia shares rally

Asian share markets was black on Monday as the promise of more stimulus boosted Chinese stocks for a second session and helped offset geopolitical concerns over Saudi Arabia, Italy and Brexit.

Oil prices dip amid expectations of higher US inventories

Oil prices dipped on Tuesday amid expectations of an increase in U.S. crude inventories, but signs of a fall in Iranian oil exports this month kept losses in check.

Oil prices dip amid US inventory data concerns

Oil prices slumped to more than two-week lows yesterday, as global stock markets fell, with investor sentiment made more bearish by the United States government data that showed domestic crude inventories rose more than expected last week.
Secretary-General of OPEC, Mr. Mohammed Barkindo

OPEC: Factors beyond producers’ control are impacting oil market

OPEC Secretary-General, Mohammad Barkindo, said on Thursday that there are many non-fundamental factors influencing the oil market that are beyond oil producers’ control.

IMF warns Nigeria not to delay reforms over high oil prices

The International Monetary Fund (IMF) has warned Nigeria and other oil exporting nations in dire need of structural reforms not to be tempted to delay the exercise due to the current higher oil prices.

Oil prices rise as Iran’s crude exports fall

Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC’s third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico due to Hurricane Michael.
Dollar

Dollar rally moves to Asia after US data but stocks tumble

The dollar continued to brush aside other currencies Thursday after further proof of the booming US economy sent Treasury yields surging, but Asian equities sank with more Federal Reserve rate hikes looking certain.

Oil prices rise towards $90 as Iran sanctions loom

Oil traded above 85 dollars a barrel on Wednesday, supported by expectations that U.S. sanctions on Iran will tighten supply and strain the ability of Saudi Arabia and other producers to pump more.

Iran’s supply shortfall jacks up oil prices

Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter Iran come into force in just five weeks’ time.

Oil price rises as markets tighten ahead of Iran sanctions

Oil prices rose on Monday as U.S. markets tightened just weeks ahead of Washington’s plan to impose new sanctions against Iran.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil price up as Donald Trump calls OPEC to lower prices

Oil prices were mixed on Friday after falling in the previous session as US President Donald Trump urged the Organisation of Petroleum Exporting Countries to lower crude prices ahead of its meeting in Algeria this weekend.
A man walks past a stock indicator showing share prices on the Tokyo Stock Exchange in Tokyo on July 13, 2018. Tokyo stocks opened higher on July 13 helped by a cheaper yen and rebounds on US markets. - AFP PHOTO - Kazuhiro NOGI

Markets hit by fears of fresh Donald Trump tariffs on China

Asian markets sank on Monday following reports that Donald Trump is planning to hit China with another round of tariffs, dealing a blow to hopes for talks between the two economic giants.
Pedestrians walk past the electronics stock indicator at the window of a security company in Tokyo on March 2, 2018. Tokyo stocks opened lower on March 2, taking a negative lead from Wall Street where shares tumbled after President Donald Trump vowed to enact steep tariffs on steel and aluminium imports, reviving fears of a trade war. / AFP PHOTO / Toshifumi KITAMURA

Asian markets sink on fresh trade fears after Donald Trump remarks

Hong Kong and Shanghai led a broad sell-off across most Asian markets Monday after Donald Trump threatened to impose tariffs on all Chinese imports, ramping up fears of an all-out trade war between the world's top two economies.

Oil approximately $74 on report of US inventory drop, Iran sanctions

Brent oil rose to approximately 74 dollars a barrel on Wednesday as an industry report showing a drop in U.S. crude inventories and U.S. sanctions on OPEC producer, Iran, pointed to tighter supplies.

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