DUBAI, United Arab Emirates — Abu Dhabi’s move to launch its Murban oil futures contract this month will strengthen its position as a global oil power, but challenges over adoption remain, according to leading experts and analysts. The Abu Dhabi National Oil Company has confirmed that...
Oil declined in New York after an industry report showed U.S. crude stockpiles rose last week amid a spate of refinery outages from the country’s recent cold snap. The industry-funded American Petroleum Institute was said to report a 1.03 million-barrel build in domestic oil inventories, compared...
Oil prices hovered near 13-month highs on Tuesday, supported by a cold snap that shut wells in the biggest U.S. producing state Texas, although gains were capped by a wage deal in Norway that averted supply disruptions in Europe. The global rollout of coronavirus vaccinations, fuelling...
Shares in Australia and Japan struggled for gains on Friday where trading volume was relatively low as many markets in the region are closed for the start of the Lunar New Year holiday. In Australia, the benchmark ASX 200 dropped 0.63% to 6,806.70, with the financials,...
Oil declined following a slide in broader financial markets, even after the biggest draw in U.S. crude stockpiles in six months. Futures in New York slid 0.7% as negative sentiment rippled through markets after the Federal Reserve indicated that the central bank was nowhere near exiting...
Stocks in Asia declined in Tuesday morning trade as major indexes on Wall Street saw fresh closing highs overnight. In Japan, the Nikkei 225 slipped 0.65% in morning trade while the Topix index was 0.5% lower. Minutes from the Bank of Japan’s December monetary policy meeting showed...
-Oil was down on Monday morning in Asia, after seeing its biggest slump in almost four weeks on a combination of a stronger dollar, weak U.S. economic data and the ever-surging number of global COVID-19 cases. Brent oil futures were down 0.55% to $54.54 by 8:33...
Oil prices edged higher on Friday, hovering near 11-month highs hit the previous day, as Saudi Arabia’s pledge to make voluntary cuts to its output continued to buoy the mood in the market though worries over slower fuel demand capped gains. Brent crude climbed 2 cents...
Oil rose on Tuesday, for the third time in four sessions, on expectations for rising fuel demand as the United States may expand their pandemic aid payments and a final Brexit deal is set to stabilize trade between Europe and the UK. Brent crude futures climbed...
European stock markets are seen opening largely lower Tuesday, as worries about increasing Covid-related lockdowns overshadowed optimism about the rollout of coronavirus vaccinations. At 2:05 AM ET (0705 GMT), the DAX futures contract in Germany traded flat, CAC 40 futures in France dropped 0.4% and the...
