05012016Sun
Last update: Sun, 01 May 2016 09am

Asia

Markets - Energy - Asia

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia on Thursday as dealers focused on positive signs in a US supply report while tracking the crisis in Yemen, analysts said.US benchmark West Texas Intermediate gained nine cents to $56.25 while Brent crude fell two cents to $62.71 in late-morning trade."We...remain bullish on oil and this hinges on the US crude inventories," said Daniel Ang, investment analyst at Phillip Futures in Singapore.US commercial crude reserves in the period ending April 17 rose for the 15th straight week, adding 5.3 million barrels, the Department of Energy said Wednesday.It said the increase lifts US oil supplies to the highest level on record. However, production slipped by 18,000 barrels a day, following a 20,000 barrel drop in the previous week.Dealers are hoping a slowdown in US shale output could alleviate a global crude oversupply, which led to a collapse in prices of more than 50 percent ...

Markets - Energy - Asia

Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asia on Tuesday as dealers weighed China's fresh monetary stimulus against a supply glut in the United States, analysts said. US benchmark West Texas Intermediate for May delivery declined four cents to $56.34 while Brent crude for June fell 11 cents to $63.34 in afternoon trade."The oil market is being pushed in two directions with the stimulus action by China going against the oversupply situation of crude in the United ...

Markets - Energy - Asia

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday, retaining support from a surprisingly upbeat US supply report a day earlier, analysts said. US benchmark West Texas Intermediate (WTI) for May delivery gained six cents to $56.45 while Brent crude for June slipped 14 cents to $63.18 in afternoon trade. On Wednesday WTI jumped $3.10 to $56.39, its highest closing price since December 23, while Brent crude for May shot up $1.89 to $60.32 on its ...

Markets - Energy - Asia

Oil prices rise in Asian trade SINGAPORE: Oil prices rose in Asia Monday, fuelled by sustained unrest in the crude-rich Middle East, while also gaining support on hopes that declining US production will ease a global supply glut, analysts said. US benchmark West Texas Intermediate for May delivery gained 68 cents to $56.42 while Brent crude for June gained 70 cents to $64.15 in afternoon trade. "Escalating conflicts in Yemen, a drop in the US rig count and weak US inventory ...

Markets - Energy - Asia

Asia-Pacific Crude-Russian grades supported SINGAPORE: Russian Pacific grades were supported in the Asia-Pacific crude market on Wednesday by strong refinery demand and tighter supply of alternative Middle East grades.Spot differentials for Russia's Sokol crude held steady from last month, after Rosneft sold three June-loading cargoes at around $4 a barrel above Dubai quotes in a tender, traders said.Vitol and Lukoil bought a Sokol cargo each loading June 10-19 and June 21-30 at a premium of slightly above $4 a ...