All
 

 

Just in:  

You are here: Home

Europe

Archive

Oil prices surge after Saudi air strikes in Yemen LONDON: Brent crude oil soared more than 4 percent towards $59 a barrel on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, which sits on a key shipping passage between Europe and the Arab Gulf.The air strikes against Houthi rebels, who have driven the president from Yemen's capital Sanaa, could stoke concerns about the security of Middle East oil shipments.Brent futures were up $2.32 at $58.80 by 1120 GMT. U.S. crude was up $2.10 at $51.31 a barrel.Brent and U.S. crude prices spiked around 6 percent earlier in the session but pared gains in European trading."Geopolitical risk like this has been on the back burner for a while because we've been focussing on global oversupply," said Ole Hansen, head of commodity strategy at Saxo Bank."This news has not made the oversupply go away. The upside potential is limited unless something escalates. We need ...
WEST Africa Crude-Angolan loadings rise further in May LONDON: Angolan crude oil loadings look more ample in May, adding to a well supplied market and potentially weighing on differentials, traders said on Wednesday. The loading programme for Saturno crude emerged on Wednesday after being delayed, bringing total exports in May to about 1.80 million barrels per day, up from April. "Refining margins look good on paper, but maintenance is taking a bit of demand away," said a trader. Some Angolan grades have sold ...
Brent oil rises as euro gains against dollar LONDON: Brent oil prices rose on Wednesday as the euro strengthened against the dollar following a boost in business morale in the euro zone's top two economies.The euro was up 0.6 percent against the dollar, the currency in which crude oil futures trade. The dollar lost 0.5 percent against a basket of currencies, making dollar-traded commodities more attractive for holders of other currencies.Brent crude oil was up 74 cents at $55.85 a barrel by 1236 ...
Oil prices rise despite jump in US stockpiles LONDON: World oil prices advanced Wednesday despite news of a stronger-than-expected increase in crude inventories in the United States, analysts said.US benchmark West Texas Intermediate for delivery in May rose 86 cents to $48.37 a barrel compared with Tuesday's close.Brent North Sea crude for May added 87 cents to $55.98 in London late afternoon deals.The US government's Department of Energy (DoE) announced that commercial crude reserves rallied 8.2 million barrels in the week to March ...
Brent oil pares gains on record high US inventory LONDON: Brent oil prices pared gains sharply on Wednesday after data showed U.S. crude stocks jumped to a new record last week, overshadowing weakness in the dollar.The U.S. Energy Information Administration said U.S. crude stocks jumped by 8.2 million barrels in the week to Friday, the highest in at least 80 years and surpassing expectations of a 5.1 million barrel build.Crude stocks at Cushing, Oklahoma, delivery point of the U.S. crude contract rose by 1.9 ...

 





New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk