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Dhaka Friday,  May 26, 2017

Petroleum

aoil-prices-turne Oil prices turned lower in pre- holiday trading Monday, but retained support from bullish US economic data that have raised hopes of resurgent demand in the world’s top crude consumer, analysts said. New York’s main contract, West Texas Intermediate for February delivery, was down 10 cents at $99.22 in afternoon trade while Brent North Sea crude for February also eased 10 cents to $111.67. Desmond Chua, market analyst at CMC... »
NEW YORK, Dec 14 (BSS/AFP) – Oil prices traded mixed yesterday as Libya was expected to begin exporting more crude into a market already flush with supply. On the New York Mercantile Exchange, West Texas Intermediate crude for January delivery fell 90 cents to $96.60 a barrel. In London, Brent North Sea crude for January finished 16 cents higher at $108.83. Traders were waiting to see if a Libyan tribe... »
LONDON, Dec 14 (BSS/AFP) – Crude oil futures retreated this week on oversupply concerns as commodity traders focused largely on the outlook for US stimulus. OIL: Oil prices slid on Friday as dealers fretted over a global oversupply in crude, while speculation the US Federal Reserve will soon scale back its stimulus programme also weighed. “Investors are not only concerned about an oversupply in the US from shale oil, but... »
oil-prices-climb-in-asian-trade SINGAPORE, Dec 09, 2013 (BSS/AFP) – Oil prices rose in Asian trade Monday as robust US jobs data boosted hopes for stronger energy demand in the world’s biggest economy. New York’s main contract, West Texas Intermediate (WTI) for January delivery, was up 23 cents at $97.88 a barrel in mid- morning trade, while Brent North Sea crude for January rose 13 cents to $111.74. Singapore’s United Overseas Bank said in... »