Tag: oil prices

Dollar Weakens following Revised GDP

The US dollar traded lower on Tuesday after government economists trimmed their third quarter estimate for US GDP growth, putting the world’s largest economy...

Oil Rout Continues, Brent Hits 11-Year Low

The price of oil continued to decline on Monday, with global benchmark Brent crude reaching levels not seen since 2004 amid growing concerns about...

Oil Prices Touch New 7-Year Lows, Further Downside Predicted

The rout in oil prices continued on Friday in belated response to additional buildup in US crude inventories, fueling concerns about a worsening global...

European Stocks Resume Downtrend as Oil Selloff Intensifies

European stocks resumed their decline on Monday, as energy producers fell for the eighth time in ten sessions amid plunging oil prices. Europe’s major averages...

European Stocks Decline, Oil Hits 7-Year on IEA Warning

The rout in European stocks continued on Friday after a warning by the International Energy Agency (IEA) about a worsening supply glut pushed oil...

Oil Prices Hit 2009 Lows, Global Stocks Plunge

Oil prices plunged to new seven-year lows on Tuesday, dragging down global stocks in belated response to OPEC’s decision last week to keep crude...

ECB Stimulus Bets Lift Stocks, Weigh on Euro

European stocks were trading at three-month highs on Monday, while the euro weakened against the dollar as investors prepared for the European Central Bank (ECB)...

European Stocks Decline amid Syria Tensions

European stocks declined sharply on Tuesday after Turkish fighter jets shot down a Russian warplane in Syria, leaving investors fretting about escalating geopolitical risks. All...

European Stocks Edge Higher on ECB Stimulus Hopes

European stocks advanced on Friday in a choppy day of trade, as investors remained hopeful that the European Central Bank (ECB) would expand its stimulus...

Oil Prices Fall as Chinese GDP Weakens

Oil prices declined Monday after government data showed another slowdown in China’s official growth rate, raising fresh fears about waning global demand. China’s gross domestic...

Oil Rally Comes to an Abrupt End

Oil prices were back on the defensive Thursday after weak Japanese trade figures dimmed the global growth outlook despite a bigger than expected drawdown...

“Black Monday”: Oil Prices Plummet amid Massive Sell-Off in Chinese Equities

Oil prices plunged on Monday to their lowest level in more than six years after a broad equities sell-off in China fuelled fresh concerns...

US Dollar Aims Higher as Nonfarm Payrolls Eclipse 200,000

The US dollar gained momentum on Friday, as another solid month of job creation gave the Federal Reserve the necessary scope it needs to...

Oil Prices Steady amid Biggest Rally of 2015

The price of oil was steady on Tuesday amid its biggest rally of the year, as investors shifted their attention to first quarter earnings...

US Dollar Index Resumes Descent

The US dollar was back on its heels on Thursday, declining against a basket of trade-weighted peers following disappointing housing data. The US dollar index,...

Crude Prices Slump, Supply Glut Back in Focus

The price of crude oil declined on Tuesday following several weeks of stability, a sign speculators were still concerned about rising global inventories after...

Canadian dollar rebounds sharply as oil prices rise

The Canadian dollar advanced on Monday as oil prices continued to rally, while US consumer spending declined at the sharpest rate since 2009 and...