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Thursday 24, July 2014

 
 
 




 

Commodities


Oil extends losses in Asian trade

By: Web Desk, Uploaded: 23rd July 2014

Oil extends losses in Asian trade SINGAPORE: Oil extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased. Israel´s operation against Hamas militants in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the...


Oil prices up on US demand hopes

By: Web Desk, Uploaded: 17th July 2014

Oil prices up on US demand hopes SINGAPORE- Oil prices extended gains in Asia Thursday after a bullish US stockpiles report raised hopes of resurgent demand in the world’s top crude consumer, analysts said. US benchmark West Texas Intermediate for August delivery rose 24 cents to $101.44 while Brent crude for September gained two cents to $107.19 in afternoon trade. WTI surged...


Oil prices rebound in Asia

By: Web Desk, Uploaded: 14th July 2014

Oil prices rebound in Asia SINGAPORE- Oil rebounded in Asia Monday on bargain hunting following sharp falls last week stoked by the prospect of a revival in Libyan supplies. US benchmark West Texas Intermediate for August delivery was up nine cents to $100.92 in mid-morning trade. It declined $2.10 in New York trade Friday. Brent crude for August advanced 18...


Oil prices down in Asia

By: Web Desk, Uploaded: 10th July 2014

Oil prices down in Asia SINGAPORE- Oil prices fell in Asia Thursday following a mixed US supply report and easing concerns over tensions in the Middle East, analysts said. US benchmark West Texas Intermediate for August delivery declined 49 cents to $101.80 while Brent crude dipped 13 cents to $108.15 in afternoon trade. “Oil tumbled as a rise in US...


Oil prices down ahead of US stockpiles report

By: Web Desk, Uploaded: 9th July 2014

Oil prices down ahead of US stockpiles report SINGAPORE- Oil prices edged lower in Asia Wednesday as dealers await the latest US stockpiles report for clues about demand in the world’s top crude consumer. US benchmark West Texas Intermediate for August delivery eased two cents to $103.38 while Brent crude was down 13 cents to $108.81 in mid-morning trade. “The official US stockpile...


Oil prices down on easing Middle East supply concerns

By: Web Desk, Uploaded: 8th July 2014

Oil prices down on easing Middle East supply concerns SINGAPORE- Oil prices eased in Asia Tuesday as dealers await the resumption of disrupted Libyan crude exports, while ebbing fears about fighting in major producer Iraq also weighed, analysts said. US benchmark West Texas Intermediate for August delivery dipped 11 cents to $103.42 while Brent crude was down 19 cents at $110.05. Singapore’s United Overseas...


Oil prices mixed in Asian trade

By: Web Desk, Uploaded: 7th July 2014

Oil prices mixed in Asian trade SINGAPORE- Oil prices were mixed in Asia Monday as dealers weigh easing concerns about the jihadist insurgency in Iraq with upbeat sentiment about US demand following strong jobs data, analysts said. US benchmark West Texas Intermediate for August delivery eased one cent to $104.05 while Brent crude rose 18 cents to $110.82 in mid-morning trade....


Oil prices down in Asian trade

By: Web Desk, Uploaded: 4th July 2014

Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in Asian trade Friday as profit-taking set in after rallying in response to a strong US jobs report, while dealers consider the prospect of an influx of Libyan crude into global markets, analysts said. US benchmark West Texas Intermediate for August delivery eased 17 cents to $103.89 while Brent crude...


Oil extends losses on return of Libyan supplies

By: Web Desk, Uploaded: 3rd July 2014

Oil extends losses on return of Libyan supplies SINGAPORE- Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices. US benchmark West Texas Intermediate (WTI) for August delivery eased 47 cents to $104.01 while Brent crude for August was down...


CNG price to hike by 5 rupees 36 paise

By: Web Desk, Uploaded: 2nd July 2014

CNG price to hike by 5 rupees 36 paise ISLAMABAD: CNG consumption prices has been increased by 5 rupees 36 paise per kilo meter, the recent notification revealed, Aaj News reported. According to the reports, the price list of petroleum products remained the same, but the CNG consumption has been increased by 5 rupees 36 paise. The recent list further disclosed that at least...


Oil prices mixed ahead of US supply report

By: Web Desk, Uploaded: 2nd July 2014

Oil prices mixed ahead of US supply report SINGAPORE- Oil prices were mixed in Asia Wednesday as dealers await the release of a US stockpiles report for clues about demand in the world’s top crude consumer, while upbeat Chinese manufacturing data lent support. US benchmark West Texas Intermediate for August delivery rose one cent to $105.35 while Brent crude for August eased 15...


Oil prices rise on weak dollar

By: Web Desk, Uploaded: 1st July 2014

Oil prices rise on weak dollar SINGAPORE- Oil prices rose in Asia on Tuesday as dealers made the most of a weakening dollar while keeping an eye on continuing fighting in Iraq, analysts said. US benchmark West Texas Intermediate for August delivery rose 23 cents to $105.60 while Brent crude gained eight cents to $112.44 in late-morning trade. “We are seeing...


Oil prices down in Asian trade

By: Web Desk, Uploaded: 30th June 2014

Oil prices down in Asian trade SINGAPORE- Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where jihadists have declared an Islamic state straddling Iraq and Syria will likely keep prices high, analysts said. US benchmark West Texas Intermediate for August delivery was down 26 cents at $105.48 a barrel in late-morning trade and...


Oil prices ease in Asian trade

By: Web Desk, Uploaded: 27th June 2014

Oil prices ease in Asian trade SINGAPORE- Oil prices edged lower in Asia Friday following lacklustre US economic data that has fuelled bearish sentiment about demand in the world’s top crude consumer. US benchmark West Texas Intermediate for August delivery was down 23 cents to $105.61, while Brent crude eased 16 cents to $113.05 in afternoon trade. The US Commerce Department...


Oil prices fall on easing Iraq supply fears

By: Web Desk, Uploaded: 24th June 2014

Oil prices fall on easing Iraq supply fears SINGAPORE- Oil prices extended losses in Asia Tuesday on fading fears that the crisis in crude producer Iraq could result in a major supply disruption, analysts said. US benchmark West Texas Intermediate (WTI) was down 50 cents at $105.67 while Brent crude eased 31 cents to $113.81 in afternoon trade. WTI dropped 66 cents in...


Oil prices firm on Iraq tensions

By: Web Desk, Uploaded: 23rd June 2014

Oil prices firm on Iraq tensions SINGAPORE- Oil prices edged higher in Asia Monday on continued violence in Iraq, but gains were capped as the risk premium associated with the crisis in the key crude producer is already factored in, analysts said. US benchmark West Texas Intermediate was up 39 cents to $107.22, while Brent crude gained 39 cents to $115.20...


Oil prices up with Iraq violence in focus

By: Web Desk, Uploaded: 19th June 2014

Oil prices up with Iraq violence in focus SINGAPORE- Oil prices rose in Asian trade Thursday with escalating violence in Iraq sharply in focus as militants attacked the major crude producer’s biggest refinery and seized more territory. US benchmark West Texas Intermediate (WTI) for July rose 35 cents to $106.32 while Brent crude for August gained nine cents to $114.35 in late-morning trade....


Oil prices down in Asian trade

By: Web Desk, Uploaded: 17th June 2014

Oil prices down in Asian trade SINGAPORE- Oil prices eased in Asian trade Tuesday, but losses were limited as investors fret over a potential supply disruption due to the worsening sectarian violence in key crude producer Iraq. US benchmark West Texas Intermediate for July delivery fell 18 cents to $106.72 a barrel in mid-morning trade, while Brent crude for August declined...


Crude prices rise in Asia on Iraq violence

By: Web Desk, Uploaded: 16th June 2014

Crude prices rise in Asia on Iraq violence SINGAPORE: Crude prices rose to nine-month highs in Asian trade Monday as investors kept a wary eye on the worsening crisis in Iraq, where insurgents were advancing on the capital Baghdad. US benchmark West Texas Intermediate for July delivery jumped 35 cents to $107.26 a barrel in late-morning trade, while Brent crude for August gained...


Crude prices up as militants close in on Baghdad

By: Web Desk, Uploaded: 13th June 2014

Crude prices up as militants close in on Baghdad SINGAPORE- Crude prices on Friday extended the previous day’s rally to sit at nine-month highs after militants closed in on Iraq’s capital Baghdad, fuelling fears over supplies from the major crude producer. US benchmark, West Texas Intermediate, advanced 73 cents to $107.26 in late-morning trade after surging $2.13 in New York on Thursday to reach...


Oil prices up in Asian trade

By: Web Desk, Uploaded: 12th June 2014

Oil prices up in Asian trade SINGAPORE- Oil prices rose in Asia Thursday following a surprisingly bullish US stockpiles report and on rising concerns that turmoil in Iraq will disrupt Middle East supplies. US benchmark West Texas Intermediate for July delivery rose 16 cents to $104.56 while Brent crude for July gained 33 cents to $110.28 in afternoon trade. Singapore’s United...


Oil higher in Asian trade as OPEC gathers

By: Web Desk, Uploaded: 11th June 2014

Oil higher in Asian trade as OPEC gathers SINGAPORE- Oil prices rose in Asia Wednesday ahead of the release of a key indicator of US energy demand and a meeting of the OPEC oil cartel. US benchmark West Texas Intermediate for July delivery was up four cents at $104.39 a barrel in mid-morning trade and Brent oil for July added nine cents to...


Oil prices extend gains in Asia

By: Web Desk, Uploaded: 10th June 2014

Oil prices extend gains in Asia SINGAPORE- Oil prices extended their gains in Asia Tuesday as investors cheered robust economic data from US, China and Japan, with the breakdown of initial Ukraine-Russia talks to avert a gas cut-off also boosting prices. US benchmark West Texas Intermediate (WTI) for July gained 26 cents to $104.67 a barrel by midday after jumping $1.75...


Oil prices up in Asia

By: Web Desk, Uploaded: 9th June 2014

Oil prices up in Asia SINGAPORE- Oil prices rose in Asian trade Monday, boosted by robust Chinese export data and a solid US jobs report that boosted hopes for a pick-up in demand, analysts said. US benchmark, West Texas Intermediate for July delivery, gained 20 cents to $102.86 a barrel in afternoon trade, while Brent North Sea crude for July...


Crude prices rise in Asia after ECB rate cuts

By: Web Desk, Uploaded: 6th June 2014

Crude prices rise in Asia after ECB rate cuts SINGAPORE- Oil prices rose in Asian trade Friday after the European Central Bank (ECB) announced an unprecedented cut in interest rates in a bid to spur economic growth. US benchmark, West Texas Intermediate (WTI) for delivery in July gained three cents to $102.51 a barrel while Brent North Sea crude for July was up eight...


Oil prices dip on hopes of Ukraine crisis easing

By: Web Desk, Uploaded: 5th June 2014

Oil prices dip on hopes of Ukraine crisis easing SINGAPORE- Oil prices dipped in Asia Thursday after Russian President Vladimir Putin held out a hand to crisis-hit Ukraine, raising hopes of an easing in the worst East-West standoff since the Cold War. US benchmark, West Texas Intermediate for delivery in July, eased 33 cents to $102.31 a barrel while Brent North Sea crude for...


 
 
 



 
 



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