by Asharq Al-Awsat English | Dec 27, 2016 | Business
Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday. U.S. crude prices have surged 25 percent since...
by Asharq Al-Awsat English | Nov 9, 2016 | Business
Oil prices seesawed in very thin trading early on Wednesday as traders followed with interest the U.S. presidential election that provides a voracious debate upon the direction of the country, and more importantly, provides uncertainty unto the marketplace. Brent...
by Asharq Al-Awsat English | Apr 27, 2016 | Business
Crude oil futures on Wednesday jumped around half a dollar and remained near 2016 highs on the back of strong investor sentiment and a weak dollar, although analysts cautioned of this month’s bull-run soon losing impetus. Since their last settlement,...
by Obaid Al-Suhaymi | Sep 9, 2014 | Business
Dammam, Asharq Al-Awsat—Prices of Brent crude fell below 100 US dollars per barrel for the first time in 14 months on Monday on the back of increased supply of shale oil from the US, while energy sector experts tell Asharq Al-Awsat they expect prices to stabilize...
by Asharq Al-Awsat | Aug 12, 2014 | Business
London, Reuters—Brent crude oil fell to around 104 US dollars a barrel on Tuesday, touching its lowest level in nine months as steady supplies dispelled concerns over potential disruptions in producers including Iraq and Libya. The International Energy Agency (IEA)...
