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Oil prices fall on ‘fiscal cliff’ concerns
Crude oil prices dropped Thursday in thin trading and on uncertainty about whether a deal to avert the US “fiscal cliff” of tax hikes and spending cuts could be reached by a year-end deadline, analysts said. New York’s main contract, light sweet crude for delivery in February, shed 12 cents…
Oil prices drop in the face of stronger U.S. dollar
Oil recoiled Tuesday, hit by profit-taking and the stronger dollar on the eve of an informal meeting in Brussels where the eurozone’s crippling sovereign debt crisis will top of the agenda. Financial markets were also under pressure after Fitch slashed Japan’s credit rating by two notches on Tuesday, citing its…
Oil prices diverge before US payrolls data
World oil prices diverged on Friday amid caution before key payrolls data in top crude consumer the United States, and as Greece reached a debt deal with private creditors to avert bankruptcy. New York’s main contract, West Texas Intermediate (WTI) or light sweet crude for delivery in April, added 34…
Crude oil prices stable after brief rally
World oil prices steadied on Monday after a brief rally, as traders took their cue from the eurozone debt drama, analysts said. New York’s main contract, light sweet crude for delivery in November, added 34 cents to $87.14 a barrel. Brent North Sea crude for delivery in December climbed as high as $113.86 a barrel,…
Crude oil prices slip on Greek default fears
World oil prices slid on Monday, as tumbling global equities and fresh fears of a Greek default sparked concern over the energy demand outlook, with the market also hit by the strong dollar. New York’s main contract, West Texas Intermediate (WTI) for delivery in November, dipped 47 cents to $78.73 a barrel. Brent North…
World stocks post worst quarter in 3 years
NEW YORK (Reuters) – Global stocks closed their worst quarter in nearly three years on Friday on nagging concerns about the world economy and the lack of a credible solution to Europe’s debt crisis. The euro and most commodity prices also fell as investors’ search for safety drove up U.S.…
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