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Oil rises more than 1% but sets biggest weekly loss of 2019

23 hours ago DieselGasoil Comments Off on Oil rises more than 1% but sets biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July Read More

Global stocks climb on muted trade hopes, dollar slips

23 hours ago DieselGasoil Comments Off on Global stocks climb on muted trade hopes, dollar slips
NEW YORK (Reuters) – World equity markets rebounded on Friday from the previous day’s sharp fall, boosted after U.S. President Donald Trump said complaints against China’s Huawei Technologies might be resolved within the framework of a Sino-U.S. trade deal. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., Read More

Oil edges higher but set for biggest weekly loss of 2019

1 day ago DieselGasoil Comments Off on Oil edges higher but set for biggest weekly loss of 2019
NEW YORK (Reuters) – Oil prices climbed 1 percent on Friday ahead of long U.S. and UK holiday weekends, but were on track for their biggest weekly drop of the year, pressured by rising inventories and worries about the global economy. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Read More

LatAm bunker markets see delay in price impacts from weaker energy

1 day ago DieselGasoil Comments Off on LatAm bunker markets see delay in price impacts from weaker energy
Houston — Spot marine fuel markets throughout Latin America felt pressure Friday from back-to-back days of strong declines in North American energy markets, with sources pointing to typical lags resulting from various factors. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Pricing indications heard early Friday pointed to stable Read More

Trump sparks oil rally with Iran spat

1 day ago DieselGasoil Comments Off on Trump sparks oil rally with Iran spat
By Grant Smith on 5/24/2019 Photo: U.S. President Donald Trump. LONDON (Bloomberg) — Just over a week ago, crude prices were surging as attacks on Saudi Arabia’s oil tankers and pipeline network spurred fears that the Middle East was on the brink of military confrontation. In the past two days, however, oil has suffered its Read More

U.S. gasoline prices this Memorial Day weekend are nearly the same as last year’s

1 day ago DieselGasoil Comments Off on U.S. gasoline prices this Memorial Day weekend are nearly the same as last year’s
May 24, 2019 Heading into the 2019 Memorial Day weekend, regular gasoline prices averaged $2.85 per gallon (gal) nationally on May 20, slightly lower than last year’s price of $2.92/gal before the holiday weekend. EIA expects U.S. regular retail gasoline prices will increase in the coming months and average $2.92/gal during the 2019 summer season Read More

Global stocks climb on muted trade hopes, sterling yo-yos as PM May quits

1 day ago DieselGasoil Comments Off on Global stocks climb on muted trade hopes, sterling yo-yos as PM May quits
LONDON (Reuters) – World stocks edged higher on Friday and oil prices bounced after comments by President Donald Trump encouraged hopes of progress in U.S.-China trade talks while British Prime Minister Theresa May’s resignation briefly sent sterling fluctuating wildly. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, Read More

Oil rises toward $69, but set for 2019’s biggest weekly loss

1 day ago DieselGasoil Comments Off on Oil rises toward $69, but set for 2019’s biggest weekly loss
LONDON (Reuters) – Oil rose toward $69 a barrel on Friday after two sessions of losses, but remained on track for its biggest weekly drop this year due to rising inventories and concerns of an economic slowdown. FILE PHOTO: An oil pump jack pumps oil in a field near Calgary, Alberta, Canada, July 21, 2014. Read More

Asia stocks flat as trade worries linger, Europe to open higher

2 days ago DieselGasoil Comments Off on Asia stocks flat as trade worries linger, Europe to open higher
TOKYO/HONG KONG (Reuters) – Asian stock markets were mixed on Friday, with sentiment torn between investors worried that the U.S.-China trade war was becoming more protracted, and others hopeful that the world’s two largest economies would reach a settlement soon. FILE PHOTO: A man is reflected in an electronic board showing the graph of the Read More

Brent/Dubai EFS jumps to near 1-year high amid US-China trade tensions

2 days ago DieselGasoil Comments Off on Brent/Dubai EFS jumps to near 1-year high amid US-China trade tensions
The Brent/Dubai Exchange of Futures for Swaps spread jumped to a near 1-year high in Asian morning trade Friday, on what trade sources said was active bidding in the ICE Brent crude futures market amid ongoing geopolitical tensions between the US and China. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Read More