Crude traded near $45 a barrel as Saudi Arabia’s oil stockpiles climbed to a record, adding to signs that a global oversupply may persist. Futures rose as much 0.9 percent in New York after declining... more
Oil held near $47 a barrel after the Federal Reserve left interest rates unchanged. Futures were little changed in New York after declining 0.5 percent on Thursday. The Federal Reserve decided... more
Oil dropped from its highest closing price this month amid speculation that an unexpected decline in U.S. crude stockpiles doesn’t do enough to ease a global glut. Futures dropped 1.6 percent in New... more
The ringgit closed higher against the US dollar for the fourth trading days as the weaker US inflation data benefited most of the Asian currencies, dealers said. At 5 pm, the ringgit was quoted at 4.... more
Oil held below $45 a barrel before U.S. government data forecast to show crude stockpiles expanded for a third week in the world’s biggest oil consumer. Futures rose as much as 1.1 percent in New... more
Oil traded near $45 a barrel in New York as a further pullback in U.S. drilling failed to temper expectations that the global oversupply will persist for most of next year. West Texas Intermediate... more
The dollar reached a two-week low against the euro amid speculation the Federal Reserve will refrain from lifting its benchmark rate at the end of a policy meeting Thursday. The greenback fell... more
Oil prices dipped on Monday as weakening demand weighed on international markets, although U.S. futures received some support from reduced American drilling. Front-month Brent crude futures were... more
Goldman Sachs Group Inc. cut its oil price forecasts as it sees a global glut persisting into 2016 on further OPEC production growth that may force prices to drop as low as $20 a barrel. The bank... more
Oil headed for a weekly decline amid signs the global glut that drove prices to a six-year low will be prolonged. Futures slid as much as 1 percent in New York, paring Thursday’s 4 percent gain. U.S... more