Supply worries lift oil prices as U.S. renews sanctions on Iran

By Aaron Sheldrick TOKYO, Aug 9 : Oil prices eked out gains on Thursday, reflecting concerns about Iranian crude supplies as the U.S. hit Tehran with new sanctions, halting Wednesday’s declines in the face of an escalating China-U.S. trade dispute and worries over Chinese demand. Brent crude futures were up 20 cents, or 0.3 percent, […]

Oil prices edge up after Saudi output dips, U.S. drilling stalls

By Henning Gloystein SINGAPORE, Aug 6 : Oil prices edged up on Monday as Saudi crude production took a surprising dip in July and American shale drilling seemed to plateau. Markets also anticipated an announcement from Washington due later on Monday detailing renewed U.S. sanctions against major oil exporter Iran. Spot Brent crude oil futures […]

Oil prices dip as Trump calls on OPEC to “reduce pricing now”

By Henning Gloystein SINGAPORE, July 5 : Oil prices eased on Thursday after U.S. President Donald Trump sent a tweet urging OPEC to reduce prices for crude. Brent crude futures were at $77.88 per barrel at 0053 GMT, down 36 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures […]

U.S. oil slumps as China threatens duty on U.S. crude imports

By Henning Gloystein SINGAPORE, June 18 : U.S. oil prices slumped on Monday after China threatened duties on American crude imports in an escalating trade dispute with Washington. U.S. West Texas Intermediate (WTI) crude futures were at $63.84 a barrel, down $1.22, or 1.9 percent, from their last settlement. In an escalating spat over the […]

Wheat falls on high supplies, soy sets 10-month low

By Nigel Hunt LONDON, June 14 : Chicago wheat futures fell on Thursday on long liquidation by funds against the backdrop of surplus supplies while soybean prices sank to a 10-month low as heightened concerns over relations between Washington and Beijing weighed on the market. The Chicago Board of Trade’s most-active wheat contract was down […]

Nickel and zinc rise as China’s construction sector recovers

By Peter Hobson LONDON, May 29 : Rising steel prices in China helped to boost steelmaking ingredients zinc and nickel on Tuesday despite a stronger dollar making metals more expensive for buyers with other currencies. China is the world’s biggest steel producer and a seasonal recovery in construction activity has driven prices higher, with steel […]