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OPEC Focuses on Bigger 2017 Oil Supply Glut Despite Deal to Limit

Last month, OPEC reported a spike in its oil production to the highest level in eight years and advanced its forecast for 2017 non-OPEC supply growth, directing to a larger supply glut next year despite...

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Oil Prices Drop From One-Year Highs, Affected By OPEC Deal Fears

Oil dropped from one-year highs on Tuesday, affected by worries that a production curb by the world’s largest exporters might not be enough to corrode a two-year old global supply glut of unwanted crude...

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Wall Street Gains Clinton Viewed as Winner of Second Debate

On Monday, U.S stocks gained among increases across most sectors, boosted by oil prices, and as Democrat Hillary Clinton were broadly viewed as the winner of the second presidential debate. A Clinton presidency...

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Financial Markets Still See Clinton as a Frontrunner After The Debate

Wall Street stock index futures saw minimal changes throughout Sunday’s second presidential debate, speculating that markets continue to feel that Democrat Hillary Clinton has an advantage in the November...

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Oil Calms From Four-Month High as Investors Doubt Deal to Curb Output

On Monday oil cooled from four-month highs as concerns that oil producers can reach an output curb agreement ignited some speculators to undo bullish wages. Global benchmark Brent crude futures LCOc1 decreased...

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Wall Street Declines Following Jobs Data Keeps Rate Hike On Pace

On Friday, Wall Street opened lower after weaker-than-anticipated September jobs reports and minimal effect of the chances of an interest rate hike by the end of this year. U.S. employment growth slowed...

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Oil Gains to Four-Month Highs as Output Curbs Remain OPEC Focus

On Thursday, Oil increased 1%, reaching four-month highs, supported by news of another informal OPEC meeting on curbing output and a unexpected fall in U.S. crude stocks. Despite volatile trading following...

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Oil HIkes More Than 2 percent to June Highs on Another U.S. Crude Drawdown

On Wednesday, oil prices reached session highs, increasing to their highest levels since June, after the United States Government reported another unexpected weekly drawdown in crude inventories. Brent...

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Wall Street Advances as Oil Ignites Energy Shares

On Wednesday, U.S. stocks increased following oil prices gaining to their highest levels since June and ignited a spark in energy shares. Brent crude futures advanced 1.9 percent to $51.84, underpinned...

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U.S. Trade deficit Expands in August on Advancing Imports

In August, the U.S. trade deficit gained more than anticipated in August, as a increase in imports offset higher exports. On Wednesday, the Commerce Department commented, the trade gap grew 3% to $40.73...