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Oil prices volatile as Opec reportedly decides to extend production cuts   Holiday demand, high oil prices working against drivers   Shares tread water, oil prices falls ahead of OPEC meeting   MARKETS LIVE: London shares flat as oil prices fall   Olive oil prices rocket after Mediterranean droughts   Today's Stunted Oil Prices Could Cause Oil Price Shock In 2020  
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Commodity currencies nurse losses after oil slumps; pound falters

SINGAPORE (Reuters) - Commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some investors who had hoped for larger..

S&P 500 and Nasdaq charge to new record highs in US on strong earnings from retailers

Two top US equity indexes scaled record peaks on Thursday after strong earnings reports from retailers, outpacing European shares which were little changed, while oil prices plunged after top crude..
S.China Morning Post

Videos for "Oil Prices"

News video: OPEC Decision

OPEC Decision

The Organization of Petroleum Exporting Countries announced today that it would extend oil production cuts for another 9 months beginning in July.
Source: KXMB -

News video: Novak Says Russia, OPEC Can Do More to Support Oil Prices

Novak Says Russia, OPEC Can Do More to Support Oil Prices 04:05

May.25 -- Russian Energy Minister Alexander Novak discusses Russian and OPEC oil production with Bloomberg's Manus Cranny in Vienna. Novak speaks through a translator.
Source: Bloomberg Global Business -

News video: Petrie Says OPEC Has Bought Themselves Some Time

Petrie Says OPEC Has Bought Themselves Some Time 05:47

May.25 -- Thomas Petrie, Petrie Partners chairman, discusses OPEC production and oil prices with Bloomberg's Vonnie Quinn on "Bloomberg Markets."
Source: Bloomberg Technology -

News video: European Stocks Book Solid Early Gains After a Record-Setting Session in the U.S.

European Stocks Book Solid Early Gains After a Record-Setting Session in the U.S. 00:37

Here is your round-up of the financial news from around the world: 1. European stocks open firmly higher Thursday as global markets return to their winning ways following a record-setting session on..
Source: The Street -

News video: Kachikwu: Members 'Largely' on Board With Extension

Kachikwu: Members 'Largely' on Board With Extension 08:24

May.25 -- Nigeria Minister of State: Petroleum Emmanuel Ibe Kachikwu discusses OPEC's 9 month production cut extension, the possible extension of an additional 3 months, the U.S. Shale market and his..
Source: Bloomberg Technology -


Oil Slumps: 7 shares you need to watch on Thursday

Woodside Petroleum (ASX:WPL) could be one to watch after oil prices sank overnight
Motley Fool

Did The Trump Administration Benefit From Venezuela's Illegal Syrian Oil Sales?

did the trump administration benefit from venezuela's illegal syrian oil sales?
In the latest bombshell to hit President Trump, Bloomberg *reports his administration may have inadvertently taken money from an enemy of the U.S. -  but this time it's the Syrian government of..
Zero Hedge

OPEC production cuts: What they mean from US gas pumps to African wells

OPEC nations agreed to extend production cuts, which could set the stage for higher oil prices worldwide as early as next year, analysts say.
Christian Science Monitor

Best Buy and Alphabet climb while Brown-Forman falls

The electronics retailer issued a strong first-quarter report, including better sales of mobile devices and gaming products. The jewelry company's profit and sales fell far short of analyst..

$A slumps against $US

The Australian dollar slumps right back down below the 75 US cent mark amid plunging oil prices and a strengthening US dollar.
Sydney Morning Herald Also reported by •The Age

Why OPEC Couldn’t Move Oil Prices Higher

The latest OPEC meeting was uncharacteristically tranquil, with little of the eleventh hour infighting and arm-twisting that has been so prevalent in previous meetings. The cooperative spirit has..

How major US stock market indexes fared on Thursday

U.S. stocks climbed for the sixth day in a row Thursday as strong first-quarter results from retailers like Best Buy and PVH led indexes to record highs. That offset a plunge in oil prices. On..
Seattle Times

Treasuries Close Modestly Higher Amid Steep Drop In Oil Prices

WASHINGTON (dpa-AFX) - Treasuries moved modestly higher over the course of the trading session on Thursday, extending the upward move seen late in the previous session.Bond prices turned in a rela...

S&P 500, Nasdaq close at record highs, shaking off rout in oil prices


GLOBAL MARKETS-U.S. stocks scale new peaks on retailer results; oil falls

U. S. stocks scaled fresh highs on Thursday after strong earnings reports from retailers, outpacing European shares which closed little changed, while oil prices plunged after top oil producers..

Airline stocks get a boost as crude oil prices sink


Goldman: Oil Glut To Return When OPEC Deal Expires

goldman: oil glut to return when opec deal expires
Authored by Nick Cunningham via OilPrice.com, *OPEC has agreed to extend its production cuts for another nine months in an effort to bring the oil market back into balance. *Keeping in place the 1.2..
Zero Hedge

Oil Crashes To $48 Handle As Iran Says It Won’t Cut Output

Iran’s current crude oil output level will not be reduced under the extension of the OPEC production cuts, Iranian Oil Minister Bijan Zanganeh was quoted as saying on Thursday. “Iran’s oil output..

'Tide is turning' for Calgary and Edmonton economies, thousands of new jobs expected: Conference Board

Gradually rising oil prices will help pull Calgary and Edmonton out of recession this year, with thousands of new jobs forecast for both cities, the Conference Board of Canada says.

Energy stocks sink as crude oil prices tumble below $50 a barrel


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