Weak demand, China virus fears may take WTI crude to $50 level
Refining margins continued to remain under pressure, suggesting weak global demand for oil.
Saudi Arabia says all options open at Opec+ meeting, including further cuts
Opec+ agreed in December to widen their supply cuts by 500,000 ba...
Opec raises oil demand outlook for 2020
Opec raised overall 2020 oil demand growth outlook by 0.14 million bpd to 1.22 million bpd.
Oil rises as Libya declares force majeure in oilfields
Brent crude was up 59 cents, or 0.9%, at $65.44 by 1442 GMT, having earlier touched $66 a barrel, its highest since Jan. 9.
Oil surges as Libyan pipeline shutdown cripples output
West Texas Intermediate contract was up by 60 cents, or 1 per cent, at $59.14 a barrel, after rising to $59.73, the highest since Jan. 10.
Brent crude has support at around $57.50-58: Jonathan Barratt
Jonathan Barratt, CIO, Probis Securities says base metal and oil prices have come under a lot of pressure following the coronavirus scare.
Australia shares extend gains; miners shine on metal prices
The S&P/ASX 200 index touched a fresh peak of 7,092.50 points before paring some gains to finish at 7,079.50, a new record closing high.
What changed for D-Street while you were sleeping
Asian shares neared a 20-month top on Monday as Wall Street extended its run of record peaks on solid US economic data and lashes of liquidity from the Federal Reserve.
Oil extends decline as supply disruption fears recede
Brent crude was down 11 cents, or 0.19 per cent, at $64.08 per barrel
Trump, Merkel and Imran to visit WEF at Davos
The World Economic Forum Annual Meeting 2020, taking place on January 20-24, will focus on establishing stakeholder capitalism as a way of addressing the world's greatest challenges, from societal divisions created by income inequality and political polarization to the climate crisis we face today, the Geneva-based International organisation for public-private partnership has said.
Opec secretary general says Iraqi oil facilities secure, production continuing
Barkindo said Opec alone could not shoulder the responsibility of maintaining a stable oil market
UAE energy minister says all OPEC+ members committed to stable oil market
The United Arab Emirates energy minister said so on Saturday.
Oil drops on concerns that US-China trade deal may not stoke demand
Brent crude was down 16 cents, or 0.3 per cent, at $64.33 per barrel
Ample supplies, weak global demand growth to cap oil prices in 2020: IEA
Oil prices cooled quickly after the threat of war in the Gulf receded
Commodity outlook: Crude oil jumps; here's how others may fare
Here is how SMC Global expects commodities to trade today.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service