- December 23rd, 2016
Oil falls on firm dollar, profit-taking ahead of holidays
Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of the gains in the previous session as traders took profits. ›
Oil prices slipped on Friday in thin Asian trade ahead of the Christmas and New Year holidays, eroding some of the gains in the previous session as traders took profits. ›
British wholesale gas prices rose on Thursday, as a weaker sterling against the euro helped lift the market in thin holiday trade. ›
Oil prices nudged higher in tepid Asian trading on Thursday, supported by a weaker dollar and optimism that crude producers would abide by an agreement to curb output to prop up markets. ›
British wholesale prompt gas prices reversed earlier losses to trade higher on Wednesday, supported by firmer near-curve contracts on the back of a weakening pound against the euro and on rising carbon prices. ›
Oil extended its advance as industry data showed U.S. crude stockpiles declined last week, trimming an inventory overhang. ›
British wholesale gas prices inched up on Tuesday morning due to a decline in temperatures, boosting demand for heating. ›
Oil prices were steady on Tuesday in timid trading ahead of the year-end holidays, with investors beginning to unwind positions without expecting to take up new ones until the start of 2017. ›
British prompt natural gas prices edged lower on Monday as temperatures were expected to rise throughout the week, reducing gas demand for heating, and some forecasts showed the weather would remain warmer than normal in January. ›
Oil extended its gains above $52 a barrel as a planned production boost from Libya stalled amid continuing tension in the OPEC member exempt from agreed output cuts. ›
Oil headed for a weekly loss as Libya prepared to raise supply and as the dollar held weekly gains, countering the impact on prices from efforts by OPEC and other producers to trim output to curb a global glut. ›