Oil fell on Thursday, erasing some of the previous session's strong gains, as traders eye the G20 summit in Japan and a meeting of OPEC and other oil producers to decide on an extension of output cuts.
Brent crude futures were down 44 cents, or 0.7%, at $66.05 by 0059 GMT.
U.S. West Texas Intermediate (WTI) crude futures were down 41 cents, or 0.7%, at $58.97.
Oil prices rose more than 2% on Wednesday and hit their highest in about a month, buoyed by U.S. government data showing a larger-than-expected drawdown in crude stocks as exports hit a record high and surprise drops in refined product stockpiles.
Source: Reuters
Oil futures settled lower Monday, giving back a portion of last week's sizable gains, as production in the Gulf of Mexico began a post-storm recovery. August West Texas Intermediate crude fell by 63 ...
Oil prices traded higher on Monday as positive data from China outweighed the country's slowing economy, providing hopes that demand for oil will remain intact. New York-traded West Texas Intermediat...
U.S. oil futures ended the week with nearly 5% gain Friday, as ongoing tensions between the U.S. and Iran continued to raise the risk to oil flow in the Middle East. Prices for the session, however, ...
Oil prices were on track for a sharp weekly gain as concerns over tropical storm Barry hitting supply outweighed worries of a global supply glut. New York-traded West Texas Intermediate crude futures...
Oil prices rose on Friday in Asia after U.S. oil producers cut more than half of Gulf of Mexico crude output due to Tropical Storm Barry, which is expected to make landfall over the weekend. U.S. Cru...
Hong Kong shares rose on Monday after China's upbeat retail sales and factory output numbers pointed to some stabilisation in the world's second-largest economy, and as China's second-quarter economic growth met expectations. At the close of...
U.S. stocks ended slightly higher on Monday as investors saw results from Citigroup kicking off the unofficial start of earnings season for the second-quarter. The S&P 500 was up by less than 0.1% to 3,014, based on preliminary figures, which...
Oil futures settled lower Monday, giving back a portion of last week's sizable gains, as production in the Gulf of Mexico began a post-storm recovery. August West Texas Intermediate crude fell by 63 cents, or 1.1%, to settle $59.58 a barrel on the...
Wall Street traders and analysts are undecided or else look for gold prices to be sideways this week, while Main Street remained bullish, according...
Gold prices were little changed on Monday in Asia after data showed China™s second-quarter growth data slowed to a 27-year low but matched...
Gold steadied amid signs that China's economy is stabilizing and after hedge fund managers reduced bullish bets on the metal.
Gains in Chinese...
Gold prices held steady in early Asian trade on Monday, as market participants awaited key economic data from China for cues about the health of the...