US crude down 4% to hit 6-1/2-year low on surprise stock build
US crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.
Aug 20, 2015, 08:59 AM ISTAsian shares struggle as China stocks extend fall
The Shanghai Composite Index retreated 3.9 percent, a day after worries that the central bank could be in no hurry to ease policy further pushed it down 6.1 percent.
Aug 19, 2015, 09:05 AM ISTUS oil prices near six-year lows as China weighs
US oil prices fell towards six-year lows on Tuesday after stock markets tumbled in China, the world`s largest energy consumer, adding to worries about global fuel demand at a time of heavy oversupply.
Aug 18, 2015, 17:04 PM ISTAsian shares steady for now after mixed US data
The dollar-denominated MSCI broadest index of Asia-Pacific shares outside Japan was flat near its two-year low marked on Monday.
Aug 18, 2015, 08:33 AM ISTRate cuts, lower oil prices to boost consumption: BofA
Bank of America Merill Lynch Monday said it sees a recovery in consumption equivalent to 1 percentage point of India's GDP in the next few months on lending rate cuts, expected hike in salaries by government and savings from lower oil prices.
Aug 17, 2015, 23:03 PM ISTCrude oil rates likely to remain in current range: IOC chief
"Looking at the current trend and global developments, we certainly believe that the crude prices are likely to remain in the current range," he told reporters here.
Aug 10, 2015, 19:24 PM ISTOil prices fall further on oversupply fears
US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.
Aug 10, 2015, 10:45 AM ISTOil falls below $45 per barrel, inches closer to 6-year low
Oil prices fell again Thursday in a glum market as the global oversupply of crude oil looked entrenched and demand prospects weak.
Aug 07, 2015, 01:41 AM ISTAsian stocks mixed on patchy US economic data
Tokyo rose 0.24 percent to finish up 50.38 points at 20,664.64, while Seoul lost 0.81 percent, or 16.47 points, on losses from technology firms and mobile carriers to end the day at 2,013.29.
Aug 06, 2015, 12:50 PM ISTOil hits multi-month lows on US gasoline build worries
Oil prices hit multi-month lows on Wednesday after a surge in gasoline stockpiles in the United States as the summer season, the country`s biggest demand period for motor fuels, neared its end.
Aug 06, 2015, 01:16 AM ISTOil prices rebound ahead of US energy, employment data
Oil prices rose modestly Tuesday, snapping a three-day skid as traders awaited key data on US petroleum supplies and employment levels.
Aug 05, 2015, 01:33 AM ISTApple and interest rate jitters weigh on Wall Street
Wall Street extended losses on Tuesday as investors worried about a rise in interest rates while Apple`s shares hit their lowest in over six months.
Aug 05, 2015, 00:34 AM ISTAsian shares edge down, oil stabilises after rout
Asian shares edged lower on Tuesday after downbeat economic data pressured Wall Street ahead of key U.S. jobs data later this week that could provide a key clue to the timing of the U.S. Federal Reserve`s interest rate increase.
Aug 04, 2015, 06:58 AM ISTWeak oil prices, China worries drag Wall Street lower
Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world`s second-biggest economy.
Aug 04, 2015, 04:16 AM ISTOil prices extend decline
Oil prices extended their decline on Friday with no sign of an end to a global supply glut.
Jul 31, 2015, 20:33 PM ISTShell to cut jobs to cope with long period of cheap oil
Royal Dutch Shell announced deep cuts to jobs and investment on Thursday as the global energy giant prepares for a prolonged period of low oil prices.
Jul 30, 2015, 20:27 PM ISTAsian shares, dollar up on US Fed's economic optimism
Japan`s Nikkei rose 0.8 percent while Australian shares tacked on 0.3 percent and South Korean shares gained 0.2 percent.
Jul 30, 2015, 08:45 AM ISTOil prices fall on oversupply concerns, weaker dollar support
Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in U.S. crude stocks and a weakening dollar.
Jul 29, 2015, 11:13 AM ISTAsian stocks hit 3-week lows as China gloom spreads
MSCI`s broadest index of Asia-Pacific shares outside Japan fell 0.8 percent in early deals, its lowest level since July 9 as mainland Chinese indexes opened 2- 5 percent lower.
Jul 28, 2015, 08:23 AM ISTAsian shares broadly softer as Fed looms
Japan`s Nikkei slipped 0.5 percent, while MSCI`s broadest index of Asia-Pacific shares outside Japan lost 0.8 percent.
Jul 27, 2015, 08:36 AM IST