- October 25th, 2018
Oil Resumes Slide on Sinking Stocks And Growing U.S. Inventories
Oil fell near the lowest level in two months as a rout in U.S. stocks prompted investors to flee risk assets and as American crude inventories continued to rise.
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Oil fell near the lowest level in two months as a rout in U.S. stocks prompted investors to flee risk assets and as American crude inventories continued to rise.
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Oil fell toward $75 a barrel to its lowest since late August on Wednesday, pressured by concern that demand is weakening and supply ample even as U.S. sanctions loom on oil exporter Iran. ›
British wholesale gas prices rose on Wednesday, supported by a drop in supplies from Norway, colder weather and weaker wind power generation. ›
British wholesale gas prices fell on Tuesday, as strong wind power generation reduced demand for electricity from gas-fired plants, keeping the market oversupplied despite a dip in flows from Norway. ›
Oil prices fell on Tuesday after Saudi Arabia said it would play a “responsible role” in energy markets, although sentiment remained nervous in the run-up to U.S. sanctions against Iran’s crude exports that start next month. ›
European OTC power prices for next week leaped on Monday on forecasts of colder weather, which propelled French demand higher, and some longer-than-expected outages at the country’s nuclear reactors. ›
Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month. ›
British wholesale gas prices fell on Monday morning as strong wind power output curbed demand from gas plants. ›
British wholesale gas prices rose on Friday morning on higher demand for gas for heating. ›
Oil prices rose on Friday on signs of surging demand in China, the world’s second-biggest oil consumer, although the market was heading for a second week of losses on concern that trade wars were curbing economic activity and rising U.S. inventories. ›