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Oil continues decline on supply glut

oil     Singapore : Oil prices fell for a third day in Asia trade today after figures showing high US crude stockpiles and increased Saudi production. Official US data yesterday [...]

August 11th, 2016 | Posted in Business,Highlights | Read More »

Oil continues climb on mixed US data

oilSingapore : Oil prices extended their rebound in Asia today following a mixed set of US stockpile data but analysts warn that the gains might not hold. The Department of [...]

August 4th, 2016 | Posted in Business,Highlights | Read More »

Oil prices up in Asia but oversupply worries weigh

Singapore : Oil prices edged up rose in Asia today as the dollar weakened while bargain-buyers moved in following a recent sell-off but analysts warned a global supply glut and [...]

August 1st, 2016 | Posted in Business,Highlights | Read More »

Oil prices extend losses on supply worries

oil     Singapore : Oil prices dipped today, extending last week’s losses on fresh worries about a global supply glut as more US rigs come back online and the dollar [...]

July 25th, 2016 | Posted in Business,Highlights | Read More »

Oil prices up in Asia after strong US, China data

     Singapore : Oil prices extended their rise in Asia Monday as robust economic data from the United States and China fuelled hopes of a pick-up in demand from [...]

July 18th, 2016 | Posted in Business,Highlights | Read More »

Oil extends slide on worries about impact of Brexit

oilSingapore : Oil prices suffered fresh losses in Asian trade today as the fallout from last week’s decision by Britain to leave the European Union batters confidence and ushers in [...]

June 27th, 2016 | Posted in Business,Highlights | Read More »

Oil prices extend pullback as dollar rises

oilSingapore : Oil prices extended their retreat in Asia today after hawkish US Federal Reserve meeting minutes strengthened the dollar and a weekly report showed a rise in US crude [...]

May 19th, 2016 | Posted in Business,Highlights | Read More »

Oil at fresh 2016 highs on hopes of supply glut easing

oilSingapore : Oil rose to fresh 2016 highs in Asia today as a slowdown in US drilling and increase in Chinese crude refinery processing bolstered hopes a supply glut would [...]

May 16th, 2016 | Posted in Business,Highlights | Read More »

Oil prices subdued in Asia after touching 2016 highs

oilSingapore : Oil prices dipped in Asia today as investors locked in profits after the previous day’s surge to six-month highs that was fuelled by a surprise decline in US [...]

May 12th, 2016 | Posted in Business,Highlights | Read More »

Oil prices extend gains on US inventory data

Singapore :  Crude prices extended gains in Asia today following a sizeable drop in US stockpiles, the first decline in seven weeks, indicating stronger demand in the world’s top oil [...]

April 7th, 2016 | Posted in Business,Highlights | Read More »