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Oil in bear market heads for fifth weekly drop as supply climbs

Jun 23 2017 13:22

Oil is heading for a fifth weekly decline after sinking into a bear market amid concerns rising supply from the US to Libya would offset production cuts from Opec and its allies.


Opec has few escape routes from another bear market in oil

Jun 23 2017 10:30

Oil’s back in a bear market and investors remain unmoved by last month’s agreement to prolong supply cuts, leaving Opec and its allies with few remaining tools to boost prices.

Oil Last updated: 21/06/2017 08:00 Return YTD 45,930.23(0.50%)
Gold Last updated: 23/06/2017 09:31 Return YTD 1257,386.13(0.49%)
Silver Last updated: 23/06/2017 09:31 Return YTD 16,720.12(0.72%)
Platinum Last updated: 23/06/2017 09:31 Return YTD 924,001.50(0.16%)

Gold recovers as oil's slide and weaker stocks spur haven demand

Jun 22 2017 13:58

Oil’s woes are becoming good news for gold investors. The metal has recovered from a one-month low as crude’s tumble into a bear market spurred demand for a haven.


Oil market sees increased conflict risk in Saudi power shift

Jun 22 2017 07:40

Following the appointment of Saudi Arabian crown prince, energy markets need to brace for an even more assertive Saudi Arabian foreign policy that could threaten regional stability in the heart of the global oil industry.


Oil inches higher after entering bear market

Jun 21 2017 16:27

Oil has inched higher after sliding into a bear market as a persistent global supply glut continues to offset risks ranging from tropical storms to geopolitical tensions.

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