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Oil heads for two-year high as US stocks shrink

Nov 22 2017 09:26

Oil has headed for its highest close since June 2015 while trading volume surged after US industry data showed crude stockpiles resumed declines.


Oil holds gain above $56 after surge on Saudi cut extension plea

Nov 20 2017 09:22

Oil has held gains above $56 a barrel after surging the most in almost two weeks as Saudi Arabia’s energy minister said Opec should announce an extension to supply cuts when it meets at the end of the month.

Gold Last updated: 22/11/2017 03:51 Return YTD 1291,3010.13(0.79%)
Silver Last updated: 22/11/2017 03:51 Return YTD 17,120.18(1.04%)
Platinum Last updated: 22/11/2017 03:49 Return YTD 936,007.00(0.75%)

Oil short-sellers return as doubts loom on Opec's horizon

Nov 20 2017 07:33

After bullish bets on Brent crude has hit a record and futures surged to two-year highs, hedge funds are pulling back with a sense that the rally reached its limit for now.


Oil set for weekly loss on weak demand outlook and supply gains

Nov 17 2017 09:26

Oil is heading for the first weekly decline since the start of October after the International Energy Agency trimmed demand estimates and as US crude production continued its record run.


Oil holds losses near $55 as US production extends record run

Nov 16 2017 10:13

Oil has held losses near $55 a barrel as US crude stockpiles unexpectedly rose and production extended its record run.


Oil rally may be inflation game changer for Asian central banks

Nov 16 2017 09:39

The rally in oil prices is a potential game changer for inflation in Asia and will pressure central banks to lift interest rates after years of easy money.

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Finance Minister Malusi Gigaba has laid bare South Africa's economic woes. Visit our Mini Budget Special for all the action.