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Jul 31, 2015

Options market sees oil price fall despite OPEC confidence

LONDON (Reuters) – OPEC policymakers seem confident in a sustained recovery of oil prices from this year’s lows as demand improves, but the derivatives market is geared for an alternative scenario: a fall below $50 a barrel by the end of the year.

The level of volatility in the market, a broad measure of risk sentiment that determines the price of an option, has been edging higher.

Jul 29, 2015

Oil prices fall for sixth day as glut bites

LONDON (Reuters) – Oil prices fell for a sixth day on Wednesday, marking their longest string of losses in a year, as worsening global oversupply offset the potential lift from a weaker dollar and an expected drop in U.S. crude stocks.

A Reuters survey on Tuesday showed members of the Organization of the Petroleum Exporting Countries produced around 3 million barrels per day (bpd) of oil more than daily demand in the second quarter, compared with around 2 million bpd in the first three months of the year.

Jul 29, 2015

Oil prices fall in longest decline in a year

LONDON, July 29 (Reuters) – Oil prices fell on Wednesday, in
their longest string of daily losses in a year as worsening
global oversupply offset the potential lift from a weaker dollar
and an expected drop in U.S. crude stocks.

A Reuters survey on Tuesday showed members of the
Organization of the Petroleum Exporting Countries produced
around 3 million barrels per day (bpd) of oil more than daily
demand in the second quarter, compared with around 2 million bpd
in the first three months of the year.

Jul 28, 2015

Oil prices sent close to six-month lows by China rout

LONDON, July 28 (Reuters) – Oil prices fell to their lowest
point in nearly six months on Tuesday as a meltdown in Chinese
equities deepened doubts about the outlook for crude demand in
the world’s top commodities consumer.

China’s already volatile benchmark stock index, with
a combined market capitalisation of $4.6 trillion, has lost 10
percent in the last two days of trade.

Jul 28, 2015

Oil prices fall to lowest in nearly six months

LONDON, July 28 (Reuters) – Oil prices fell to their lowest
in nearly six months on Tuesday, as a rout in the Chinese stock
market cast further doubt over the outlook for crude demand in
the world’s top commodities consumer.

China’s already-volatile benchmark stock index, with
a combined market capitalisation of $4.6 trillion, has lost 10
percent in the last two days of trade.

Jul 28, 2015

Oil prices fall to near six-month lows, rattled by China

LONDON (Reuters) – Oil prices fell for a fifth straight session on Tuesday to their lowest in almost six months, as a rout in Chinese equities cast further doubt over the outlook for crude demand in the world’s top commodities consumer.

China’s already-volatile benchmark stock index, with a combined market capitalization of $4.6 trillion, has lost 10 percent in the last two days of trade.

Jul 24, 2015

Oil stages fourth weekly drop as China factories slow

LONDON, July 24 (Reuters) – Oil prices neared four-month
lows on Friday, set for their fourth straight week of declines,
after data showed a contraction in China’s factory sector and
the dollar rose against a basket of currencies.

Data showing activity in China’s manufacturing sector shrank
at the fastest pace in 15 months in July adds to concern about
demand at a time when the crude market is already oversupplied
to the tune of some 2 million barrels per day.

Jul 24, 2015

Brent crude nears four-month low as China factories contract, dollar firms

LONDON (Reuters) – Oil prices hovered near four-month lows on Friday after data showed a contraction in China’s factory sector and the dollar rose against a basket of currencies.

Activity in China’s manufacturing sector shrank at the fastest pace in 15 months in July, according to a preliminary private purchasing managers’ survey.

Jul 24, 2015

Brent crude near 4-month low as Chinese manufacturing shrinks, dollar firms

LONDON, July 24 (Reuters) – Brent crude oil prices neared
four-month lows on Friday after data showed a contraction in
China’s factory sector and the dollar rose against a basket of
currencies.

Activity in China’s vast manufacturing sector shrank at the
fastest pace in 15 months in July, according to a preliminary
private purchasing managers’ survey.

Jul 23, 2015

Oil edges higher as dollar drops

LONDON, July 23 (Reuters) – Oil prices edged higher on
Thursday, aided by a drop in the dollar, although rising
supplies of crude oil in the United States kept the futures
market in a tight range.

Crude oil stocks in the United States rose by 2.5 million
barrels last week to above the five-year seasonal average,
according to data from the Energy Information Administration
(EIA), trumping expectations for a drop of 2.3 millions.

    • About Amanda

      "I moderate the Global Markets Forum, a Reuters online community for financial professionals. Based in London, I have worked at Reuters for over ten years, reporting from both London and New York on foreign exchange, macroeconomics, government bonds and commodities."
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