LONDON, July 29 (Reuters) – Oil held around $117 on Friday
but the trend was downwards as investors and traders awaited a
resolution to the debt situation in the United States, which is
still deadlocked ahead of the Aug. 2 deadline to raise the U.S.
debt limit.

At 0825 GMT, Brent crude LCOc1 was down 32 cents to
$117.04 a barrel and U.S. crude CLc1 was down 57 cents to
$96.87 a barrel.

LONDON (Reuters) – U.S. oil fell over $2 on Wednesday following U.S. data showing an unexpected crude stock build and a soft economy, while partisan wrangling over the U.S. debt limit continued to unnerve investors.

The Energy Information Administration (EIA) reported a weekly build in U.S. crude stocks of 2.3 million barrels, against a consensus forecast for a 1.7 million barrel draw.

LONDON, July 27 (Reuters) – U.S. oil fell over $2 on
Wednesday following U.S. data showing an unexpected crude stock
build and a soft economy, while partisan wrangling over the U.S.
debt limit continued to unnerve investors.

The Energy Information Administration (EIA) reported a
weekly build in U.S. crude stocks of 2.3 million barrels,
against a consensus forecast for a 1.7 million barrel draw.

LONDON (Reuters) – Investors have started switching into commodities from equities and bonds this month, reversing flows in the second quarter, in a trend that is likely to continue as long as worries over inflation and debt crises dominate financial markets.

The switch breaks months of strong positive correlation between stocks and commodities indexes as funds, boosted by liquidity from the second round of U.S. economic stimulus, flooded into all markets.

LONDON (Reuters) – Oil rose above $118 on Friday, as Europe’s latest attempts to resolve the debt crisis and signs of progress on a U.S. deficit reduction deal offset weak economic data from the world’s second-largest oil consumer, China.

The International Energy Agency’s decision not to release more oil from emergency reserves was also supporting prices.

LONDON (Reuters) – Investors have started reallocating money into commodities this month, reversing outflows in the second quarter, in a trend that is likely to continue as long as worries over inflation and debt crises dominate financial markets.

The switch breaks months of strong positive correlation between stocks and commodities indexes as funds, boosted by liquidity from the second round of U.S. economic stimulus (QE2), flooded into all markets.

LONDON (Reuters) – Investors have started switching into commodities from equities and bonds this month, reversing flows in the second quarter, in a trend that is likely to continue as long as worries over inflation and debt crises dominate financial markets.

The switch breaks months of strong positive correlation between stocks and commodities indexes as funds, boosted by liquidity from the second round of U.S. economic stimulus, flooded into all markets.

LONDON, July 20 (Reuters) – Investors rotated into commodity
funds in the first two weeks of July, according to data from
fund flows tracker EPFR Global, as the euro zone debt crisis
intensified and wrangling over the U.S. debt ceiling continued.

The research firm said commodity funds, including physical
commodity funds, those holding futures contracts, and those
investing in the equities of commodity companies such as miners,
attracted $1.465 billion in assets in the first two weeks of
July.

LONDON, July 15 (Reuters) – Oil edged higher from earlier
losses in choppy trading on Friday as the market focus shifted
to the potential for a weaker dollar amid concerns about the
U.S. budget negotiations to avert a debt default.

U.S. crude CLc1 leading the oil complex, up 92 cents at
$96.61 a barrel by 1341 GMT. Brent crude LCOc1 was up 79 cents
at $117.05 a barrel.

LONDON, July 15 (Reuters) – Oil edged higher from earlier
losses in choppy trading on Friday as the market focus shifted
to the potential for a weaker dollar amid concerns about the
U.S. budget negotiations to avert a debt default.

U.S. crude CLc1 leading the oil complex, up 92 cents at
$96.61 a barrel by 1341 GMT. Brent crude LCOc1 was up 79 cents
at $117.05 a barrel.