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A Peek Into The Markets: U.S. Stock Futures Rise; Crude Oil Up Over 7%
Wednesday, November 30, 2016 - 8:47am | 519Read More...Pre-open movers U.S. stock futures traded higher in early pre-market trade, ahead of the Organization of the Petroleum Exporting Countries meeting in Vienna. The ADP national employment report for November is schedule for release at 8:15 a.m. ET, while data on personal income and...
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Indian Stock Markets Open Higher; Sensex Up Over 100 Points
Wednesday, November 30, 2016 - 1:03am | 293Read More...Indian stock markets were trading higher on Wednesday, ahead of the Organization of the Petroleum Exporting Countries meeting in Vienna. The S&P BSE Sensex climbed 109.2 points, or 0.41 percent at 26503.18. The 30-share index touched a low of 26,402.23 in morning trade. The Nifty50 rose 0....
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China's Shanghai Index Down Ahead Of Key OPEC Meeting
Wednesday, November 30, 2016 - 12:19am | 278Read More...Chinese stocks were trading lower on Wednesday, ahead of the OPEC meeting in Vienna. The Shanghai Composite Index dropped 32.4 points, or 0.99 percent to 3,250.54, while the Shenzhen composite fell 0.44 percent to 546.14. iShares FTSE/Xinhua China 25 Index (ETF) (NYSEARCA: FXI) shares rose 0....
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Japan's Nikkei Edges Lower Ahead Of OPEC Meeting
Tuesday, November 29, 2016 - 11:58pm | 274Read More...Japanese stocks were trading slightly lower on Wednesday, ahead of the Organization of the Petroleum Exporting Countries meeting in Vienna. The Nikkei 225 dropped 0.01 percent, or 2.54 points to 18,304.50, and the TOPIX fell 0.08 percent, or 1.21 points to 1,467.35. iShares MSCI Japan ETF (...
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This Energy Fund Manager Is 'More Bullish' On Oil Than Ever Before
Monday, October 3, 2016 - 9:02am | 299Read More...Investors who bought oil and oil-related stocks last week took a chance that an official OPEC meeting would result in an agreement which would limit the group's oil output. According to a Bloomberg report, many analysts were skeptical of any deal being finalized during the OPEC meeting but...
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IHS Markit's Dan Yergin: OPEC Only Reached An 'Agreement To Agree'
Thursday, September 29, 2016 - 2:59pm | 428Read More...The price of oil spiked higher on Thursday following reports that OPEC member nations have agreed to freeze oil output. However, according to IHS Markit Vice Chair Dan Yergin, an agreement wasn't in fact reached on Wednesday, rather an "agreement to agree." Speaking as a guest on CNBC's "Squawk Box...
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Oil Pro: The OPEC Meeting Is A 'Complete Farce'
Wednesday, September 28, 2016 - 1:16pm | 381Read More...OPEC members are meeting in Algiers to discuss a potential agreement to freeze oil output. Few experts are predicting that much will come out of the meeting, but one oil analyst went so far as to describe the meetings as a "complete farce." Michael Cohen, Barclays Head of Energy...
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Goldman: Q4 Oil Supply-Demand Balance Is 'Weaker Than Previously Expected'
Tuesday, September 27, 2016 - 11:27am | 341Read More...Analysts at Goldman Sachs, led by Damien Courvalin, previously forecast the global oil market to be characterized in the fourth quarter by a 300,000 barrel per day draw. On Tuesday, the analyst revised his forecast from a 300,000 barrel a day shortfall to now a 400,000 barrel per day surplus....
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Survey: No OPEC Deal Expected, Oil Spikes 3% Regardless
Monday, September 26, 2016 - 1:03pm | 307Read More...The price of oil spiked higher by nearly 4 percent Monday as OPEC member nations and their representatives gathered for an informal meeting to reach an agreement that will limit oil output levels. Commentary from Saudi Arabia and Iran appear to indicate that an agreement is unlikely to be...
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Oil Rises As Informal OPEC Meeting Underway
Monday, September 26, 2016 - 8:28am | 320Read More...The price of a barrel of crude oil inched higher early Monday morning by 0.94 percent, as OPEC members are meeting on the sidelines at the International Energy Forum to discuss a potential agreement that would limit oil output. Initial commentary from participants in the meeting and several...
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Former OPEC Chief Is 'Optimistic' Members Will Reach An Agreement Next Week To Curb Supply
Friday, September 23, 2016 - 8:06am | 273Read More...OPEC nations and major oil producing countries met in Doha, Qatar back in April to reach an agreement that would place a limit on oil output levels. As was expected, the meeting passed with no agreement finalized and the organization will meet again next week to discuss a similar agreement....
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Oil Heading Toward Largest Weekly Decline In A Month
Friday, August 26, 2016 - 10:09am | 365Read More...The price of a barrel of oil was trading lower Friday morning as comments from Saudi Arabia's energy minister dampens the prospect of an OPEC-sanctioned production cap. OPEC members are scheduled to meet next month to discuss a potential limit on how much oil can be exported. Saudi Arabia's oil...
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Oil Prices Boosted Amid Report That Iran Is Open To Cap Its Output
Tuesday, August 23, 2016 - 2:50pm | 248Read More...The price of a barrel of oil rose more than 1 percent on Tuesday after Reuters reported that Iran is open to an agreement with OPEC to cap its oil output to help boost the price of the commodity higher. OPEC nations will meet in September after a meeting earlier this year failed to lead to a...
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Report: Saudi Arabia Could Boost Its Oil Output Even Higher
Wednesday, August 17, 2016 - 1:37pm | 317Read More...Saudi Arabia's oil production in July of 10.67 million barrels per day marked the country's highest level in history. According to a report by Reuters, the country is looking to boost its oil production even higher ahead of a key OPEC meeting. Reuters, citing a "source from outside...
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Pro: Don't Expect Any Agreement When OPEC Meets Next Month
Wednesday, August 10, 2016 - 11:34am | 352Read More...Oil prices rallied above the $40 per barrel mark over the past few days on an optimistic view that the Organization of the Petroleum Exporting Countries could reach an agreement that would place a limit on oil production among its member nations. The reality of the situation, according to a...
