World oil market chronology from
ExxonMobil Q2 Profits Nearly Double On Higher Oil Prices To $3.4 Bn
ExxonMobil saw its second-quarter profits nearly double from the year-ago period due to higher oil prices and better...
Stock Markets Buoyed Before Fed Update
World stock markets climbed Wednesday, with all eyes on the Federal Reserve's US interest rate decision as corporate...
Gasoline Prices Drag Down US Inflation, Retail In May
Falling US gasoline prices drove inflation and retail sales down in May, defying expectations and raising more...
Gasoline Prices Drag Down US Inflation, Retail In May
Falling US gasoline prices drove inflation and retail sales down in May, defying expectations and raising more...
Oil Price Plummets Despite Deal To Extend Output Cut
The price of oil has plummeted by about 5%, despite oil-producing nations agreeing to extend production cuts for a...
Wall Street Forges Higher Despite Oil Market’s Glum Mood
Buoyant trading in New York saw Wall Street set fresh records on Thursday, with US stocks recording their sixth...
Oil Producers To Extend Output Curbs At OPEC Meeting
Oil producers inside and outside the OPEC cartel have little choice but to extend their deal from late 2016 curbing...
Asian Energy Firms Lead Market Gains On Hopes For Oil Ouput Cut
Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that an...
Oil Price Tumbles To Five-Month Low
The oil price has fallen to a five-month low as investor concerns resurface about a worldwide glut. Brent crude dropped...
Oil Prices Have Plunged 15% In 3 Weeks
Renewed fears about the oil supply glut have sent crude prices plunging 15% Renewed fears about the oil supply glut...
Oil Output Cuts Pressure Mideast Economic Growth
Economic growth in Saudi Arabia and most other Arab oil exporters will slow this year following production cuts aimed...
US New Home Sales Highest In 7 Months
Sales of new US homes rose sharply in February, to their highest level in seven months, while the average price reached...
Asian Stocks Mark Time, Waiting For Clearer View On U.S. Rates
Asian stocks consolidated recent gains on Wednesday before a U. S. central bank policy meeting that could signal how...
Fuel Prices Expected To Fall By 3%
Fuel prices is expected to fall by about 3% later this month. This is according to the Institute for Energy Security...
Energy Drags On Wall St. As Oil Falls Further; Airlines Slide
U. S. stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks...
Oil Touches Three-Month Lows, As U.S. Supply Swells
Oil hovered around three-month lows on Monday, as rising U. S. inventories and drilling activity offset optimism over...
Stocks Rise As U.S. Jobs Data Points To Rate Hike; Crude Slips
Crude oil resumed a sharp decline and global equity markets rose on Friday after a robust U. S. jobs report drove home...
U.S. Energy Stocks, Darlings Last Year, Stumble In 2017
The energy sector is the stock market's dud so far in 2017 after a banner performance in 2016, and the rest of the year...
Global Stocks Off Highs, Dollar Edges Lower As Fed Rate Rise Looms
The dollar retreated on Friday after two days of gains while world stocks pulled further back from all-time highs as...