Sentences with phrase «oil prices closer»

With oil prices closer to the $ 100 per barrel mark, the oil sands start looking like a better bet.

Oil prices closed on Friday at $ 66.21 in London and $ 66.34 in New York.

Market commentators noted that Freeport benefited today from strong commodity markets, including a solid $ 1.50 - per - barrel gain to bring oil prices close to the $ 48 mark and a two - year high for copper prices to approach the $ 2.75 - per - pound level.

Not exact matches

Bets on rising crude prices are close to a near - record high,» PVM Oil Associates strategist Stephen Brennock said.

TORONTO — The Toronto stock market closed higher as energy stocks advanced while oil prices hit a 16 - month high and traders took in a mixed batch of U.S. earnings.

Shell's Chief Executive Officer Ben van Beurden said the oil sector had yet to emerge from troubled waters, but huge cost savings meant oil majors were getting closer to balancing their operations at today's oil prices of around $ 50 a barrel.

Commodity hedge funds have dwindled in recent years as oil prices slumped, leaving only a handful of larger players, including Hall, who ran the Astenbeck Capital Management fund until deciding to close it following losses this year.

Western Australia's only onshore oil producer has suspended production after being hit by the low oil price and the high cost of trucking its output to Wyndham rather than the much closer port at Broome.

Additionally, prices for its major commodity exports - crude oil and palm oil - have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis of the late 1990s.

Oil prices took off when the crisis hit Egypt, threatening to choke off oil supply lines by closing the Suez CanOil prices took off when the crisis hit Egypt, threatening to choke off oil supply lines by closing the Suez Canoil supply lines by closing the Suez Canal.

Throughout 2015, oil price have actually been closer to this $ 50 «worse case» than the $ 60 assumed when rates were first cut.

Legislators in a handful of oil - rich states are struggling to do the seemingly impossible as the 2016 fiscal year draws to a close this week: balancing their budgets, as required by law, despite massive declines in revenues due to falling oil prices.

The Australian share market has closed 1.6 per cent lower, as a sharp drop in oil prices pulled back energy stocks, and resources stocks weakened.

Prices for major commodity exports crude oil and palm oil have dropped sharply and its currency, the ringgit, is trading close to its lowest levels since the Asian financial crisis in the late 1990s.

Even if prices are expected to rise by the end of the year since high oil prices will no longer appear in the data, the number will be far from the «below but close to 2 %» target.

Given the strong correlation between oil prices and energy company earnings, it is not surprising that earnings estimates for the energy sector are moving closer together as well.

Based on the current level of oil prices, this forecast implies that headline CPI inflation would remain close to 3 per cent in the short term.

As for consumers, it bears asking whether they're really any better off paying high prices for oil that's pumped close to home versus crude that's imported from overseas.

Dubai's main stock market and Abu Dhabi's index have closed at their lowest points of the year amid mounting anxiety over plunging oil prices.

Looking ahead into 2018, I am keeping a close eye on the energy sector, where the ability of US exploration and production (E&P) companies to grow oil production — at half the price of oil from just a few years ago — remains a competitive advantage for these firms.

Brent crude is getting closer to the all - important (at least psychologically) threshold of $ 60 per barrel, and oil prices are back in bull market territory.

Oil futures have fallen about $ 3 a barrel from two weeks ago when London prices were close to $ 70.

«Oil's price collapse is closing down high - cost production from Eagle Ford in Texas to Russia and the North Sea,» the IEA said in its monthly report.

Domestic oil prices are now much closer to those in the rest of the world.

With the economy expected to resume above - potential growth in the near term, our expectation is that inflation will converge on 2 per cent as the output gap closes and the temporary effects of low oil prices and past exchange rate depreciation dissipate.

In June, the price of a barrel of oil began to fall and by October it was down to close to $ 80.

Okay, maybe not completely over, or even close to almost over, but is sure was nice for a while to taste the sweet nectar of oil prices over $ 50, no matter how fleeting that might be.

Cenovus Energy Inc. closed down 5.56 per cent after it said its oilsands operations have been operating at reduced rates due to wider - than - normal light - heavy oil price differentials and pipeline capacity constraints.

The correlation analysis approach is employed when a forex trader waits for the perfect moment when the crude oil graph exhibits a delayed response close to expiry, the investor would then execute the trade based on the direction of EURO / USD relative to the present price of oil.

In recent weeks, the price of crude oil has fluctuated around a level close to the June quarter average.

A full - year recession would only be likely for Russia in 2015 if oil prices drop closer to $ 90 / bl, above where they are now.

Inflation is expected to fall to close to zero in 2015, but growth should be revised up as falling oil prices help boost consumer spending in the eurozone.

Business columnists highlighted a 6 % to 8 % drop in share price at MEG Energy, Trilogy and Cenovus, but they failed to mention that Suncor, Husky and Imperial dropped less than half that amount (about 3 %) and that all energy stocks were up by the close of business Friday due to higher crude prices and «a more positive sentiment for things oil - related these days.»

Keep a very close on the Chinese equity markets and price of Crude Oil.

While the market continues to communicate concern over rising levels of shale production, this bullish inventory data coupled with a slightly softer USD profile, it's easy to see why oil prices are finding fresh session highs going into the NY close.

Mortgage rates are close to record lows in 2017 thanks to turmoil in China, Brexit, sliding oil prices, and a highly volatile stock market.

Oil futures jumped nearly 3 per cent on a decline in US crude inventories and after sources signalled Saudi Arabia wants to see the crude price closer to $ US100 a barrel.

Brian Reynolds, the chief market strategist at New Albion Partners, was one of the many concerned — until he took a closer look at the oil price action.

It was a volatile week with oil prices climbing slowly on Monday and Tuesday, falling by over $ 2 a barrel on Wednesday and Thursday, and then rebounding to close down about 50 cents for the week on Friday.

Oil prices moved back up closer to $ 50 per barrel on the sudden surge in optimism surrounding an OPEC deal.

I think sooner or later this price divergence will have to close, either by natural gas prices rising, oil prices falling or a combination of the two.

At the beginning of the oil price crisis in 2014, Saudi Arabia started off with debt - to - GDP ratio close to zero.

But that then merely throws a lifeline to U.S. shale, which could come back to life if oil prices move closer to, say, $ 60 per barrel.

But since mid-November, oil prices have increased, suggesting that some oil traders are closing out short positions, which could be because sentiment around the chances of an OPEC deal have improved.

With oil futures prices rising — in expectation of decreased production, therefore presumably increasing prices — the cycle between low and high oil prices gets closer to a theoretical if unachievable equilibrium.

This, in spite of crude - oil prices averaging about $ 43 per barrel during the year, which is very close to all - time lows for the commodity.

The agency said that with the number of rigs running in the US plunging by 60 per cent in response to lower oil prices, US shale oil production had «buckled» in April, «bringing a multiyear winning streak to an apparent close».

What if by tomorrow the oil price is close to zero, what do we do?

The economist said that a benchmark oil price of 44.50 dollars per barrel of crude oil was close to the prevalent market rate of 47 dollars per barrel.

Comparatively, the share price of Ghana oil company limited (GOIL) at the close of the year 2010 was GH 0.29.