Sentences with phrase «push crude prices»

This drop in expected oil consumption has pushed crude prices to multi-month lows.

Not exact matches

Goldman Sachs is not ready to raise its $ 62 target on Brent and $ 57.50 forecast for U.S. crude in 2018, but says there's a growing risk that global inventories will fall too quickly and push up prices.

As recently as this spring, Brent Crude prices had been pushing $ 115 a barrel owing to tensions along the Russian - Ukrainian border.

A glimmer of good news: by the final quarter of 2016, oil prices were beginning to rebound, pushing the company's average realized crude selling price up 4.9 %, to $ 45.97 a barrel.

All this because the arm - waving following the summer's run to $ 147 - a-barrel crude — which briefly pushed the headline consumer price index above 5 % — scared the Fed into wanting to look tough on inflation.

Oil - producing countries, meanwhile, are proving «remarkably successful in better aligning supply to demand, draining the crude oil glut and pushing oil prices to their highest levels since 2014,» DeHaan said.

While the trade data had little impact on U.S. financial markets, concerns about weakening global demand pushed Brent crude oil prices to the lowest level in more than four years, dragging down U.S. stocks.

That pushed down the price of West Texas Intermediate (WTI), the benchmark price for mid-continent oil, but had a much smaller effect on Brent crude, the benchmark price for most oil outside North America.

Oil prices pushed lower for most of last week on the news that U.S. commercial crude inventories rose to the highest level for this time of the year in at least 80 years, though prices reversed sharply on Friday.

But in early March figures revealed that a resurgence in production in US shale fields had increased US crude inventories to record levels, which pushed a leading benchmark for oil prices below US$ 50 per barrel for the first time this year.

Strong demand for crude oil and the entire energy sector continues to push prices higher as I still think we will trade above the $ 70 level in the weeks ahead as global supplies have dwindled over the last year due to the fact that worldwide economies are improving which is a terrific thing to see in my opinion.

If Trump does scrap the deal, it could lead to the re-imposition of secondary sanctions on Iran, pressuring countries to cut their purchases of Iranian crude, denting global supplies, pushing oil prices higher.

However, a global rally in crude prices pushed domestic fuel prices far higher than those levels.

Oil prices on Thursday hit their highest since December, 2014, pushed up after U.S. crude inventories posted a 10th straight week of declines and as the dollar continued to weaken.

But now the country has been running short of dollars as oil revenues have fallen along with the price of crude, pushing the economy into its first recession in a quarter of a century.

On Tuesday, the American Petroleum Institute reported a 4.6 - million - barrel buildup in U.S. crude stockpiles, pushing prices lower.

Crude oil price gains pushed the Loonie around for yet another week, but the Canadian currency also took some cues from positive remarks by BOC head Poloz.

Self - sufficient 15 years ago, China is now a major importer of crude, which has pushed global prices up to record highs and led to friction with the US and Japan over scarce resources.