Victor Shum
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Oil prices recover ground
Mar 20, 2013 08:05 EDT
Global crude oil prices bounced back on Wednesday after eurozone finance ministers and the European Central Bank (ECB) vowed to support Cyprus as a crucial bailout deal stood on the brink of collapse, analysts said.
Oil strikes multi-month peaks on eve of Fed
Jan 29, 2013 13:38 EST
Global oil prices hit multi-month highs on Tuesday on the back of the weaker dollar and on the eve of a key monetary policy announcement in top crude consumer the United States, dealers said.
Oil prices rebound on upbeat German data
Jan 22, 2013 13:04 EST
Oil prices rebounded on Tuesday, as a weaker dollar boosted demand and in the wake of upbeat German economic data, analysts said.
Oil prices rebound
Jan 22, 2013 08:41 EST
Oil prices rebounded on Tuesday, as a weaker dollar boosted demand and in the wake of upbeat German economic data, analysts said.
Oil prices stable as traders eye new US pipeline
Jan 14, 2013 13:14 EST
Global oil prices steadied on Monday after the completion of a major US pipeline expansion project that will cut oversupplied inventories in the United States, the world's biggest crude consuming nation.
Oil prices drop as China economy slows
Oct 18, 2012 08:42 EDT
Oil prices fell on Thursday as economic data showed slowing growth in China, the world's biggest energy consumer, which added to weak demand in the United States, traders said.
Oil prices mixed in quiet trade
Oct 16, 2012 16:43 EDT
Crude oil prices were mixed in quiet trade Tuesday as investors pitted upbeat economic data against a slack global demand outlook and tensions in the Middle East, analysts said.
Oil prices dip on poor demand outlook
Oct 10, 2012 07:17 EDT
World oil prices weakened on Wednesday, as the gloomy demand outlook overshadowed concerns about heightened tensions in the crude-rich Middle East region, traders said.
Oil prices drop after brief rebound
Sep 24, 2012 08:06 EDT
Oil prices slid on Monday, mirroring the pattern seen across stock markets and on concerns over a weak demand outlook for crude, traders said.
Oil prices drop on weak China data
Aug 10, 2012 07:54 EDT
Crude oil prices dropped on Friday in the wake of disappointing Chinese trade data and a downgrade to crude demand growth by the International Energy Agency.
IEA cuts global oil demand forecasts
Aug 10, 2012 06:30 EDT
Faltering economic growth will undercut global oil demand this year and next, the International Energy Agency said Friday, citing slowdowns in China and the United States in particular.
Oil falls on fading US stimulus hopes
Jun 08, 2012 07:07 EDT
Oil prices fell on Friday as hopes dimmed for stimulus measures to re-energise the faltering US economy, analysts said.
Oil prices rebound on bargain hunting
May 24, 2012 13:37 EDT
Oil prices rebounded slightly on Thursday as investors went bargain hunting after New York crude slumped below $90 a barrel the previous day, analysts said.
Brent oil price hits lowest level since December
May 17, 2012 13:53 EDT
The price of Brent crude retreated Thursday, hitting the lowest level for over five months, while oil futures steadied in New York a day after hitting six-month lows amid signs of weak energy demand.
Oil prices drop further amid eurozone tensions
May 09, 2012 07:25 EDT
Oil prices fell further on Wednesday in line with shares amid tensions over the eurozone's political and economic problems, although bargain-hunting provided support, analysts said.
Oil prices drop after strong gains
Apr 03, 2012 08:04 EDT
Oil prices fell on Tuesday as traders booked profits following a strong start to the week.
Oil prices rebound amid Mideast tensions
Mar 16, 2012 17:06 EDT
World crude oil prices surged Friday as traders worried about Middle East supply amid the West's rising frictions with Iran and Syria.
Oil prices fall as dollar firms
Mar 12, 2012 08:29 EDT
Oil prices dropped on Monday as the dollar firmed against rival currencies and in the wake of weak Chinese economic data, analysts said.
Eurozone gives Greece ultimatum for new bailout
Feb 10, 2012 02:42 EST
Eurozone finance ministers put off a decision on a new bailout to save Greece from bankruptcy, giving Athens less than a week to meet three conditions in return for 130 billion euros in aid.
Global stocks gain as Greece passes austerity bill
Feb 09, 2012 12:02 EST
TOKYO (Reuters) - Asian shares and the euro gained on Monday after Greece came a step closer to securing a much-needed bailout fund and avoiding a messy default, though most of the recent optimism appeared to have been already priced in.
