United States

Ramya Venugopal

Brent steady above $104 on U.S. housing data, supply worries

May 29 2013

CHENNAI, India Brent crude futures steadied above $104 per barrel on Wednesday, as upbeat U.S. housing and consumer confidence data sparked expectations of improved demand from the world's top consumer.

Brent slips further below $106 on renewed demand worries

Apr 11 2013

CHENNAI Brent futures edged further below $106 per barrel on Thursday as key forecasters trimmed their outlooks for global oil demand growth, while an inventory buildup in top consumer the United States also hurt prices.

Brent steadies near $106, China import growth supports

Apr 10 2013

CHENNAI, India Brent crude futures steadied around $106 per barrel on Wednesday after China's total imports surged in March, suggesting that recovery in the world's No 2 oil consumer is gathering momentum.

Brent rises towards $105, Japan stimulus aids; China eyed

Apr 08 2013

CHENNAI Brent crude rose towards $105 per barrel on Monday as Japan's ambitious plan to stimulate the world's third largest economy is expected to enhance liquidity in the markets, although weak U.S. jobs data kept a lid on gains.

Brent slips below $110 on weak demand outlook, stronger dollar

Mar 12 2013

SINGAPORE Brent futures slipped below $110 a barrel on Tuesday on worries of a slowdown in demand growth from China and the United States, two of the world's biggest oil consumers, with a rise in the dollar weighing further on the market.

Brent steady near $111; ECB meeting, econ data in focus

Mar 07 2013

SINGAPORE Brent crude futures steadied around $111 per barrel on Thursday as traders eyed central bank meetings and economic data this week to get a better picture on the prospects for oil demand in the world's top consumers.

Brent slips towards $110 on U.S. fiscal worries

Mar 04 2013

SINGAPORE Brent crude futures slipped towards $110 per barrel on Monday, extending their more than 7 percent drop of the past three weeks, hurt by concerns a fiscal crisis in the United States and worrying data from China would sap demand in the top two consumers.

Brent rises towards $118 on strong China data, Iran worries

Feb 08 2013

SINGAPORE Brent futures rose towards $118 per barrel on Friday, heading for a fourth weekly gain as robust trade data from China bolstered the outlook for demand, while escalating tensions in the Middle East stoked concerns over supply.

Brent loses ground below $112 on oversupply worries

Jan 21 2013

SINGAPORE Brent futures lost ground on Monday after a three-day rally last week, dropping further below $112 per barrel as economic worries and concerns of oversupply offset fears of unrest in the Middle East.

Brent inches up towards $112 as China data beats expectations

Jan 10 2013

SINGAPORE Brent crude futures inched up towards $112 per barrel on Thursday after trade numbers from China beat analysts' expectations, sparking hopes that recovery in the world's second-biggest oil consumer will drive fuel demand higher.

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