Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 55 results for "Brent oil"

Oil's not so slick

BENJAMIN ONG  |  TUESDAY, 20 JUN 2017
... again after the May 25 extension. Crude oil traded above the psychological US$50/barrel mark - WTI oil at US$50.99; Brent oil at US$53.29 - the day before OPEC announced the output cut extension before resuming its downtrend, taking the price of West ...

Damned if they do, damned if they don't

BENJAMIN ONG  |  MONDAY, 3 APR 2017
... non-members by 600,000 barrels per day starting 1 January 2017 and would last for six months, sending oil prices soaring. Brent oil ended the year 2016 at US$54.96/barrel - up 50.1% for the full year and up 111.3% from the 2016 low of US$26.01/barrel ...

Less than expected but good

BENJAMIN ONG  |  THURSDAY, 23 MAR 2017
... rose by 1.2% in the year to February, this appears to be a function of the surge in oil prices over the same period - Brent oil jumped by 55.1% over the same period. This is underscored by the sharp increase in imports of mineral fuels (up38.1%) and ...

No other way but up

BENJAMIN ONG  |  MONDAY, 13 MAR 2017
... into the domestic economy - and this comes at a time when crude oil prices have started to reverse their upward trend. Brent oil prices have slumped by 8.8% from their 2017 highs while the price of WTI oil has fallen by 11.0%. Not surprisingly, 10-year ...

Energy fuels US cross-border inflation

BENJAMIN ONG  |  FRIDAY, 13 JAN 2017
... reading since July 2014. The price of WTI oil went up by 8.8% in the month of December and 44.8% over the past 12 months. Brent oil rose by 14.6% in the month and 50.1% over the year.

CPI says RBA no go on Melbourne Cup Day

BENJAMIN ONG  |  THURSDAY, 27 OCT 2016
... results. Decline in commodity prices... no more. This year to date, S&P GSCI commodity prices index has risen by 19.7%, Brent oil's up 38.5%, Iron ore by 43.6% and World Bank data shows the Australian Coal price has risen by 40% in the first nine months ...

Oil's rally could slip

BENJAMIN ONG  |  MONDAY, 17 OCT 2016
... to 33 million barrels per day (mpd) -- from 33.4 mpd and it was good for oil investors and speculators. The price of Brent oil has risen by 41.9% since the start of this year to date while WTI oil prices gained 35.5%. Those brave souls who bought when ...

It's "whatever it takes" time again

BENJAMIN ONG  |  FRIDAY, 22 JAN 2016
... Eurozone inflation figures show consumer prices moving in the right direction. Continued price gains are now at risk. Brent oil was fetching US$42 a barrel and WTI oil US$41.08 when the announced the "disappointing" stimulus measures on the 3rd of December. ...

Fed's plan slips on oil

BENJAMIN ONG  |  THURSDAY, 21 JAN 2016
... continued slide in oil prices. As at last night, WTI oil's down 28% to US$26.55 a barrel from its 2015 closing level; Brent oil's down 25% to US$27.77 per barrel. The present financial market turmoil has already prompted safe-haven buying of the US dollar ...

Drown baby, drown

BENJAMIN ONG  |  MONDAY, 18 JAN 2016
... before sanctions were imposed, sending oil prices down to fresh 12-year lows - WTI oil down 1.8% to US$29.42/barrel and Brent oil down 1.9% to US$28.94/barrel. The US Energy Information Administration (EIA) forecast that production would increase by ...