Oil prices rise ahead of expected U.S. interest rate cut

Oil prices rise ahead of expected U.S. interest rate cut

Oil prices extended overnight gains on Tuesday amid widespread expectations the U.S. Federal Reserve will cut interest rates for the first time in more than a decade this week. Brent crude LCOc1 rose 30 cents, or 0.5%, to $64.01 a barrel by 0013 GMT, after gaining 0.4% the previous session.U.S. crude

Oil loses ground on pessimism over U.S.-China trade talks

Oil loses ground on pessimism over U.S.-China trade talks

Oil prices weakened on Monday amid pessimism over U.S.-China trade talks and the prospect of slower economic growth globally that could reduce demand for crude. Brent crude futures were down 33 cents at $63.13 a barrel by 1102 GMT. Prices rose 1.6% last week.

LNG-Asian prices drop on lack of demand to offset oversupply

LNG-Asian prices drop on lack of demand to offset oversupply

Spot liquefied natural gas (LNG) prices in Asia dropped this week as no substantial demand emerged to offset an oversupply of cargoes in the market. The LNG price for northeast Asia delivery in September is estimated at $4.25 per million British thermal units (mmBtu), a 35 cent drop from the previous week.

1 2 3 26