Latest Brent crude markets News

Energy companies lead US stocks lower after oil price plunge

Nov. 13, 2018 5:07 PM EST

The steepest drop in oil prices in more than three years put investors in a selling mood Tuesday, extending a losing streak for the S&P 500 index to a fourth day. Energy stocks led a late-afternoon sell-off on Wall Street after the price of U.S. crude oil plunged 7.1 percent to $55.69 a barrel, the lowest...

Asian stocks sink after Wall Street tech sell-off

Nov. 12, 2018 11:25 PM EST

BEIJING (AP) — Asian stocks sank Tuesday after a tech sell-off dragged Wall Street lower. KEEPING SCORE: Tokyo's Nikkei 225 tumbled 3.2 percent to 21,554.45 and Hong Kong's Hang Seng lost 1.1 percent. The Shanghai Composite Index was off 0.2 percent at 2,625.37 and Sydney's S&P-ASX 200 gave up 1.9...

Oil drops again after Trump tweets against production cuts

Nov. 12, 2018 7:40 PM EST

Oil prices are falling again, this time helped lower by a tweet from President Donald Trump. The presidential tweet Monday was in response to news that OPEC, led by Saudi Arabia, and allies including Russia were signaling willingness to consider production cuts to stem a six-week slide in crude prices....

Abu Dhabi summit: Oil production cuts may be necessary

Nov. 12, 2018 2:16 PM EST

ABU DHABI, United Arab Emirates (AP) — OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps by as much as 1 million barrels of oil a day, to rebalance the market after U.S. sanctions on Iran failed to cut Tehran's output, Saudi Arabia's energy minister said Monday. The...

Stocks skid as tech companies fall; oil plunge continues

Nov. 9, 2018 4:52 PM EST

NEW YORK (AP) — U.S. stocks fell Friday as a combination of weak economic data from China and disappointing earnings hurt technology and internet companies. Crude oil prices fell for the 10th day in a row. Auto sales in China fell in October for the fourth month in a row and are down 13 percent from a year...

Stocks skid as oil plunge continues; tech sector also falls

Nov. 9, 2018 12:05 PM EST

NEW YORK (AP) — U.S. stocks are falling Friday as technology and internet companies take steep losses. Energy companies are also lower as crude oil heads for its 10th drop in a row. The price of oil has been falling steadily since early October and is now trading at its lowest price since April, causing...

Asian stock markets sink after Wall Street rally fades

Nov. 8, 2018 10:48 PM EST

BEIJING (AP) — Asian stock markets fell Friday after a post-election Wall Street rally faded amid expectations of U.S. interest rate hikes despite the Federal Reserve's decision to hold off this week. KEEPING SCORE: The Shanghai Composite Index lost 0.8 percent to 2,614.37 and Tokyo's Nikkei 225 retreated...

Asian markets rise pending US midterm election results

Nov. 6, 2018 10:28 PM EST

TOKYO (AP) — Asian shares were mostly higher Wednesday as investors awaited results from the U.S. midterm elections, which could have an impact on the global economy and trade. KEEPING SCORE: Japan's benchmark Nikkei 225 added 1.3 percent in morning trading to 22,428.20. Australia's S&P/ASX 200 edged...

World markets turn lower as eyes turn to US midterm election

Nov. 6, 2018 7:18 AM EST

BANGKOK (AP) — Global stock markets turned lower Tuesday, with Wall Street expected to dip on the open, as cautious investors awaited the outcome of the U.S. midterm elections. KEEPING SCORE: Britain's FTSE 100 lost 0.7 percent to 7,054 while Germany's DAX shed 0.2 percent to 11,470. The CAC 40 in France...

Asian shares meander, oil lower ahead of US midterms vote

Nov. 5, 2018 11:32 PM EST

BANGKOK (AP) — Share prices are mixed in Asia as markets await the outcome of the U.S. midterm elections. KEEPING SCORE: Japan's Nikkei 225 index jumped 1.0 percent to 22,104.37 and the Kospi in South Korea added 0.1 percent to 2,078.75. The Shanghai Composite index slipped 1.1 percent to 2,637.35 and Hong...