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Tag Archives: US benchmark

Brent crude gains 68 cents to $62.08: Oil value edges up in Asia

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SINGAPORE: Oil prices edged up in Asia Tuesday following an upbeat outlook by key producer Kuwait, while investors are keeping tabs on Greece’s troubled debt talks with its creditors. US benchmark West Texas Intermediate for March delivery rose 44 cents to $53.22, while Brent crude for April gained 68 cents to $62.08 in afternoon trade. Greek Finance Minister Yanis Varoufakis ... Read More »

Hong Kong stocks dip at end, Shanghai sheds 7.70%

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HONG KONG: Asian stocks mostly climbed following a rally on Wall Street and a strong pick-up in oil value. However, Shanghai has plunged almost eight per cent after regulators punished three major brokerages for rule violations. The euro continued to struggle against the dollar and yen on Monday before this week’s European Central Bank (ECB) meeting that is expected to ... Read More »

Australian stocks start 0.4% higher, S&P 200 adds 21.7pts

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SYDNEY: Australian stocks started 0.4 percent higher because of strong lead from Wall Street, while broad fall in the prices of copper, iron ore and oil had an effect on some energy and material stocks. At the official 10.15am (AEDT) market open, the benchmark S&P/ASX200 index was up 21.7 points, or 0.4 per cent, to open at 5,416.2 points, while ... Read More »

Oil remains mix in Asia as Brent falls $1.96 to lowest close since 2010

Oil-drums

TOKYO: Oil prices Wednesday witnessed variation in Asia as Saudi Arabia further cut price and Brent fell $1.96 in London to its lowest close since October 2010. The US benchmark, West Texas Intermediate (WTI) for December delivery, rose 12 cents to $77.31 while Brent crude for December fell 20 cents to $82.62 in late-morning trade. WTI had dropped $1.59 in ... Read More »