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Oil and Commodities

18 September 05:34 PM US crude oil inventories rise as futures extend drop
Mubasher: US crude oil stockpiles climbed by 1.1 million barrels to 417.1 million barrels in the week ended 13 September.
18 September 11:17 AM Oil falls on Saudi reassuring remarks; focus on Fed decision
Mubasher: Oil prices eased on Wednesday as Saudi Arabia announced that crude production would be resumed, Reuters reported.
17 September 10:14 AM Oil falls; markets on edge over response to Saudi attacks
Mubasher: Oil dropped but the market remained on edge over the threat of a military response to attacks on Saudi Arabia’s crude processing installations.
16 September 02:22 PM Russia sees sufficient global inventories to offset Saudi disruption
Mubasher: The world's oil inventories have sufficient supply to replace the temporarily lost barrels due to the attacks on Saudi Arabia’s oil facilities.
16 September 11:04 AM Oil soars after attack on Saudi crude facilities
Mubasher: Oil prices soared on Monday, with Brent recording its biggest intra-session gain since more than 28 years, after Saudi Arabia's oil facilities were attacked.
13 September 11:13 PM Oil settles 24-cent down on Friday
​​​​​​​Mubasher: Oil futures declined at Friday’s settlement, losing 3% for the week.
13 September 11:54 AM Oil falls on global demand slowdown fears  
Mubasher: Oil prices declined on Friday amid looming risks from global economic growth and sluggish demand, even with signals of progress on US-China trade talks.
12 September 10:40 PM Oil marks 3rd loss in row on Thursday  
Mubasher: Oil futures declined at Thursday’s settlement, recording its third successive loss.  
12 September 06:11 PM OPEC producers Iraq, Nigeria pledge to reduce oil supply
Mubasher: The Organization of the Petroleum Exporting Countries asked over-supplying Iraq and Nigeria to trim their output in line with the targeted caps.
12 September 05:34 PM US natural gas storage climbs as futures drop
Mubasher: US natural gas storage posted a build-up of 78 billion cubic feet (Bcf) in the week ended 6 September, totalling 3,019 Bcf.
12 September 05:15 PM US on course to become world’s top oil producer–IEA
Mubasher: The US is expected to become the world's top oil producer, having surpassed Saudi Arabia for a while earlier this year.
12 September 10:57 AM Oil rises on possible ease in US-Sino tariff feud
Mubasher: Oil prices rose on Thursday amid "goodwill" signs of a thaw in the trade tensions between the US and China.
11 September 05:36 PM US crude stockpiles drop as oil futures rise
Mubasher: US crude oil inventories fell by 6.9 million barrels to 416.1 million barrels in the week ended 6 September.
11 September 04:08 PM OPEC crude output rises in August on Saudi supply surge
Mubasher: Oil output from member states of the Organization of the Petroleum Exporting Countries grew last August.
11 September 03:09 PM OPEC downgrades 2020 oil demand outlook
Mubasher: The Organization of the Petroleum Exporting Countries on Wednesday asserted the necessity to sustain efforts to prevent a new market glut.
11 September 10:35 AM Oil jumps on steep US crude inventory drawdown
Mubasher: Oil prices rose on Wednesday owing to a more-than-expected drop in the US crude stockpiles last week, Reuters reported.
10 September 10:20 PM Oil settles 45-cent down on Tuesday
Mubasher: Oil futures went down at Tuesday’s settlement, marking first loss in five sessions.
10 September 11:26 AM Oil edges up on hopes of extending supply curbs
Mubasher: Oil prices hit their highest peak since nearly six weeks, amid hopes that world's major producers would agree to roll over supply restraints.
9 September 01:11 PM Oil climbs as Saudi Arabia renews commitment to cuts
Mubasher: Oil prices climbed on Monday after Saudi Arabia named a long-time oil veteran Prince Abdulaziz bin Salman as its new energy minister.
6 September 11:13 PM Oil rises at Friday’s finish      
Mubasher: Oil futures settled higher on Friday, growing 2.6% in a week.
6 September 02:32 PM Oil falls on global slowdown fears, despite US-Sino trade optimism
Mubasher: Oil prices fell on Friday as worries about a global economic slowdown persisted, despite bitter trade tensions between Washington and Beijing showed signs de-escalation.
5 September 10:42 PM Oil stabilises at Thursday’s end     
Mubasher: Oil futures ended near stability at Thursday’s settlement,
5 September 06:10 PM US crude inventories fall 4.8m barrels as oil futures surge
Mubasher: Crude oil inventories in the US dropped by 4.8 million barrels to 423 million barrels in the week ended 30 August.
5 September 05:35 PM US natural gas storage rises; futures fall
Mubasher: The US natural gas storage posted a build-up of 84 billion cubic feet in the week ended 30 August, totalling 2,941 billion cubic feet.
5 September 12:02 PM Oil declines on surprise US stockpile buildup despite trade optimism
Mubasher: Oil retreated on Thursday after industry data showed an unexpected buildup in US crude stockpiles, despite hopes of a thaw in US-Sino trade tensions.