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WPI crude News

11 Dec 2015

Asia stocks head for weekly loss, China yuan hits 4-1/2-year low

Asian shares slumped on Friday, on track for a weekly loss as plunging crude prices heightened fears about receding global growth, while China`s yuan hit its weakest level in more than four years.

10 Dec 2015

OPEC says cheap oil to hit rival supply harder in 2016

OPEC forecast on Thursday that oil supply from non-member countries will fall more sharply next year, a development that would suggest its strategy reaffirmed last week of defending market share not prices is working.

09 Dec 2015

Oil prices rise but stay near multi-year lows

Oil prices crept higher Wednesday but still struggled near multi-year lows as analysts warned the weakness will continue past next year.

09 Dec 2015

Oil rises as US crude inventories dip, Japan machinery orders bounce

Oil prices rose on Wednesday as U.S. crude stocks dipped, while Japan posted rising machinery orders, lending the market support amid an ongoing supply glut that could see the market run out of onshore crude storage sites in the first quarter of 2016.

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