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Oil prices fall on strong dollar, trading thin ahead of OPEC meeting

November 25, 2016 by · Leave a Comment 

By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell on Friday, under pressure from a strong dollar, but activity was low after the U.S. Thanksgiving holiday and with many traders reluctant to take big…

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Oil prices fall on strong dollar, trading thin ahead of OPEC meeting

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OPEC sights set for now on $50-60 per barrel oil: PIRA’s Ross

October 4, 2016 by · Leave a Comment 

OPEC producers have their sights set on a sustained oil price of $50-$60 per barrel, a modest ambition for the first cut in supply by the oil exporting group in eight years, says one of the industry's top forecasters. Benchmark U.S. oil prices have risen around $4, or around nine percent, to over $48 per barrel since the Organization of the Petroleum Exporting Countries (OPEC) agreed last week to …

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OPEC sights set for now on $50-60 per barrel oil: PIRA’s Ross

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U.S. retail group expects pickup in holiday sales growth

October 4, 2016 by · Leave a Comment 

U.S. holiday sales will increase by 3.6 percent in 2016, more sharply than last year, as a stronger job market and robust household spending have improved consumer sentiment, according to an outlook from the leading retail industry group. The National Retail Federation forecast sales for the last two months of the year at $655.8 billion, excluding for autos, gasoline and dining out. The NRF's forecast is one …

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U.S. retail group expects pickup in holiday sales growth