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Oil prices rise on North Sea outage, ahead of OPEC, G20 meetings by  www.expertcommodity.com Oil prices  rose by one percent on Wednesday ahead of an OPEC meeting next week at which the producer club is expected to decide some form of supply cut to counter an emerging glut. The shutdown of Britain's largest North Sea oilfield for repairs also supported prices, traders said. U.S.  West Texas Intermediate  (WTI) crude futures were at $52.11 per barrel at 0448 GMT, up 55 cents, or 1.1 percent from their last settlement. International  Brent crude  oil futures were up 57 cents, or 1 percent, at $60.78 per barrel. Click Here:  www.expertcommodity.com The Buzzard oilfield, which pumps about 150,000 barrels per day (bpd) has closed temporarily after the discovery of pipe corrosion. A smaller field linked to Forties, Total's Elgin-Franklin, is also shut for maintenance. As a result, trade sources said three cargoes due to lo...

Seeing the bigger picture: oil price slump is part of broader Asian pullback by www.expertcommodity.com The steep plunge in crude futures in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks. Those assets had done well in recent years, boosted by economic growth in nations such as China, India and Indonesia. But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar. Click Here: www.expertcommodity.com As part of that shift, oil markets have lost a third of their value since early October. "Anything denominated against the USD is under pressure right now," said Gregg McKenna, an independent c...

Seeing the bigger picture: oil price slump is part of broader Asian pullback by www.expertcommodity.com The steep plunge in  crude futures  in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks. Those assets had done well in recent years, boosted by economic growth in nations such as China, India and Indonesia. But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar. Click Here:  www.expertcommodity.com As part of that shift, oil markets have lost a third of their value since early October. "Anything denominated against the USD is under pressure right now," said Gregg McKenna, an indepen...

Seeing the bigger picture: oil price slump is part of broader Asian pullback by www.expertcommodity.com The steep plunge in  crude futures  in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks. Those assets had done well in recent years, boosted by economic growth in nations such as China, India and Indonesia. But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar. Click Here:  www.expertcommodity.com As part of that shift, oil markets have lost a third of their value since early October. "Anything denominated against the USD is under pressure right now," said Gregg McKenna, an indepen...

Seeing the bigger picture: oil price slump is part of broader Asian pullback by www.expertcommodity.com The steep plunge in  crude futures  in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks. Those assets had done well in recent years, boosted by economic growth in nations such as China, India and Indonesia. But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar. Click Here:  www.expertcommodity.com As part of that shift, oil markets have lost a third of their value since early October. "Anything denominated against the USD is under pressure right now," said Gregg McKenna, an indepen...

Seeing the bigger picture: oil price slump is part of broader Asian pullback by www.expertcommodity.com The steep plunge in  crude futures  in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks. Those assets had done well in recent years, boosted by economic growth in nations such as China, India and Indonesia. But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar. Click Here:  www.expertcommodity.com As part of that shift, oil markets have lost a third of their value since early October. "Anything denominated against the USD is under pressure right now," said Gregg McKenna, an indepen...

Seeing the bigger picture: oil price slump is part of broader Asian pullback by www.expertcommodity.com The steep plunge in  crude futures  in the last few weeks was triggered by a nascent glut as supply-growth started to outpace demand, but it was also part of a broader pullback from risky emerging market assets such as Asian currencies and stocks. Those assets had done well in recent years, boosted by economic growth in nations such as China, India and Indonesia. But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar. Click Here:  www.expertcommodity.com As part of that shift, oil markets have lost a third of their value since early October. "Anything denominated against the USD is under pressure right now," said Gregg McKenna, an indepen...