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Crude at 2-week high on low US output gains, Yemen crisis

Published Thu, Mar 26, 2015 · 09:50 PM

Singapore

BULLS trumped bears on Thursday, propelling crude futures to a two-week high as the market reacted to shrinking US crude production gains, mounting geopolitical tensions in Yemen and a weakening dollar.

Despite crude's recent uplift, analysts remain bearish on crude prices and oil-related counters in the near-term.

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Crude at 2-week high on low US output gains, Yemen crisis

KEYWORDS IN THIS ARTICLE

Energy & Commodities

Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Anglo rejects BHP takeover bid as significantly undervalued

India rice prices at three-month low on shrinking demand

Gold prices set for weekly decline ahead of US inflation data

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

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