LONDON: Oil slipped to around $77 per barrel on Wednesday after weekly government data showed a surprise increase in US crude oil stocks after widespread predictions of a drawdown.
The US Energy Information Administration (EIA) said commercial (...)
LONDON: Oil rose above $78 a barrel on Wednesday after Tuesday's strong US corporate earnings raised optimism over the strength of economic recovery in the world's largest economy.
US crude for September, the front-month contract after Tuesday's (...)
LONDON: Oil edged above $72 a barrel on Monday, rebounding from a three-week low, but gains were capped by concerns over slowing global economies and demand for fuel.
US crude for August climbed as much as 56 cents to $72.70 a barrel on Monday (...)
LONDON: Oil fell below $75 a barrel on Thursday, beginning the second half of the year on a weak note after falling nearly 5 percent in the first half, as signs of slowing economic growth in China fuelled energy demand doubts.
The pace of (...)
LONDON: Oil fell towards $79 a barrel on Thursday, after earlier hitting a nine-week low as fears a Greek-style debt crisis may spread to other European nations raised uncertainty over future global energy demand.
The euro fell to a 14-month low (...)
LONDON: Oil prices rose 1 percent on Monday, hitting a fresh 15-month high near $84 a barrel, supported by data showing China s crude oil imports surged by nearly 25 percent in December and as the dollar weakened.
The prolonged cold snap in the (...)
LONDON: Oil steadied above $79 a barrel on Thursday, poised for the biggest annual climb in a decade, a year after posting huge falls as the global economic crisis sapped demand.
Oil was supported by data from the US Energy Information (...)
LONDON: US crude futures fell below $78 a barrel on Wednesday after industry data showed a surprise build in US crude stocks, raising doubts over demand recovery in the world s largest energy user.
Data from the American Petroleum Institute, (...)
LONDON: Evidence of an impending upturn in the world economy appears to be gathering but recovery will be slow and gradual, OPEC said on Tuesday, as the group left its world oil demand forecast for 2010 unchanged.
World oil demand was expected to (...)
LONDON: US crude oil is expected to average over $70 a barrel in 2010, a Reuters poll showed on Thursday, as analysts raised their consensus forecast for the third consecutive month. Although analysts lifted their predictions, many of those polled (...)
LONDON: Oil fell below $58 a barrel on Friday, pressured by weak global demand and as the US dollar firmed against the euro.
US crude for June delivery fell 63 cents to $57.99 a barrel by 1420 GMT, off an earlier low of $57.31. London Brent for (...)
LONDON: Oil on Wednesday recovered from a 10-month low, but stayed negative after the US Federal Reserve led a global round of emergency interest rate cuts to try to shore up the world economy.
US light crude for November delivery was down 79 (...)
LONDON: Oil rose above $107 a barrel on Monday, continuing a rally sparked by the United States rescue plan for its financial sector.
Sweeping government measures to rescue the financial system and restore confidence in shaky markets spurred a (...)