LONDON: Oil prices fell on Monday, snapping four days of gains as worries over supplies from the Middle East eased and investors focused on the health of the global economy and fuel demand.
Tension between Iran and the West over Tehran's nuclear (...)
LONDON: Crude oil rose above $110 a barrel on Tuesday as tension between Iran and the United States stirred fear of a possible disruption to oil supplies from the Middle East and as Chinese data showed economic activity increasing.
Oil was one of (...)
LONDON: World oil demand will be lower than expected this year and next as economic slowdown and high prices curb consumption, the International Energy Agency (IEA) said on Thursday.
The agency, which advises industrialized countries on energy (...)
LONDON: Oil prices fell more than $3 per barrel on Tuesday after a decision by Greece to call a referendum over its debt bailout threw the euro zone into crisis and as data showed global economic activity was slowing more quickly than (...)
LONDON: Oil fell more than $2 per barrel on Monday as Europe stumbled over attempts to solve the euro zone debt crisis, strengthening investor fears commodity demand growth may slow.
Oil slid with stock markets, metals and the euro, while the (...)
LONDON: World oil consumption will increase more slowly than expected this year and next as the pace of global economic growth eases, the International Energy Agency (IEA) said on Tuesday.
In its monthly oil market report, the Paris-based agency (...)
LONDON: Oil fell on Monday on deepening concerns over Europe's sovereign debt crisis and slowing global growth.
Worries that Greece may default on its debts rose after finance ministers of the Group of Seven (G7) industrialized economies pledged (...)
LONDON: Brent crude oil rose above $111 per barrel on Tuesday as expectations of a new stimulus for the US economy outweighed fears of recession and worries over the euro zone debt crisis.
A surprise move by the Swiss National Bank (SNB) to set a (...)
LONDON: Brent crude oil fell below $111 a barrel on Monday as fears of another US recession and slowing growth elsewhere raised the prospect of lower demand for fuel.
China's services sector grew in August at the lowest pace on record, a private (...)
LONDON: Oil fell more than $4 a barrel on Monday as worries over economic growth spread after Standard & Poor's cut the United States' top-tier credit rating and European central banks struggled to contain a deepening debt crisis.
Fear gripped (...)
LONDON: A sharp slowdown in economic growth, particularly in the United States, is hitting consumers and companies and forcing economic forecasters and analysts to slash estimates for global oil demand.
In a report to be published in the next few (...)
LONDON: Concerns over rising demand, geopolitical tension and falling output capacity are supporting oil prices, Shell Chief Executive Peter Voser said on Thursday, citing estimates that OPEC spare capacity was below 2 million barrels per day (...)
LONDON: Oil rose more than $1 on Friday, taking benchmark US crude futures back above $100 per barrel, after much higher-than-expected growth in Germany and France and a rebound in the euro against the dollar.
Energy markets have been on a (...)
LONDON: Oil prices fell more than 3 percent on Monday after US forces killed Al-Qaeda leader Osama bin Laden following a decade of military operations across central Asia and the Middle East.
Brent crude futures for June slumped $4.22 to a low of (...)
LONDON: Oil prices steadied, with North Sea Brent crude just above $122 a barrel on Friday after data showed China's economic growth beating forecasts, despite government efforts to cool expansion and curb inflation.
Strong growth in the world's (...)
LONDON: The oil industry is bracing itself for new regulation, welcoming moves to prevent market abuse, but tighter position limits could stifle liquidity and bring greater price volatility.
The new rules, being drawn up by the US Commodity (...)
LONDON: Oil jumped more than $1 per barrel on Tuesday after OPEC member Libya said oil producers would find prices of $100 a barrel more comfortable because of higher food prices and a weaker dollar.
Benchmark US crude for December rose to a high (...)
LONDON: Oil slipped towards $77 per barrel on Wednesday after an industry report of an unexpected rise in US crude stocks and a fall in US consumer confidence fuelled doubts about the pace of recovery in energy demand.
Traders awaited data from (...)
LONDON: Oil prices slipped below $76 a barrel on Monday as investors weighed a sharp drop in US consumer sentiment against early signs of improved oil demand.
Analysts said oil prices were moving in a range around $75 per barrel with ample (...)
LONDON: US crude oil futures fell to around $75 per barrel on Monday, consolidating after a week of gains and ahead of quarterly US company earnings and key macro-economic data.
S&P 500 earnings are expected to have risen more than 25 percent in (...)
LONDON: US crude oil futures fell to around $76 per barrel on Monday, consolidating after a week of gains and ahead of quarterly US company earnings and key macro-economic data.
S&P 500 earnings are expected to have risen more than 25 (...)
LONDON: Oil rose to around $75 per barrel on Thursday, supported by a rally in stock markets and an industry report showing a sharp fall in crude oil inventories in the United States, the world's biggest oil consumer.
The euro surged to a (...)
LONDON: Crude oil fell below $78 per barrel on Tuesday as shares retreated and on expectations that a slow rise in China's currency would have a more limited impact on global demand than initially anticipated.
China's yuan rose on Tuesday after (...)
LONDON: Oil fell more than $2 to around $72 on Tuesday, erasing earlier gains, after Chinese and European data raised concerns over the pace of economic growth.
China's factories scaled back production last month and slowed the pace of hiring, (...)
LONDON: Oil hit a two-week high above $75 on Friday, heading for its first weekly gain in almost a month on rallying stock markets and expectations of rising US oil consumption.
Oil prices have risen more than 7 percent this week with official (...)