LONDON: Oil fell on Wednesday for the first day in five as a rally that powered prices to three-month highs near $83 a day earlier lost steam, with little reaction to an attack on Iranian President Mahmoud Ahmadinejad.
Analysts said the market (...)
LONDON: Oil was steady at around $77 on Thursday after falling the previous day on weak durable goods data and the biggest weekly increase in crude inventories for nearly two years in the United States.
US crude stocks surged 7.31 million barrels (...)
LONDON: Oil fell moderately on Monday as Tropical Storm Bonnie faded over the Gulf of Mexico, but trading was cautious ahead of US economic and corporate earnings data.
Oil traders were reluctant to push oil prices too far in either direction (...)
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 rose to around $77 per barrel on Tuesday, supported by firmer stock markets and expectations of a drop in US crude inventories.
European shares were slightly stronger in early trade, tracking gains on Wall Street, as optimism (...)
LONDON: Oil eased to below $77 a barrel on Wednesday, falling from a two-week high, after a weekly industry report showed a surprise increase in US crude inventories and European equities turned lower.
US crude stockpiles rose by 1.7 million (...)