Oil prices hovered below $103 a barrel Thursday as the European Union mulled a ban on oil purchases from Iran and a report showed mixed signs about US crude demand.
By early afternoon in Europe, benchmark crude for February delivery was down 45 (...)
Oil prices bounced back to near $87 a barrel Tuesday, supported by rising European stock markets and investors' hopes that a U.S. central bank meeting this week will come up with measures to boost economic growth.
By early afternoon in Europe, (...)
Oil prices fell to near $93 a barrel Wednesday as investor pessimism about the U.S. economy dragged down global markets.
By early afternoon in Europe, benchmark oil for September delivery was down 48 cents to $93.31 a barrel in electronic trading (...)
Oil prices fell below $94 a barrel Wednesday after a crude supply report reflected mixed signs about U.S. demand and the dollar strengthened against other currencies.
By early afternoon in Europe, benchmark oil for August delivery was down 82 (...)
Oil prices rose above $94 a barrel Tuesday as the euro strengthened against the dollar on hopes that Greece will be able to avoid defaulting on its debts.
By early afternoon in Europe, benchmark oil for July delivery was up $1.17 to $94.43 a (...)
Oil prices slipped below $111 a barrel Wednesday as a report showed U.S. crude supplies rose more than expected last week, suggesting weaker demand.
By early afternoon in Europe, benchmark crude for June delivery was down 57 cents at $110.48 a (...)
Oil prices climbed back to near $113 a barrel Friday as a weaker dollar made crude more attractive to investors with other currencies and the conflicts in Libya and Syria raised risk premiums.
By early afternoon in Europe, benchmark crude for (...)
Oil prices moved up closer to $106 a barrel Friday as political upheaval in the Middle East and signs of strong global demand kept crude near two-year highs.
By early afternoon in Europe, benchmark crude for May delivery was up 17 cents to (...)
BUDAPEST: The EU's foreign policy chief thanked Iran on Friday for inviting other countries to visit its nuclear facilities, but said that should be done by the UN's International Atomic Energy Agency.
Catherine Ashton's comment appeared to (...)
Oil prices weakened Friday, dampened by concerns that a recovery in US demand may be slower than expected and as stockpiles of refined products continued to rise.
By midday in Europe, benchmark crude for October delivery was down 67 cents to (...)
Oil prices held above $67 a barrel Friday, adding to gains made overnight, as world stock markets rallied on signs of improvement in the US economy.
In Europe, benchmark crude for September delivery was up 11 cents to $67.27 a barrel in afternoon (...)
LONDON: Oil prices rose to $72 a barrel on Friday amid concerns that massive US fiscal spending will spark inflation down the road, making oil and other commodities attractive investment alternatives.
Benchmark crude for July delivery rose 77 (...)
Oil prices dipped to near $48 a barrel Wednesday as investors weighed tensions in the Middle East and more bad US economic news suggesting crude demand is slowing.
By mid-afternoon in Europe, light, sweet crude for February delivery was down 43 (...)
Oil prices jumped above $119 Thursday as rising antagonism between Russia and the United States underscored the possibility it could affect energy shipments from the world s second-largest oil producer.
The weakening US dollar, a fall in US (...)
Oil prices were back near $124 a barrel Friday, reacting bullishly to US employment data but kept in check by expectations that slowing economic growth in developed countries will cut demand.
US government data showed employers cut fewer jobs (...)
Oil prices fell to near US$144 a barrel Friday on hopes that tensions surrounding Iran s nuclear program could ease and cut the chances of American or Israeli military action against OPEC s second-largest oil producer.
Iran on Friday gave an (...)
Oil prices retreated Friday following a promise by the US Federal Reserve Chairman Ben Bernanke to act aggressively to counter economic woes.
Light, sweet crude for February delivery dropped 52 cents to $93.19 a barrel in electronic trading on (...)
Oil prices were barely higher Friday from the previous session s close after setting a record above $100 a barrel overnight on a larger-than-expected drop in US crude stockpiles.
Light, sweet crude for February delivery was up 4 cents to $99.22 a (...)