Oil price hits 6.5-year low, approaches key $40 level

Last Updated: Thursday, August 20, 2015, 10:03

Oil prices slid to a fresh six and a half year low in Asia Thursday, approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut.

Oil prices fall further on oversupply fears

Last Updated: Monday, August 10, 2015, 10:45

US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.

Crude oil sinks again amid global supply glut

Last Updated: Saturday, August 8, 2015, 02:55

Crude oil prices fell again Friday as the main US futures contract concluded its sixth straight week of losses, in a market awash with worry about the global oversupply.

Oil prices recover amid Greece, supply worries

Last Updated: Tuesday, June 16, 2015, 13:47

In mid-afternoon Asian trade, US benchmark West Texas Intermediate for July was up 64 cents at $60.16 while Brent futures for August, a new contract, were up 35 cents at $64.30.

Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm

Last Updated: Monday, June 15, 2015, 12:44

"Fundamental data indicates that the oil market is oversupplied by over 2 million barrels per day," the bank said. But it added that due to a recent rally in prices it had lifted its average 2015 Brent and WTI price forecasts to $60 and $55.10 per barrel respectively, up from $52.50 and $48.60 a barrel previously.

Oil prices drop as IEA predicts demand slowdown

Last Updated: Thursday, June 11, 2015, 19:39

US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.

Oil prices rise on hopes for China stimulus

Last Updated: Tuesday, June 9, 2015, 10:15

Front month U.S. crude climbed 24 cents to $58.38 a barrel by 0320 GMT, after ending the previous session down 99 cents. Brent for June delivery rose 19 cents to $62.88 a barrel, having settled down 62 cents in the previous session.

Oil prices rise ahead of OPEC output meeting

Last Updated: Friday, June 5, 2015, 10:19

"We expect payroll numbers to go up, and this will in turn firm up the dollar and subsequently make dollar-priced crude more expensive," said Teo.

OPEC expected to keep status quo on oil output

Last Updated: Friday, June 5, 2015, 10:09

However on Thursday, New York`s West Texas Intermediate (WTI) crude and London`s Brent oil both fell sharply for a second day as traders fretted that a no-change OPEC decision would further fuel the burgeoning global supply glut.

Crude oil futures fall 0.68% on global cues

Last Updated: Wednesday, June 3, 2015, 11:06

Oil prices for June delivery moved down Rs 23, or 0.59 percent, to Rs 3,895 per barrel, with a business volume of 2,045 lots.

Oil prices down in Asian trade

Last Updated: Wednesday, June 3, 2015, 10:28

WTI jumped USD 1.06 and Brent rose 61 cents yesterday after a sharp fall in the US dollar, which made dollar-priced crude cheaper for buyers using weaker currencies.

Crude oil futures down on weak Asian cues

Last Updated: Monday, June 1, 2015, 10:54

The trading sentiment eased in futures trade after crude oil prices fell in Asian trade today following gains at the end of last week while there are still concerns about a global supply glut as OPEC prepares for a meeting where it is expected to maintain output, analysts said.