Last Updated: Tuesday, April 28, 2015, 12:06
Barclays raised its 2015 and 2016 average crude price forecasts on Tuesday, citing geopolitical tensions, unplanned production outages and lower natural gas prices in the United States.
Last Updated: Tuesday, April 14, 2015, 12:21
Oil investors who amassed a $6 billion long position in exchange traded funds, occupying as much as a third of the US futures market, are now racing for the exit at a near record pace.
Last Updated: Monday, March 16, 2015, 19:49
New York oil prices sank to a six-year low on Monday, falling below $44 per barrel as the market was plagued by plentiful supplies and the strong dollar.
Last Updated: Wednesday, March 4, 2015, 21:22
US oil giant ExxonMobil said Wednesday it would reduce investment spending by nearly 12 percent this year in response to lower crude-oil prices.
Last Updated: Wednesday, February 4, 2015, 09:57
Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions.
Last Updated: Saturday, January 17, 2015, 06:40
Any lingering doubt about the depth of the crisis facing the U.S. energy industry is quickly evaporating as even the biggest firms slash spending amid the steepest oil price crash since the recession, sending ripples across the vast sector.
Last Updated: Thursday, January 15, 2015, 05:00
US oil prices Wednesday shot up more than five percent in a move attributed to bargain-hunting after the contract sank to a new multi-year low the prior day.
Last Updated: Saturday, January 10, 2015, 01:06
Oil prices had barely moved in the past two sessions after tumbling 10 percent the first two days of the week.
Last Updated: Tuesday, January 6, 2015, 13:08
Near 1630 GMT, US benchmark West Texas Intermediate for delivery in February briefly dipped to USD 49.95 a barrel, before rallying somewhat to USD 50.20 a barrel.
Last Updated: Tuesday, January 6, 2015, 02:39
US oil prices on Monday slipped below $50 a barrel for the first time in more than five years as the surging dollar and news of additional supplies extended a six-month rout.
Last Updated: Monday, January 5, 2015, 22:40
The sell off in global oil markets showed little signs of slowing in the new year with US crude breaking below USD 50 a barrel, the first time since April 2009, on fears of a supply glut.
Last Updated: Saturday, December 27, 2014, 03:36
US oil prices fell Friday on continued worries about oversupply despite fresh violence in oil exporter Libya.
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