Oil prices drop on weak demand, potential Iran deal

Last Updated: Monday, March 30, 2015, 12:29

Oil prices fell on Monday as traders focused on whether Iran and six world powers would reach a deal that could add fuel to an already oversupplied market if sanctions against Tehran are lifted.

Oil prices rise despite jump in US stockpiles

Last Updated: Wednesday, March 25, 2015, 23:48

World oil prices advanced Wednesday despite news of a stronger-than-expected increase in crude inventories in the United States, analysts said.

Oil prices falter on robust supplies

Last Updated: Friday, March 20, 2015, 18:41

World oil prices dropped on Friday with the market under persistent pressure from large supplies of crude and a strong dollar, traders said.

Crude oil futures fall 2.57% as it trades at 6-year low in Asia

Last Updated: Wednesday, March 18, 2015, 12:50

At the Multi Commodity Exchange (MCX), crude oil for delivery in March tumbled by Rs 71, or 2.57 percent, to Rs 2,688 per barrel in 8,910 lots.

US oil price hits six-year low

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.

Brent rises above $61, set for biggest monthly gain since 2009

Last Updated: Friday, February 27, 2015, 12:18

Crude oil futures rebounded on Friday, with Brent heading for its biggest monthly gain since May 2009, as supply outages in the North Sea and renewed fears of gas supply disruption in Europe supported prices.

Oil prices rebound in Asia

Last Updated: Wednesday, February 11, 2015, 09:10

Oil prices rebounded in Asia Wednesday following a sharp decline in the previous session, analysts said, while investors await a weekly US stockpiles report later in the day.

Oil prices up over 4% on Libya raid, China easing

Last Updated: Friday, February 6, 2015, 09:54

Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost in oil demand from China`s central bank easing helped the market rebound from a sharp rout in the previous session.

Oil slumps to near six-year low under $44 per barrel

Last Updated: Thursday, January 29, 2015, 23:54

New York oil prices tumbled to a near six-year low underneath $44 per barrel on Thursday, as record-high US crude inventories deepened worries over the global supply glut.

Oil tumbles; US crude prices near 6-year low on record stockpiles

Last Updated: Thursday, January 29, 2015, 02:17

Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer.

Oil jumps as Saudi king's death feeds market uncertainty

Last Updated: Friday, January 23, 2015, 14:42

Oil prices jumped on Friday as news of the death of Saudi Arabia`s King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.