Oil to reach $100 a barrel by end of 2016: Pickens

Last Updated: Wednesday, March 25, 2015, 11:50

Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year.

Oil prices mixed in Asia before US stockpiles data

Last Updated: Wednesday, March 25, 2015, 09:05

Oil prices were mixed in Asia on Wednesday ahead of the release of US stockpiles data, a closely watched barometer of demand in the world's biggest consumer of the commodity, analysts said.

Oil below $56 as Saudi output near record, China activity slows

Last Updated: Tuesday, March 24, 2015, 14:59

Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia said its production was close to an all-time high.

Brent oil rises above $55 as weaker dollar offsets supply woes

Last Updated: Friday, March 20, 2015, 21:09

Brent crude rose above $55 a barrel on Friday and the U.S. benchmark rose by 4 percent after the dollar weakened, causing oil to reverse earlier losses on persistent oversupply concerns.

Brent oil falls below $54 on OPEC output, Iran

Last Updated: Friday, March 20, 2015, 17:29

Brent crude oil fell below USD 54 a barrel on Friday and was on track for its third straight weekly loss, hurt by worries of rising supplies from OPEC and the United States.

Oil falls to $55 as Kuwait comments refocus on oversupply

Last Updated: Thursday, March 19, 2015, 17:46

Brent had rallied by more than $2 a barrel on Wednesday after the Federal Reserve indicated it would raise U.S. interest rates slower than previously thought, overshadowing data showing U.S. crude stocks at a record level.

Brent falls towards $53 after US crude stocks rise; weaker dollar limits fall

Last Updated: Wednesday, March 18, 2015, 09:20

Brent for May delivery fell 24 cents to $53.27 a barrel by 0108 GMT after ending the previous session 7 cents up at $53.51.

Brent crude comes off six-week low to rise above $54

Last Updated: Tuesday, March 17, 2015, 12:36

Brent crude rose above $54 a barrel in choppy trade on Tuesday, recovering some of the previous session`s losses when it hit a six-week low, but concerns over a growing supply glut kept a lid on gains.

Brent climbs above $58 on contract covering, geopolitical tension

Last Updated: Thursday, March 12, 2015, 12:17

Geopolitical tensions in the Middle East and North Africa also supported crude futures.

Oil climbs to $61 on Mideast supply concerns

Last Updated: Friday, March 6, 2015, 15:13

Brent crude oil rose to around USD 61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets.

Oil market is stabilising, $60 is OK for now: Gulf OPEC delegate

Last Updated: Wednesday, February 25, 2015, 09:00

Oil prices have started to stabilise around current levels of $60 a barrel and demand is showing signs of improving in Asia and other regions, a senior Gulf OPEC delegate said on Tuesday.

Brent rises above $59 on hopes of economic recovery

Last Updated: Tuesday, February 24, 2015, 10:30

Brent edged above $59 a barrel on Tuesday, after a 2-percent slide in the previous session, buoyed by cautious optimism on the outlook for the global economy.