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Oil falls to lowest close since March, down a fourth week

Last Updated: Saturday, July 25, 2015, 09:19

Brent and US crude futures settled on Friday at their lowest since March and posted their fourth straight weekly decline as weak economic data from China and a rise in U.S. oil drilling rigs applied pressure.

Oil prices resume decline on supply glut worries

Last Updated: Wednesday, July 22, 2015, 09:58

Ahead of an official report, the industry-funded American Petroleum Institute (API) said stockpiles had increased by 2.3 million barrels last week.

Oil prices edge lower on stronger dollar, ample supply

Last Updated: Tuesday, July 21, 2015, 08:51

U.S. August crude , set to expire on Tuesday, fell 12 cents to 50.03 a barrel by 0054 GMT. The front-month contract fell below $50 a barrel on Monday for the first time since April.

Oil edges lower as Saudi crude exports fall, US cuts drill rigs

Last Updated: Monday, July 20, 2015, 09:37

Brent September crude was 12 cents lower at $56.98 a barrel by 0316 GMT. The benchmark had fallen nearly 3 percent last week and more than 10 percent for the month.

Oil prices fall as Iran, global powers reach nuclear deal

Last Updated: Tuesday, July 14, 2015, 12:03

Oil prices tumbled on Tuesday as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness.

Oil prices down in Asia as Iran deal looms

Last Updated: Monday, July 13, 2015, 08:59

A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market, analysts said.

Oil prices rise in Asia but China, Greece cap gains

Last Updated: Thursday, July 9, 2015, 08:54

Robust commercial crude inventories in the United States added to the pressure in the face of a supply glut, they said.

Oil prices down in Asia as Greece and China weigh

Last Updated: Wednesday, July 8, 2015, 08:42

US benchmark West Texas Intermediate for August delivery dropped 14 cents to $52.19 a barrel and Brent tumbled 13 cents to $56.72, both reversing an earlier uptick.

Oil rebounds in Asia

Last Updated: Tuesday, July 7, 2015, 09:17

US benchmark West Texas Intermediate for August delivery advanced 47 cents to $53.00 in late-morning Asian trade after plummeting nearly 8.0 percent, or $4.43, in US closing deals Monday.

Oil tumbles in Asia as Greek vote shakes world markets

Last Updated: Monday, July 6, 2015, 09:06

Oil fell in Asia on Monday as investors digested the implications of Greece rejecting tough austerity demands from creditors which could send the debt- strapped nation crashing out of the eurozone, analysts said.

Oil prices ease ahead of Greece vote

Last Updated: Friday, July 3, 2015, 13:04

Oil prices eased in Asia Friday ahead of a weekend bailout reform referendum in Greece that could determine its future in the eurozone.

Oil prices drop on rising US rig count, China stock market probe

Last Updated: Friday, July 3, 2015, 12:14

Oil prices dropped on Friday as a rising U.S. rig count stoked fears of oversupply and after Chinese regulators opened an investigation into suspected stock market manipulation.