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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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