Last Updated: Tuesday, February 17, 2015, 10:58
Brent crude extended its rally on Tuesday, moving further away from six-year lows hit in January, but some analysts warned that prices had risen too far and could face a downward correction.
Last Updated: Thursday, February 12, 2015, 10:25
March Brent futures were up 40 cents to $55.06 a barrel at 0429 GMT, following a 3-percent loss in the previous session that saw prices break below $54 at one point.
Last Updated: Thursday, January 29, 2015, 19:56
New York oil prices tumbled close to six-year lows on Thursday, as record-high US crude inventories deepened worries over the global supply glut.
Last Updated: Thursday, January 29, 2015, 00:13
Oil tumbled close to a six-year low Wednesday as US crude stocks soared to a record peak, sparking fresh fears over the growing global supply glut, analysts said.
Last Updated: Tuesday, January 27, 2015, 10:43
Oil prices on Tuesday edged up slightly after nearing six-year lows but gains were capped owing to lingering concern about a global supply glut, weak demand and Greece's political future, analysts said.
Last Updated: Friday, January 23, 2015, 10:32
Oil prices surged today following the death of Saudi Arabia's King Abdullah, with investors watching to see if the country will change its policy of maintaining high production in the face of plunging prices and a global supply glut.
Last Updated: Wednesday, January 21, 2015, 10:31
Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts fretted that the outlook for the next six months remained bleak due to oversupply.
Last Updated: Saturday, January 17, 2015, 19:54
Falling oil prices could have a negative impact on global efforts to develop renewable energy sources, experts warned Saturday at a conference in Abu Dhabi.
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: Wednesday, January 14, 2015, 21:49
Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session.
Last Updated: Tuesday, January 13, 2015, 13:25
OPEC cannot protect world oil prices which have plunged since June, the United Arab Emirates said on Tuesday, arguing that rising North American shale oil output needed to be curbed.
Last Updated: Tuesday, January 13, 2015, 12:25
Oil hit a near six-year low on Tuesday, with U.S. crude paring losses later on short-covering and reaching parity with Brent for the first time in three months, as traders continued to wonder when the six-month long price rout might end.
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