Oil prices edge back from 6% fall, but outlook weak

Last Updated: Thursday, April 9, 2015, 09:19

Oil prices rose in early trading on Thursday, clawing back a part of the 6 percent slump in the previous session after a shock jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish.

Oil rallies on US data, bullish EIA monthly report

Last Updated: Wednesday, April 8, 2015, 08:49

Oil futures rallied on Tuesday and U.S. crude approached 2015 highs on strong jobs data and government forecasts for lower U.S. crude production growth and higher global demand for oil.

Brent falls over 1% after Goldman forecasts lower prices

Last Updated: Tuesday, April 7, 2015, 12:01

Brent crude fell more than 1 percent on Tuesday, paring overnight gains of nearly 6 percent, after Goldman Sachs said prices needed to remain low for months to achieve a slowdown in U.S. output growth.

Oil jumps 5 percent on tempered Iran view, slower US inventory rise

Last Updated: Tuesday, April 7, 2015, 02:15

Oil prices jumped more than 5 percent on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. crude inventories may be slowing.

Oil up more than $1 after Saudi's Asia price hike

Last Updated: Monday, April 6, 2015, 12:38

Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signalling better demand in the region.

Oil prices dip as Iran nuclear deadline approaches

Last Updated: Tuesday, March 31, 2015, 23:42

Oil sank on Tuesday as dealers tracked last-ditch efforts between global powers and Iran to reach a deal on Tehran's nuclear programme and ease sanctions imposed on the key crude producer.

Oil drops to $55 as Iran nuclear talks intensify

Last Updated: Tuesday, March 31, 2015, 19:18

Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets.

Oil up 5% after Saudi strikes in Yemen; dollar limits gains

Last Updated: Friday, March 27, 2015, 08:52

Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies.

Oil prices diverge before US energy report

Last Updated: Wednesday, March 25, 2015, 18:51

Oil traded mixed Wednesday before the release of US stockpiles data, a closely watched barometer of demand in the world`s biggest consumer of the commodity, analysts said.

Oil prices dip as US stock-build drags, China strategic reserves fill

Last Updated: Wednesday, March 25, 2015, 13:18

Crude oil futures fell on Wednesday, pressured by ballooning U.S. storage volumes and more evidence that China`s strategic reserves could nearly be full.

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.