Last Updated: Tuesday, April 14, 2015, 12:21
Oil investors who amassed a $6 billion long position in exchange traded funds, occupying as much as a third of the US futures market, are now racing for the exit at a near record pace.
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.
Last Updated: Monday, March 30, 2015, 12:29
Oil prices fell on Monday as traders focused on whether Iran and six world powers would reach a deal that could add fuel to an already oversupplied market if sanctions against Tehran are lifted.
Last Updated: Friday, March 27, 2015, 16:53
Oil prices fell more than $1 a barrel on Friday as worries receded over the threat of disruptions to Middle East supplies due to Saudi Arabia-led air strikes in Yemen.
Last Updated: Tuesday, March 24, 2015, 19:12
Oil prices edged higher Tuesday as a weaker dollar offset disappointing manufacturing data out of top energy consumer China, traders said.
Last Updated: Monday, March 23, 2015, 11:27
Oil producers outside OPEC must cooperate to boost falling crude prices as the cartel refuses to take responsibility alone, the Saudi oil minister has said.
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.
Last Updated: Friday, March 20, 2015, 12:37
Brent crude fell towards $54 a barrel on Friday and was on track for its third weekly loss, hurt by oversupply worries after Kuwait said OPEC had no choice but to maintain output levels.
Last Updated: Friday, March 20, 2015, 10:26
Brent prices rebounded towards $55 a barrel on Friday as the dollar weakened slightly, but gains were limited by supply concerns after Kuwait said OPEC had no choice but to maintain output levels.
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.
Last Updated: Thursday, March 19, 2015, 15:59
Brent crude oil fell back to USD 55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on global oversupply as the dollar recovered from sharp losses in the previous session.
Last Updated: Thursday, March 19, 2015, 15:54
OPEC members have no choice but to maintain current production levels despite falling oil prices in order to preserve their market share, Kuwait`s oil minister said on Thursday.
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