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Brent holds near $55 after big fall on record US crude stocks

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.

Oil prices extend gains as OPEC cuts output forecast

Last Updated: Tuesday, February 10, 2015, 03:15

Oil prices advanced further on Monday as OPEC forecast a reduction in US output amid a dip in North American crude production.