Last Updated: Wednesday, May 6, 2015, 19:16
Global oil prices hit 2015 peaks today as fresh tensions in oil producer Libya raised concerns about a supply disruption in the Middle East, analysts said.
Last Updated: Wednesday, May 6, 2015, 08:15
US benchmark West Texas Intermediate for June delivery gained 87 cents to $61.27, while Brent crude for June rose 63 cents to $68.15 in afternoon trade.
Last Updated: Wednesday, May 6, 2015, 01:51
New York: Oil prices hit their highest for the year on Tuesday, aided by a disruption in Libyan crude exports, higher selling prices for Saudi oil and a weaker dollar that tends to inflate commodity prices.
Last Updated: Tuesday, May 5, 2015, 16:52
Brent crude oil rose to $67 a barrel on Tuesday, just below its 2015 high, after protests stopped crude flows to the eastern Libyan oil port of Zueitina, hampering exports.
Last Updated: Friday, March 6, 2015, 09:39
Oil prices rose in Asia today as dealers focused on increasing tensions in the Middle East and Ukraine, while shrugging off concerns about surging US stockpiles, analysts said.
Last Updated: Friday, February 6, 2015, 09:54
Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost in oil demand from China`s central bank easing helped the market rebound from a sharp rout in the previous session.
Last Updated: Wednesday, December 31, 2014, 12:09
Oil dropped below $56 a barrel on Wednesday and was heading for its biggest annual decline since 2008, pressured by weakening demand and a supply glut prompted by the U.S. shale boom and OPEC`s refusal to cut output.
Last Updated: Monday, December 29, 2014, 09:05
US crude briefly touched $55.74, up $1.01, after closing $1.11 down in thin trade on Friday. It was at $55.35 a barrel as of 0048 GMT.
Last Updated: Sunday, February 2, 2014, 21:58
A Libyan security official says that over 54 detainees have escaped from a prison in the capital Tripoli due to a security failure.
Last Updated: Sunday, February 2, 2014, 01:23
Warning against unilateral intervention such as in Libya and Syria, India asserted that there is need to strengthen processes of multilateral consultation.
Last Updated: Friday, January 31, 2014, 03:03
Libya has been wracked with political violence and instability since the end of the civil war in 2011, which saw many armed militias formed in the country.
Last Updated: Tuesday, January 28, 2014, 11:40
Gearing up for a possible 2016 presidential run, former US Secretary of State Hillary Clinton has said the "biggest regret" of her tenure was the 2012 attack on a US consulate in Libya that killed four Americans, including its Ambassador.
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