Oil extends short-covering frenzy to second day, topping $50

Last Updated: Saturday, August 29, 2015, 03:34

World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years.

Oil prices higher on Middle East unrest

Last Updated: Monday, May 18, 2015, 19:16

Oil prices rose on Monday as fresh tensions in Yemen and Iraq raised concerns about a supply disruption in the crude-rich Middle East, analysts said.

Brent crude slips towards $66 on Saudi plan to halt Yemen bombing

Last Updated: Tuesday, May 5, 2015, 10:13

Brent crude oil futures slipped by 8 cents to $66.37 a barrel by 0215 GMT, after touching a 2015 high of $67.10 on Monday.

Oil prices down in Asian trade

Last Updated: Monday, May 4, 2015, 11:23

US benchmark West Texas Intermediate fell two cents to $59.13 while Brent eased seven cents to $66.39 in afternoon trade.

Oil hits 2015 high on Yemen worry; US gasoline at November peaks

Last Updated: Friday, April 24, 2015, 01:48

Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.

Oil down as Saudis end Yemen bombing; traders eye crude build

Last Updated: Wednesday, April 22, 2015, 01:31

Oil prices fell on Tuesday after Saudi Arabia announced the end of its military campaign in Yemen, easing tensions in the Middle East, and traders expected another weekly build in US crude stockpiles.

Oil prices drop on prospect of Iran nuclear deal

Last Updated: Monday, March 30, 2015, 23:08

Global oil prices sank Monday as traders mulled a potential deal over key oil producer Iran`s controversial nuclear energy programme that could worsen the global supply glut, analysts said.

Oil dives 5 percent as worries about Iran talks trump Yemen

Last Updated: Saturday, March 28, 2015, 01:34

Oil tumbled 5 percent on Friday, erasing the previous session`s gains, as Yemen`s conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

Wall Street down after air strikes on Yemen, but off lows

Last Updated: Thursday, March 26, 2015, 22:14

US stocks declined on Thursday after Saudi Arabia and its allies launched air strikes on Yemen, but were off session lows as the S&P 500 attempted to hold a key technical level.

Gold price hits 3-1/2 week high as Yemen air strikes rattle markets

Last Updated: Thursday, March 26, 2015, 18:56

Spot gold hit a peak of USD 1,219.40 an ounce and was up 1.2 percent at USD 1,210 at 1240 GMT.

Oil prices surge after Saudi air strikes in Yemen

Last Updated: Thursday, March 26, 2015, 13:49

Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although importers saw little immediate threat to supplies.

Ship runs aground off Yemen with 12 Indians aboard

Last Updated: Sunday, February 2, 2014, 20:46

A small cargo ship transporting tyres has run aground off the southeastern coast of Yemen with 12 Indian sailors aboard, a local official said on Sunday.