Last Updated: Saturday, September 12, 2015, 07:36
Oil prices dropped Friday as the Wall Street bank Goldman Sachs slashed its forecasts for crude prices.
Last Updated: Friday, September 11, 2015, 17:31
Goldman cut its 2015 Brent price forecast to $53.70 a barrel from $58.20, and said it saw 2016 Brent prices at $49.50, down from its earlier $62 forecast.
Last Updated: Friday, September 11, 2015, 08:49
The front-month October contract for Brent, the global oil benchmark, shed 5 cents to USD 48.84 a barrel after it settled up USD 1.31, or 2.8 percent, on Thursday at USD 48.89 a barrel.
Last Updated: Wednesday, May 20, 2015, 08:48
US crude futures rose on Wednesday after a more than three percent slide in the previous session, supported by a larger than expected drop in crude inventories, although a firmer dollar capped gains.
Last Updated: Wednesday, May 13, 2015, 08:44
Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth.
Last Updated: Tuesday, April 28, 2015, 10:17
Oil prices fell in Asia on Tuesday after a senior Saudi official signalled that the world's top crude exporter has no intention of cutting production despite a global supply glut, analysts said.
Last Updated: Friday, April 24, 2015, 09:28
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.
Last Updated: Wednesday, April 22, 2015, 09:34
Oil prices fell in Asia today after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen and ahead of a key US supply report.
Last Updated: Saturday, April 18, 2015, 02:43
Crude futures fell from 2015 peaks in choppy trading on Friday, but Brent`s 9.6 percent weekly gain was its biggest in more than five years as Middle East turmoil and signs of lower U.S. production lifted prices.
Last Updated: Friday, April 10, 2015, 13:03
Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand outlook and as worries about a quick return of Iranian supplies eased.
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.
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.
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