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: Tuesday, September 8, 2015, 08:21
Japan`s economy shrank an annualised 1.2 percent in April-June, revised GDP data showed on Tuesday, despite ongoing government and central bank measures to support growth.
Last Updated: Tuesday, September 1, 2015, 23:23
Oil prices tumbled 7 percent on Tuesday and Brent futures fell back below $50 a barrel as weak Chinese manufacturing data revived concerns about global demand for petroleum.
Last Updated: Friday, July 31, 2015, 20:33
Oil prices extended their decline on Friday with no sign of an end to a global supply glut.
Last Updated: Wednesday, July 29, 2015, 11:13
Oil prices fell in Asian trade on Wednesday as concerns over global oversupply outweighed the impact of a likely larger than expected draw in U.S. crude stocks and a weakening dollar.
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: Tuesday, May 19, 2015, 23:27
Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.
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: Saturday, May 9, 2015, 11:45
Brent oil posted its first weekly loss in a month on Friday as the market fretted again about global oversupply while U.S. crude rose for an eighth straight week, helped by jobs growth data and the first storm of the hurricane season forming.
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.
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