Oil prices edge up after sharp falls in previous session

Last Updated: Tuesday, September 15, 2015, 07:26

Oil prices steadied early on Tuesday as traders closed short positions and took on new longs after markets tumbled in the previous session.

Oil jumps 8 percent, biggest three-day surge since 1990

Last Updated: Tuesday, September 1, 2015, 05:09

Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of US crude production data and OPEC`s readiness to talk with other producers helped extend the biggest three-day price surge in 25 years.

OPEC heads towards holding output; oil slips under $60

Last Updated: Thursday, June 4, 2015, 17:00

OPEC headed Thursday towards holding crude output levels on the eve of its production meeting, as oil prices slid back under $60 a barrel on concerns that the expected decision would further fuel oversupply.

OPEC to continue pumping oil at current rate

Last Updated: Wednesday, June 3, 2015, 20:47

OPEC is set to carry on pumping oil nearly flat-out for months more, content that last year`s shock market therapy has revived demand and knocked back growing competition.

Oil set for record bear run as OPEC output grows

Last Updated: Saturday, January 31, 2015, 01:57

Oil fell below $49 a barrel on Friday and was on course for its seventh straight month of declines, the longest such bear run on record as a supply glut showed no signs of easing with OPEC increasing production in January.

Oil tumbles; US crude prices near 6-year low on record stockpiles

Last Updated: Thursday, January 29, 2015, 02:17

Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer.

OPEC chief says no target price, but oil slide beyond fundamentals

Last Updated: Sunday, December 14, 2014, 19:05

The head of OPEC said on Sunday the group had no target price for oil, signalling no change to a policy to maintain production levels which has contributed to sharp falls in the price of crude, unnerving global markets.

Market fundamentals don't justify oil price freefall: OPEC

Last Updated: Sunday, December 14, 2014, 18:30

The rise in oil supplies on global markets does not justify the sharp drop in crude prices, a top OPEC official said Sunday, arguing speculation might be a contributor.