US lowers estimate of domestic crude oil output

Last Updated: Monday, August 31, 2015, 23:18

The US government cut its estimate of domestic oil production on Monday, helping send crude prices sharply higher.

US oil rallies second day; WTI up 6.3%

Last Updated: Saturday, August 29, 2015, 00:46

US crude-oil prices surged higher for a second straight day Friday, as investors appeared to view the recent nose-dive as overdone.

Oil price near 6.5-year low as China economy fears linger

Last Updated: Wednesday, August 26, 2015, 08:56

Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China`s central bank moved to support the country`s stumbling economy, while concerns about a supply glut capped gains.

Oil dives below $40 per barrel, logs longest weekly losing streak in 29 years

Last Updated: Friday, August 21, 2015, 21:59

US crude oil prices on Friday dove below USD 40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.

Five key reasons behind falling oil prices

Last Updated: Thursday, August 20, 2015, 10:59

Here are the 5 key reasons of oil price decline.

US crude down 4% to hit 6-1/2-year low on surprise stock build

Last Updated: Thursday, August 20, 2015, 08:59

US crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.

Oil hits four-month low on China stocks tumble, supply worries

Last Updated: Tuesday, July 28, 2015, 00:11

Crude oil futures hit four-month lows on Monday after a steep drop in China`s stock markets spread concerns about the economic health of the world`s biggest energy consumer, amid evidence of a growing crude glut.

Oil up more than 1% after US inventory drop

Last Updated: Saturday, May 30, 2015, 10:13

Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop.

Oil down 3% on dollar rally, ample supply worry

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.

Oil surges after lower than expected US inventory rise

Last Updated: Thursday, April 16, 2015, 01:38

Oil prices rallied and U.S. crude jumped nearly 6 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week.