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.

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 prices extend gains after biggest daily climb in 6 years

Last Updated: Friday, August 28, 2015, 14:11

Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies.

Oil markets catch breath after biggest gains in six years

Last Updated: Friday, August 28, 2015, 08:27

Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.

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.

Oil price hits 6.5-year low, approaches key $40 level

Last Updated: Thursday, August 20, 2015, 10:03

Oil prices slid to a fresh six and a half year low in Asia Thursday, approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut.

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 prices fall further on oversupply fears

Last Updated: Monday, August 10, 2015, 10:45

US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.