Last Updated: Friday, August 28, 2015, 00:53
US oil prices surged more than 10 percent Thursday, climbing back above $40 a barrel after strong American economic growth data lifted confidence about the world`s biggest economy and petroleum user.
Last Updated: Saturday, August 22, 2015, 09:14
World stock markets tumbled on Friday and U.S. oil prices dove briefly below $40 a barrel sparked by fresh evidence of slowing growth in China, sending investors scurrying to the safety of bonds and gold.
Last Updated: Tuesday, August 18, 2015, 17:04
US oil prices fell towards six-year lows on Tuesday after stock markets tumbled in China, the world`s largest energy consumer, adding to worries about global fuel demand at a time of heavy oversupply.
Last Updated: Wednesday, July 15, 2015, 12:17
Mining giant BHP Billiton Wednesday said it was taking a US$2.8 billion pre-tax writedown on its onshore assets in the United States as plunging oil prices hit shale gas.
Last Updated: Thursday, January 15, 2015, 05:00
US oil prices Wednesday shot up more than five percent in a move attributed to bargain-hunting after the contract sank to a new multi-year low the prior day.
Last Updated: Tuesday, January 6, 2015, 02:39
US oil prices on Monday slipped below $50 a barrel for the first time in more than five years as the surging dollar and news of additional supplies extended a six-month rout.
Last Updated: Saturday, December 27, 2014, 03:36
US oil prices fell Friday on continued worries about oversupply despite fresh violence in oil exporter Libya.
Last Updated: Saturday, November 30, 2013, 11:17
US oil prices Friday edged higher in holiday-shortened trade, as traders reversed a recent trend that has seen US crude sharply discounted to its European counterpart.
Last Updated: Thursday, November 28, 2013, 14:00
US oil prices fell further in Asian trade today as dealers focused on an unexpectedly large surge in stockpiles, stoking concerns about oversupply in the world's biggest economy.
Last Updated: Monday, August 22, 2011, 18:50
World stocks held above a recent 11-month low on Monday while oil prices slipped as investors concerned about a global economic downturn stayed away from buying risky assets.
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