Oil set for record bear run as OPEC output grows
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.
Jan 31, 2015, 01:57 AM ISTOil tumbles after brief rebound; Brent back below $60
Global crude oil prices slumped anew on Thursday, a day after a short-covering rally, as traders placed fresh bets the market would resume a six-month rout on worries about a supply glut.
Dec 19, 2014, 02:29 AM IST