Oil heads for seventh weekly loss as supply glut drags
Oil prices were heading for a seventh weekly loss on Friday, with key producers showing no signs of cutting output in the face of a global supply glut.
Jan 09, 2015, 11:26 AM IST
Brent oil slumps under $50 for first time since 2009
European benchmark Brent oil briefly sank under USD 50 on Wednesday for the first time since 2009, but prices later recovered following mixed demand signals in the United States.
Jan 08, 2015, 02:04 AM IST
Oil prices down almost 10% in two days
Traders said the trend for crude seemed lower but that prices could bounce up whenever there is a break in market sentiment.
Jan 07, 2015, 12:03 PM IST
Oil hits 5-1/2-year lows on supply glut
Oil prices dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies and lacklustre demand dragged on oil markets.
Jan 05, 2015, 17:24 PM IST
Oil prices hits fresh 5-1/2-year lows; Brent below $56
US crude and Brent futures dropped to fresh 5-1/2-year lows on Monday as worries about a surplus of global supplies amid weak demand continued to drag on oil markets.
Jan 05, 2015, 09:43 AM IST
Oil tumbles more than $6 to 4-year low as OPEC keeps output high
Brent crude oil fell more than $3 to a fresh four-year low under $75 a barrel on Thursday after OPEC decided not to cut production, despite a huge oversupply in world markets.
Nov 27, 2014, 18:53 PM IST
Brent oil slips towards $81/barrel, near four-year low
Brent crude slipped near $81 a barrel on Wednesday, hovering just above a four-year low as the growing oil glut created by the US shale boom continued to outweigh concerns about supplies from Libya.
Nov 12, 2014, 18:01 PM IST
Oil hits two-year low under $96 as Libyan output returns
Brent crude oil futures dropped below $96 a barrel on Wednesday to a two-year low as rising supply from Africa and Iraq offset mounting tensions in the Middle East and stronger-than-expected growth expectations in China.
Sep 25, 2014, 03:07 AM IST
