Oil climbs to $61 on Mideast supply concerns
Brent crude oil rose to around USD 61 a barrel on Friday as fighting in Libya and Iraq stoked output worries, while traders kept a close eye on Iran nuclear talks that could eventually bring more supply to world markets.
Mar 06, 2015, 15:13 PM IST
Oil market is stabilising, $60 is OK for now: Gulf OPEC delegate
Oil prices have started to stabilise around current levels of $60 a barrel and demand is showing signs of improving in Asia and other regions, a senior Gulf OPEC delegate said on Tuesday.
Feb 25, 2015, 09:00 AM IST
Brent rises above $59 on hopes of economic recovery
Brent edged above $59 a barrel on Tuesday, after a 2-percent slide in the previous session, buoyed by cautious optimism on the outlook for the global economy.
Feb 24, 2015, 10:30 AM IST
Brent crude extends rally, but analysts warn prices could drop
Brent crude extended its rally on Tuesday, moving further away from six-year lows hit in January, but some analysts warned that prices had risen too far and could face a downward correction.
Feb 17, 2015, 10:58 AM IST
Oil price approaches six-year low
New York oil prices tumbled close to six-year lows on Thursday, as record-high US crude inventories deepened worries over the global supply glut.
Jan 29, 2015, 19:56 PM IST
Oil slumps as US crude reserves surge to record high
Oil tumbled close to a six-year low Wednesday as US crude stocks soared to a record peak, sparking fresh fears over the growing global supply glut, analysts said.
Jan 29, 2015, 00:13 AM IST
Oil prices rebound in Asian trade
Oil prices on Tuesday edged up slightly after nearing six-year lows but gains were capped owing to lingering concern about a global supply glut, weak demand and Greece's political future, analysts said.
Jan 27, 2015, 10:43 AM IST
Brent crude inches above $48, but outlook remains weak
Oil prices edged up on Wednesday in a further sign of support around current levels, but analysts fretted that the outlook for the next six months remained bleak due to oversupply.
Jan 21, 2015, 10:31 AM IST
Oil steadies but stays under pressure on World Bank growth cut
Oil prices recouped some early losses on Wednesday but remained under pressure after the World Bank cut its global economic growth forecast, doing little to end a rout that saw prices touch their lowest in nearly six years in the previous session.
Jan 14, 2015, 21:49 PM IST
Oil slides again, hits lowest since April 2009
Benchmark Brent crude broke below $49 a barrel, drifting further below the $50 support level it had seen earlier in the week. US crude fell below $48.
Jan 10, 2015, 00:04 AM IST
Why Brent crude's slide has stopped for a few days at least
In the last two months of its slide, Brent had loitered at those levels for three to nine days before resuming its drop.
Jan 09, 2015, 12:38 PM IST
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
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
Price fall to push oil industry into sharp recession: Report
The oil price plunge means energy companies will slash capital spending in North America. Europe and Asia in 2015, investment bank Evercore IS said Tuesday.
Jan 07, 2015, 00:16 AM 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
