Oil sits near half-year lows as global supply overhang weighs
Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.
Jun 16, 2017, 10:38 AM IST
Oil price hits 6.5-year low, approaches key $40 level
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.
Aug 20, 2015, 10:03 AM IST
Oil up more than 1% after US inventory drop
Crude oil prices rose more than 1 percent on Friday after U.S. inventories fell for a fourth straight week, though a stronger dollar left prices set for a weekly drop.
May 30, 2015, 10:13 AM IST
Oil prices fall on eve of US data
Brent North Sea crude for April delivery slid $1.23 to stand at $61.30 a barrel in London midday deals.
Feb 18, 2015, 18:37 PM IST
