Oil rallies but still near 6-1/2-year lows
European share markets recovered on Tuesday but Chinese stock markets closed down more than 7 percent, with panic selling intensifying after the Shanghai Composite Index crashed through key support at 3,000 points.
Aug 25, 2015, 16:52 PM IST
Brent and US oil mark fresh 6-1/2-year lows on China and oversupply
US October crude also had dropped 60 cents to $39.85 a barrel, after hitting $39.71 a barrel or the lowest since $39.44 in March of 2009.
Aug 24, 2015, 08:09 AM IST
Oil prices fall ahead of US stocks data
US benchmark West Texas Intermediate for September delivery fell 17 cents to USD 42.45 a barrel and Brent crude for October dipped 23 cents to USD 48.58 a barrel in late-morning Asian trade.
Aug 19, 2015, 09:22 AM IST
Oil prices fall again as US and Asian demand looks to weaken
Both crude oil benchmarks are now almost a third below their last peak from May, and analysts say more falls could lie ahead.
Aug 18, 2015, 08:40 AM IST
Oil prices slide further in Asia
Oil prices resumed their decline in Asia on Monday as a global glut of crude supplies showed no signs of abating in the face of sluggish demand, analysts said.
Aug 17, 2015, 09:07 AM IST
Oil trades close to multi-month lows, Brent below $50
"We`re talking about September crude runs now and that`s pretty much past summer," said Tony Nunan, a risk manager at Mitsubishi Corp.
Aug 06, 2015, 13:04 PM IST
Oil prices languish as supply concerns linger
US benchmark West Texas Intermediate for September fell 36 cents to $46.76 while Brent crude for September eased 42 cents to $51.79 in morning trade.
Aug 03, 2015, 08:27 AM IST
Oil prices down in Asia
US benchmark West Texas Intermediate for September delivery fell 36 cents to $48.16 and Brent crude for September shed 29 cents to $53.02 a barrel in late-morning trade.
Jul 31, 2015, 09:20 AM IST
Oil prices extend rise in Asia
US benchmark West Texas Intermediate (WTI) for September delivery was up 13 cents at USD 48.92 and Brent crude gained 32 cents to USD 53.70 a barrel in late-morning trade.
Jul 30, 2015, 10:33 AM IST
Oil prices fall close to four-month lows on China, glut worries
Both the dollar and euro held steady in early Asian trade after the dollar index slipped 0.7 percent in the previous session. The euro surged to a two-week high overnight, which had helped to support oil prices.
Jul 28, 2015, 08:43 AM IST
Oil down in Asia, hurt by Chinese factory slump
A strong dollar and signs of increasing US oil production added pressure on oil prices, which have already been depressed by a global crude oversupply, analysts said.
Jul 27, 2015, 09:17 AM IST
Oil prices resume decline on supply glut worries
Ahead of an official report, the industry-funded American Petroleum Institute (API) said stockpiles had increased by 2.3 million barrels last week.
Jul 22, 2015, 09:58 AM IST
Oil prices edge lower on stronger dollar, ample supply
U.S. August crude , set to expire on Tuesday, fell 12 cents to 50.03 a barrel by 0054 GMT. The front-month contract fell below $50 a barrel on Monday for the first time since April.
Jul 21, 2015, 08:51 AM IST
Oil edges lower as Saudi crude exports fall, US cuts drill rigs
Brent September crude was 12 cents lower at $56.98 a barrel by 0316 GMT. The benchmark had fallen nearly 3 percent last week and more than 10 percent for the month.
Jul 20, 2015, 09:37 AM IST
Oil prices down in Asia as Iran deal looms
A forecast by the International Energy Agency (IEA) for slower world oil demand next year was also weighing on the market, analysts said.
Jul 13, 2015, 08:59 AM IST
Oil prices rise in Asia but China, Greece cap gains
Robust commercial crude inventories in the United States added to the pressure in the face of a supply glut, they said.
Jul 09, 2015, 08:54 AM IST
Oil prices down in Asia as Greece and China weigh
US benchmark West Texas Intermediate for August delivery dropped 14 cents to $52.19 a barrel and Brent tumbled 13 cents to $56.72, both reversing an earlier uptick.
Jul 08, 2015, 08:42 AM IST
Oil rebounds in Asia
US benchmark West Texas Intermediate for August delivery advanced 47 cents to $53.00 in late-morning Asian trade after plummeting nearly 8.0 percent, or $4.43, in US closing deals Monday.
Jul 07, 2015, 09:17 AM IST
Oil tumbles in Asia as Greek vote shakes world markets
Oil fell in Asia on Monday as investors digested the implications of Greece rejecting tough austerity demands from creditors which could send the debt- strapped nation crashing out of the eurozone, analysts said.
Jul 06, 2015, 09:06 AM IST
Oil holds below three-week lows as Greek enters 2nd day of bank shutdown
Oil futures hovered below three-week lows on Tuesday as investors waited for developments in Greece following a bank shutdown, keeping them away from riskier assets and putting Brent crude on course for a second month of declines.
Jun 30, 2015, 13:48 PM IST
