Oil rises to $87 as investors say market oversold
Brent crude oil rose more than a dollar to around $87 a barrel on Friday, bouncing from near four-year lows as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk.
Oct 17, 2014, 18:07 PM ISTOil sinks to four-year low as economic worries mount
Oil fell more than $1 a barrel on Thursday to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout.
Oct 16, 2014, 16:50 PM ISTOil dips below $84, near four-year low, on oversupply
Brent crude fell to a fresh 47-month low on Wednesday, dipping below $84 a barrel as faltering global growth curbed demand for fuel at a time of heavy oversupply.
Oct 15, 2014, 15:11 PM IST