Oil prices fall on oversupply, but US crude supported by Gulf of Mexico storm
"Fundamental data indicates that the oil market is oversupplied by over 2 million barrels per day," the bank said. But it added that due to a recent rally in prices it had lifted its average 2015 Brent and WTI price forecasts to $60 and $55.10 per barrel respectively, up from $52.50 and $48.60 a barrel previously.
Jun 15, 2015, 12:44 PM IST
Oil prices drop as IEA predicts demand slowdown
US benchmark West Texas Intermediate for delivery in July fell 58 cents to USD 60.85 a barrel compared with yesterday's closing level. Brent North Sea crude for July slid 46 cents to stand at USD 65.24 around midday in London.
Jun 11, 2015, 19:39 PM IST
Oil prices down in Asian trade
WTI jumped USD 1.06 and Brent rose 61 cents yesterday after a sharp fall in the US dollar, which made dollar-priced crude cheaper for buyers using weaker currencies.
Jun 03, 2015, 10:28 AM IST
Oil prices higher in Asian trade
Analysts expect inventories fell for a fourth consecutive week, by 2.0 million barrels, according to a survey by Bloomberg News.
May 28, 2015, 12:14 PM IST
