Oil News

Oil prices rose in European trade for the second session, hitting two-week highs and on track for the second weekly profit in a row on concerns about global supply shortages.   The concerns ...

Oil prices rose in European trade on Thursday after a short hiatus from gains, almost hitting two-week highs as concerns about US oversupplies fade.    Recent data showed a spike in US ...

Oil prices rose in European trade for third straight session Wednesday, hitting two-week highs after initial data showed a surprise drawdown in US crude stocks.    Now traders await ...

Oil prices rose in European trade for the second straight session, hitting two-week highs as Kurdish supplies from Kurdistan get disrupted following a court order in Turkey.    Prices are ...

The Energy Information Administration reported an increase of 1.1 million barrels in US crude stocks to 481.2 million barrels, while analysts expected a drop of 1.7 million barrels.   Gasoline ...

Oil prices rose on Tuesday as the dollar stabilized against most major rivals and amid spreading calm in the markets in regards to the banking system.   Otherwise, Russian deputy prime ...

Oil prices rose 2.5% in European trade, moving off 15-month lows for the second session as concerns about the global banking concerns subside.    Prices were also boosted by dollar's ...

Oil prices slumped on Friday and extended recent losses due to ongoing concerns about the banking sector in the US and Europe.    Analysts believe the fundamentals to remain solid for ...

Oil prices declined on Thursday for the fourth straight session, almost touching 15-month lows on concerns about the global banking sector crisis and its impact on the global economy and fuel ...

Oil prices fell on Tuesday sharply despite OPEC's positive outlook for Chinese demand this year.    OPEC's outlook   In its monthly report, OPEC raised its forecasts for growth in ...