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International crude price News

11 Sep 2015

Oil weakens as Saudi sees no need for oil summit to defend prices

The front-month October contract for Brent, the global oil benchmark, shed 5 cents to USD 48.84 a barrel after it settled up USD 1.31, or 2.8 percent, on Thursday at USD 48.89 a barrel.

20 May 2015

US crude rebounds towards $59 on crude stocks data

US crude futures rose on Wednesday after a more than three percent slide in the previous session, supported by a larger than expected drop in crude inventories, although a firmer dollar capped gains.

13 May 2015

Oil up 3% in largest gain in three weeks; volatility threatens

Oil rose 3 percent on Tuesday, the most in three weeks, as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth.

28 Apr 2015

Oil prices down in Asian trade

Oil prices fell in Asia on Tuesday after a senior Saudi official signalled that the world's top crude exporter has no intention of cutting production despite a global supply glut, analysts said.

24 Apr 2015

Oil hits 2015 high on Yemen worry; US gasoline at November peaks

Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.

22 Apr 2015

Oil prices down in Asian trade

Oil prices fell in Asia today after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen and ahead of a key US supply report.

10 Apr 2015

Brent nudges up to near $57, set for weekly gain

Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand outlook and as worries about a quick return of Iranian supplies eased.

09 Apr 2015

Oil prices edge back from 6% fall, but outlook weak

Oil prices rose in early trading on Thursday, clawing back a part of the 6 percent slump in the previous session after a shock jump in U.S. crude inventories and record Saudi output, although analysts said sentiment remained bearish.

08 Apr 2015

Oil rallies on US data, bullish EIA monthly report

Oil futures rallied on Tuesday and U.S. crude approached 2015 highs on strong jobs data and government forecasts for lower U.S. crude production growth and higher global demand for oil.

06 Apr 2015

Oil up more than $1 after Saudi's Asia price hike

Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month, signalling better demand in the region.

31 Mar 2015

Oil prices dip as Iran nuclear deadline approaches

Oil sank on Tuesday as dealers tracked last-ditch efforts between global powers and Iran to reach a deal on Tehran's nuclear programme and ease sanctions imposed on the key crude producer.

31 Mar 2015

Oil drops to $55 as Iran nuclear talks intensify

Brent crude oil dropped towards $55 a barrel on Tuesday as Iran and six world powers entered a final day of talks over a nuclear deal that could see the energy-rich country increase oil exports to world markets.

27 Mar 2015

Oil up 5% after Saudi strikes in Yemen; dollar limits gains

Oil jumped about 5 percent on Thursday, rallying a second straight day, after air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears of a bigger Middle East battle that could disrupt world crude supplies.

25 Mar 2015

Oil prices diverge before US energy report

Oil traded mixed Wednesday before the release of US stockpiles data, a closely watched barometer of demand in the world`s biggest consumer of the commodity, analysts said.

25 Mar 2015

Oil prices dip as US stock-build drags, China strategic reserves fill

Crude oil futures fell on Wednesday, pressured by ballooning U.S. storage volumes and more evidence that China`s strategic reserves could nearly be full.

25 Mar 2015

Oil to reach $100 a barrel by end of 2016: Pickens

Oil prices could hit $100 a barrel by the end of next year, U.S. oil magnate T. Boone Pickens said on Tuesday, revising his previous forecast which said they would reach that level as early as this year.

25 Mar 2015

Oil prices mixed in Asia before US stockpiles data

Oil prices were mixed in Asia on Wednesday ahead of the release of US stockpiles data, a closely watched barometer of demand in the world's biggest consumer of the commodity, analysts said.

24 Mar 2015

Oil below $56 as Saudi output near record, China activity slows

Brent crude oil held below $56 a barrel on Tuesday on signs of slowing growth in China and as Saudi Arabia said its production was close to an all-time high.

18 Mar 2015

Brent falls towards $53 after US crude stocks rise; weaker dollar limits fall

Brent for May delivery fell 24 cents to $53.27 a barrel by 0108 GMT after ending the previous session 7 cents up at $53.51.

17 Mar 2015

Brent crude comes off six-week low to rise above $54

Brent crude rose above $54 a barrel in choppy trade on Tuesday, recovering some of the previous session`s losses when it hit a six-week low, but concerns over a growing supply glut kept a lid on gains.

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