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Oil prices rebound in Asia on bargain-hunting

Oil prices rebound in Asia on bargain-hunting

Oil rebounded in Asia today on bargain hunting following a sharp fall the day before as lingering concerns about the global crude supply glut continued to keep a lid on gains.

Oil prices retreat in Asian trade

Oil prices retreated in Asia on Wednesday as traders focus on US crude stockpile report, a day after growing concerns over China`s economy sparked a massive sell-off in shares of commodity firms.

Oil prices rise ahead of OPEC output meeting

"We expect payroll numbers to go up, and this will in turn firm up the dollar and subsequently make dollar-priced crude more expensive," said Teo.

Oil prices rebound in Asia

Oil prices rebounded in Asia on Thursday after falling sharply to fresh five-year lows in the previous session after OPEC cut its forecast for demand 2015 and US stockpiles saw a surprise surge, analysts said.

Oil hits five-year lows in longest losing streak since 2008 crisis

Both US crude and Brent have fallen for five straight months, oil`s longest losing streak since the 2008 financial crisis.

Oil prices rise in Asian trade

Analysts say the stance of Gulf nations within the OPEC will be crucial for a positive decision on reducing supplies to boost prices, which have fallen around 30 percent since June.

Oil prices rise on weak dollar

Oil prices rose in Asia Tuesday as dealers made the most of a weakening dollar while keeping an eye on continuing fighting in Iraq, analysts said.

Oil prices rise in Asia

Oil prices rose in Asian trade Friday after China posted lower-than-expected inflation and as traders await a flurry of other data from the world's second-biggest economy including industrial output.