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US crude down 3% after big stockpile build report

US crude down 3% after big stockpile build report

Oil prices tumbled on Wednesday, with U.S. crude falling more than 3 percent, after an unexpectedly large inventory build in the world`s biggest oil consumer renewed worries about oversupply.

India to benefit as US lifts 40-year-old ban on oil export

India to benefit as US lifts 40-year-old ban on oil export

The United States on Friday lifted a 40-year-old ban on export of oil, thus paving the way for energy deficient countries like India to open up another frontier to import oil from a distant friendly nation.

US crude oil holds near 2009 lows as global glut persists

US crude oil holds near 2009 lows as global glut persists

US crude prices remained near 2009 lows in early Asian trading on Friday as oil output in the Middle East continued to rise despite an existing global glut.

US lowers estimate of domestic crude oil output

The US government cut its estimate of domestic oil production on Monday, helping send crude prices sharply higher.

US crude down 4% to hit 6-1/2-year low on surprise stock build

US crude down 4% to hit 6-1/2-year low on surprise stock build

US crude oil slumped over 4 percent on Wednesday to hit a 6-1/2-year low and almost break below $40 per barrel, as a huge unexpected stockpile build in the United States reinforced concerns about a growing global oil glut.

Oil down 3% on dollar rally, ample supply worry

Oil prices fell 3 percent on Tuesday, with U.S. crude extending losses for a fifth straight day, as the dollar rallied amid evidence that the United States and top oil exporter Saudi Arabia were pumping more than the world needed.

Oil surges after lower than expected US inventory rise

Oil prices rallied and U.S. crude jumped nearly 6 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week.

Oil prices extend gains as OPEC cuts output forecast

Oil prices advanced further on Monday as OPEC forecast a reduction in US output amid a dip in North American crude production.

Oil slips to $49 as US crude inventories hit record

Oil slipped to $49 a barrel on Wednesday after US crude stocks soared to the highest on record last week, and as a firmer dollar weighed on prices.

Oil drama drives shares lower in Asia and Europe

European shares sank for a third day on Tuesday as a slide in oil prices showed no sign of easing off, supporting traditional safe-haven assets such as top-rated government bonds, the Japanese yen and the Swiss franc.

Oil prices up as Russia-Ukraine tensions escalate

US benchmark West Texas Intermediate (WTI) for May delivery gained 51 cents to USD 104.25 per barrel in mid-morning Asian trade while Brent North Sea crude for May rose 52 cents to USD 107.85.

Oil prices rise on Ukraine fears

New York's main contract West Texas Intermediate (WTI) for May delivery rose 46 cents to USD 100.90 a barrel in mid-morning trade and Brent North Sea crude for May gained 31 cents to USD 106.13.

Oil prices ease in Asian trade

The announcement of a deal to reopen the Zueitina and Al-Hariga terminals was made in Zueitina in the presence of government members and rebel chief Ibrahim Jodhran.

Brent climbs above $106 as Fed shows confidence in US economy

Brent crude rose on Thursday to hover around $106 a barrel after the U.S. Federal Reserve signalled interest rates could rise next year, indicating strength in the world`s largest economy and top oil consumer, while geopolitical tensions also underpinned prices.

Oil prices mixed in Asia

New York's main contract, West Texas Intermediate for April delivery, eased 24 cents to USD 97.84 in mid-morning trade while Brent North Sea crude gained 11 cents to USD 106.35 for its May contract.

Oil prices ease ahead of Yellen testimony

Oil prices eased in Asian trade on Thursday as investors await a testimony by the US central bank chief for fresh clues on the state of the world's biggest economy, analysts said.

Oil holds above $100 on strong China lending data

Oil prices held above USD 100 in Asian trade on Monday cheered by a surge in bank lending in China, the world's top energy consumer.

Oil prices down in Asia on weak Chinese data

New York's main contract, West Texas Intermediate for March delivery, eased 51 cents at USD 96.98 in mid-morning trade while Brent North Sea crude for March was down 26 cents at USD 106.14.

Oil prices rise on GDP data, heating demand

US benchmark West Texas Intermediate for March delivery jumped 87 cents to USD 98.23 a barrel on the New York Mercantile Exchange.

Oil rebounds from eight-month lows

New York's main contract, West Texas Intermediate (WTI) for February delivery was up 74 cents to USD 92.40 a barrel in mid-morning trade, while Brent North crude for February gained 29 cents to USD 106.68.