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Oil sits near half-year lows as global supply overhang weighs

Oil sits near half-year lows as global supply overhang weighs

Oil prices were not far off six-month lows, held down by an ongoing supply overhang that persists despite an OPEC-led effort to cut production and prop up crude markets.

Oil hits 6-week low as OPEC fails to curb oversupply

Oil hits 6-week low as OPEC fails to curb oversupply

Brent crude oil fell 30 cents to USD 46.70 a barrel, its weakest since May 5 and just above six-month lows, before recovering a little to trade around USD 46.90 by 0945 GMT.

Oil rises on Syria attack, dollar shrugs off jobs report

Investors still expect the Federal Reserve to raise interest rates twice more in 2017.

Oil falls as Fed rate hike speculation sends dollar surging

Oil falls as Fed rate hike speculation sends dollar surging

Oil prices retreated from 2016 highs and snapped a two-day rally on Wednesday, hurt by a surge in the dollar after the US Federal Reserve signalled it could raise interest rates next month.

US oil prices dive below $27 a barrel

US crude tumbled below $27 a barrel in Asia Thursday as the oversaturated market struggled to cope with high inventories in the United States and an increased output from OPEC.

Oil selling resumes as Iraq supply worsens glut

 US oil prices recoiled 6 percent on Monday, slipping below the pivotal $30-a-barrel threshold in post-settlement trade, after news that Iraq`s output reached a record last month returned attention to a market glut that sent prices to 12-year lows last week.

Oil gains 8% but set for biggest Jan fall in 25 years

Oil gains 8% but set for biggest Jan fall in 25 years

 Oil extended its gains and soared about 8 percent on Friday, as a cold snap boosted demand for heating oil and investors took advantage of the lowest prices since 2003 to close out some of their more profitable bets on price declines.

 

Oil plunges below $30 per barrel, first time since Dec 2003

Oil plunges below $30 per barrel, first time since Dec 2003

Oil plunged below $30 per barrel on abundant crude supplies, as OPEC member Nigeria called for an emergency meeting to address collapsing prices that have ravaged revenues.

Oil falls to $37, near 11-year low, as excess supply weighs

Oil falls to $37, near 11-year low, as excess supply weighs

Oil fell to around $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has led to prices more than halving since the downturn began in mid-2014.

Watch: How falling crude oil prices affect Indian economy

Watch: How falling crude oil prices affect Indian economy

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Oil prices drop as OPEC output rises; Brent below $40 per barrel

European benchmark Brent oil for January delivery shed 38 cents to $39.73 a barrel in London. It was Brent`s first close below the $40 line since February 2009.

 

Oil higher in Asia ahead of US jobs report, hurricane threat

Oil higher in Asia ahead of US jobs report, hurricane threat

Oil prices climbed in Asia Friday ahead of the release of a US jobs report and as a hurricane threatened refineries on the US east coast.

Oil jumps 8 percent, biggest three-day surge since 1990

Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of US crude production data and OPEC`s readiness to talk with other producers helped extend the biggest three-day price surge in 25 years.

Oil prices extend gains after biggest daily climb in 6 years

Crude oil futures rose on Friday, adding to their biggest one-day rally in over six years the day before, led by recovering equity markets and news of diminished crude supplies.

Oil markets catch breath after biggest gains in six years

Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.

Oil price near 6.5-year low as China economy fears linger

Crude oil futures held in a narrow band on Wednesday not far off 6-1/2 year lows after China`s central bank moved to support the country`s stumbling economy, while concerns about a supply glut capped gains.

Oil dives below $40 per barrel, logs longest weekly losing streak in 29 years

US crude oil prices on Friday dove below USD 40 a barrel for the first time since the 2009 financial crisis, notching their longest weekly losing streak in 29 years.

Five key reasons behind falling oil prices

Here are the 5 key reasons of oil price decline.

Oil price hits 6.5-year low, approaches key $40 level

Oil prices slid to a fresh six and a half year low in Asia Thursday, approaching the key USD 40 a barrel level after a surprise rise in US inventories added to concerns of a supply glut.

Oil prices fall further on oversupply fears

US benchmark West Texas Intermediate (WTI) for September delivery was at USD 43.57, down from USD 43.87 on Friday in New York - its lowest close since March 17.