Oil prices slightly up in Asia but gains limited

US benchmark West Texas Intermediate (WTI) for delivery in December was trading three cents higher at USD 40.57 a barrel on its last trading day, while Brent crude for January was up 11 cents to USD 44.29.


Oil prices resume decline in Asia
Oil prices resume decline in Asia

US benchmark West Texas Intermediate for delivery in December was trading 47 cents lower at USD 43.74 and Brent crude for December was down 26 cents at USD 47.18.


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.

Oil market jumps on hopes of easing global supply glut

World oil prices shot higher Wednesday on forecasts that US shale production would likely drop and help ease a global supply glut, analysts said.

Oil prices down in Asian trade

Oil prices fell on profit-taking in Asia Tuesday after rallying in the previous session owing to doubts the nuclear agreement between Iran and global powers will immediately boost Tehran`s crude exports, analysts said.

Oil prices drop on weak demand, potential Iran deal

Oil prices fell on Monday as traders focused on whether Iran and six world powers would reach a deal that could add fuel to an already oversupplied market if sanctions against Tehran are lifted.

Crude oil futures fall 2.57% as it trades at 6-year low in Asia

At the Multi Commodity Exchange (MCX), crude oil for delivery in March tumbled by Rs 71, or 2.57 percent, to Rs 2,688 per barrel in 8,910 lots.

Oil prices up over 4% on Libya raid, China easing

Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost in oil demand from China`s central bank easing helped the market rebound from a sharp rout in the previous session.

Oil slumps to near six-year low under $44 per barrel

New York oil prices tumbled to a near six-year low underneath $44 per barrel on Thursday, as record-high US crude inventories deepened worries over the global supply glut.

Oil jumps as Saudi king's death feeds market uncertainty

Oil prices jumped on Friday as news of the death of Saudi Arabia`s King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.

Oil slumps to nearly 6-year low as Goldman Sachs slashes price outlook

Brent crude for February delivery collapsed to USD 47.18 -- the lowest since late April 2009 -- before recovering slightly to USD 47.57.

US crude oil slips below $50/barrel as glut fear deepens

The sell off in global oil markets showed little signs of slowing in the new year with US crude breaking below USD 50 a barrel, the first time since April 2009, on fears of a supply glut.

Oil prices may hit $50 per barrel next year

Over-supply is the major factor for bearish condition of crude oil prices and is expected to persist in 2015.

US crude down 10% post-OPEC, Brent breaks below $70

US crude tumbled 10 percent in its biggest one-day drop in more than five years on Friday, and benchmark Brent broke below $70 a barrel, as OPEC`s decision not to cut output sent oil traders and analysts scurrying to find a new trading floor.

Oil prices up after upbeat Chinese data, Syria bombing

Oil prices rose in Asia Thursday in response to better-than-expected Chinese manufacturing data and after the United States said it had led bombing raids against jihadists in crude producer Syria, analysts said.

Oil prices dip after brief recovery

US benchmark West Texas Intermediate for delivery in November slipped five cents to $82.70 a barrel.

Oil prices slide to over 4-year low; Brent crude at $88 per barrel

Oil prices fell to fresh multi-year lows in Asian trade Tuesday, with analysts blaming concerns about a supply glut and the effects of weaker demand from Europe and China.

Oil prices plunge as Libyan supplies ramp up

Global oil prices dived on Friday on the prospect of Libyan oil production ramping up after rebels lifted blockades on shipping terminals.

Oil extends losses on return of Libyan supplies

Oil extended losses in Asia Thursday on prospects that Libya will begin exporting more crude into a global market flush with supplies, while easing concerns about the Iraqi crisis also weighed on prices.