OPEC likely to increase oil production
OPEC oil ministers are set to hold a regular ministerial meeting in Vienna on June 8, to mull the market’s supply and demand and...
Oil rally on price forecast upgrades
In reports published on Monday, both Goldman Sachs and Morgan Stanley increased their price forecasts for European benchmark Brent crude, citing decreasing spare capacity...
Signals about global recovery faltering raise concerns about oil demand
In the oil market, analysts agree that any signals about global recovery faltering will raise concerns about future oil demand.
Oil prices slid from highs...
Oil reverses
Crude-oil futures bounced off 12-week lows in electronic trading Wednesday, as the U.S. dollar declined and encouraged buying in dollar-priced commodities, ahead of a...
Oil price extends losses
Oil price extended losses on Tuesday, as the dollar benefited from ongoing worries about European sovereign-debt issues and concerns about U.S. growth and oil...
Gold, silver, crude oil turning bearish
Gold and silver futures slumped Wednesday as the euro weakened, prompting a rally for the US dollar. Euro dropped to a three-week low against...
Crude-oil futures rose; stocks advance in Asia
Crude oil futures rose more than 1% to trade above $98 a barrel, after sliding more than 15% last week amid a broad...
Oil markets expected to continue to tighten
Oil markets will continue to tighten over the next two years given expected robust growth in world oil demand and slow growth in...
Oil at two and half year high
Oil reached to its highest level since two years on Friday, as supply cuts stemming from attacks on Libyan oil fields offset demand concerns...
Dubai Mercantile Exchange: Record two billion barrels traded since launch
The Dubai Mercantile Exchange Limited (DME) announced today that cumulative trading of its benchmark DME Oman Crude Oil Futures Contract (DME Oman) has exceeded...
Oil Shock to the Global Economy
Global energy markets brace for a shock, as Japan is expected to seek replacement to large amounts of the country's nuclear power capacity, devastated...
Oil futures rose by 1.6 percent, topping $106
Crude oil prices rose to two and half year highs on Monday on heightened worries about supply disruption due to deepening civil unrest in...
Oil futures ended above $104 a barrel
Oil futures ended above $104 a barrel Friday and registered a weekly gain of nearly 7% , as investors consider that turmoil in Libya...
Oil prices eye fresh 2-1/2 year highs
Crude oil prices hold near 2-1/2 year peaks as worries about supply disruption persisted given ongoing unrest in Libya.
U.S. crude rose 0.2...
Oil prices could drop as far as $70 a barrel
Oil prices worldwide could drop as far as $70 a barrel when the North African region and the Middle East see a calming of...
Oil dropped sharply from near $120 a barrel
Oil dropped sharply from two and half year highs, near $120 a barrel on Thursday, following Saudi Arabia's assurance it could fill any Libyan...
Libya has declared force majeure on its oil contracts; Oil price...
Libya has declared force majeure on its oil contracts, Reuters reported Tuesday, citing oil traders. The news follows Libyan leader Col. Moammar Gadhafi's refusal...
Egypt unrest pushes Brent crude oil to $100 a barrel
The price of Brent crude oil has passed $100 a barrel for the first time since October 2008 on concerns about the political unrest...