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11 Dec 2015

Oil prices inch closer to 11-year low as IEA warns of worse glut, US stays warm

Brent`s session low was $37.36 - barely a dollar above the$36.20 hit during the financial crisis. If it falls through that, it will go to June 2004 lows, when it traded at around $34 a barrel.

10 Dec 2015

OPEC says cheap oil to hit rival supply harder in 2016

OPEC forecast on Thursday that oil supply from non-member countries will fall more sharply next year, a development that would suggest its strategy reaffirmed last week of defending market share not prices is working.

09 Dec 2015

Oil prices rise but stay near multi-year lows

Oil prices crept higher Wednesday but still struggled near multi-year lows as analysts warned the weakness will continue past next year.

09 Dec 2015

Oil rises as US crude inventories dip, Japan machinery orders bounce

Oil prices rose on Wednesday as U.S. crude stocks dipped, while Japan posted rising machinery orders, lending the market support amid an ongoing supply glut that could see the market run out of onshore crude storage sites in the first quarter of 2016.

18 Mar 2015

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.

06 Jan 2015

US crude hits new 5-1/2-year low, falls below $49 per barrel

Oil prices sank to fresh 5-1/2-year lows on Tuesday, extending losses after a 5 percent plunge in the previous session as worries over a global supply glut intensified.

23 Jun 2014

Brent near 9-month high above $115 on Iraq tensions

Brent crude rose above USD 115 a barrel on Monday, holding near a nine-month high amid concerns of possible disruptions to supply from Iraq where Sunni insurgents seized control of more towns over the weekend.

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