Brent oil price jumps $75 to $78 in one trading session

Brent oil prices jumped three percent in trading on Thursday, while US stocks logged their best one day percentage gain in three months, as investors saw data showing the US ...

Oil price trading around $80 Friday morning

US Light oil prices hovered above $80 a barrel in early trading on Friday morning in Asia after the US economy snapped four straight quarters of contraction, suggesting demand for ...

Oil price up sharply on US growth

The price of oil has risen sharply after figures showed the US economy had returned to growth, its first expansion for more than a year. The price of US light ...

Oil companies earnings stung by recession

Oil companies, long accustomed to making hefty profits, were stung last quarter by weak oil and natural gas prices and lowered demand. Oil companies ExxonMobil Corp. and Royal Dutch Shell ...

OPEC exports rise 40,000 barrels per day in month to Nov 14

Oil shipments from the Organization of Petroleum Exporting Countries, excluding Angola and Ecuador, are expected to rise 40,000 barrels per day in the four weeks ending Nov. 14, compared with ...

Oil price falls more than 2 percent Wednesday trading

US Light crude oil for December delivery fell $2.09, more than 2 percent, trading down to settle at $77.46 a barrel on the NYMEX at the close on Wednesday, while ...

OPEC members question US dollar oil pricing

OPEC members Venezuela and Iran want oil transactions to use the euro instead of the US dollar. But OPEC general secretary Abdalla Salem El-Badri has expressed skepticism at the proposal. “The ...

Oil prices advance to around $80 in Asian trading

World oil prices advanced marginally in Asian trading on Wednesday mainly on a report showing drop in US stockpiles. Light oil prices climbed above $79 a barrel in New York ...

Brent oil trading slightly down around $77 Wednesday

London Brent crude oil on Wednesday is trading around the $77 dollar mark on the ICE Futures Exchange, giving up some of the previous day’s gain on weaker Asian equities ...

Crude oil prices may remain trading upwards

Crude oil prices remain trading upwards even if the oil market unwinds gains made this month and falls back toward $70 a barrel, according to an analysis of price charts ...
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