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 ...

BP shares jump as oil company doubles cost cuts

BP shares were up almost 5pc in late morning trading in London despite the oil company reporting that its so called “replacement cost profit” fell by 50pc to $4.98bn (£3.04bn) ...

OPEC considers December oil output boost

OPEC could intervene to boost oil output in December from it's member countries if oil prices were to reach $100 a barrel, according to the group’s president and Kuwait’s oil ...

Stronger US dollar pushes oil prices lower

Light crude oil prices traded lower Monday as the US dollar strengthened after gaining early on a weaker US dollar, showing that currency strength and other economic considerations, rather than ...

Oil price trading below $79 after late Monday slide

Oil prices were trading back below $79 a barrel Tuesday in Asia as investors eyed a volatile US dollar. Benchmark light crude oil futures for December delivery rose 12 cents ...

The truth about energy and peak oil

Floating within a trading range for several weeks, the price of crude oil has recently broken out to a new recovery high. Skeptics can say what they want but it ...
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