Brent oil price hits $80 in Friday trading, weak dollar

Brent crude oil price for December was trading up around 0.8%, to $80.15 on the ICE Futures exchange and traded at $79.97 a barrel at 12:14 p.m Singapore time.Crude ...

Oil trading back up near $82 Friday, year highs

Oil prices rose to near $82 a barrel in trading on Friday in Asia, just below a the 2009 year highs, benchmark crude oil futures for December delivery rose 51 ...

OPEC considering increasing oil output in December

OPEC may increase their oil output targets when the group meets in Luanda, Angola on December 22. OPEC’s Secretary-General, Mr. Abdalla el-Badri, said if oil prices continue to rise; if ...

IEA says oil price spike could damage global recovery

A rapid rise in oil prices could damage the global economic recovery, the head of the IEA said on Thursday, but added it was too early to say if that ...