Oil trading around $78, speculators eye US dollar, oil demand

Oil prices are trading around the $78 a barrel mark on Tuesday in Asia amid mixed signs about the global economy and crude oil demand.Benchmark Light crude oil futures for ...

IEA says rising oil price would hurt economic recovery

Crude oil prices would threaten a rebound in the global economy if they rise beyond current levels, the chief economist of the IEA said on Monday. "We would like to ...

OPEC sees additional 20 million barrels of daily oil demand

OPEC’s president Jose Botelho de Vasconcelos said on Monday the group sees global oil demand growing to 106 million barrels per day in the period from last year to 2030, ...