Brent oil price trading steady on higher US stocks data

Brent crude oil prices are trading steady on Wednesday, slightly down 45 cents at $71.69 on London's ICE Futures Exchange after an overhight jump higher.US crude oil stocks jumped 7.2 ...

Oil prices trading with support around $73 on profit taking

Oil prices fell Wednesday in Asia trading but have some support around the $73 range, amid profit taking triggered by an overnight two percent oil price rise in New York ...

OPEC could cut oil output if prices fall below $70 US

OPEC member countries will call for further compliance before considering any oil output cut if oil falls below $70 US dollars per barrel, a member of Kuwait's Supreme Petroleum Council ...

Oil companies fight it out over Uganda’s oil fields

Multinational oil companies fight it out over who will win the right to develop Uganda’s oil fields has turned from a tussle into an all out fight with Heritage Oil ...