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Oil prices extend gains

LONDON: Oil prices extended gains Monday, boosted by strong US jobs growth data and a cut in the country's crude drilling activities sparking hopes of an easing in the supply glut.

Oil prices extend losses in Asia

SINGAPORE: Oil prices fell further in Asia Wednesday after OPEC kingpin Saudi Arabia shut the door on an output cut to ease the global crude supply glut, touting only a freeze in production.

Oil prices recover ahead of Iran-Iraq talks

SINGAPORE: Crude prices recovered in Asia Wednesday ahead of a meeting between the Iranian and Iraqi oil ministers following a Saudi Arabia-Russia agreement to freeze output.

Oil gives up gains as Iran loads shipment for Europe

SINGAPORE CITY: Oil prices turned lower again Monday as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut.

Oil prices dip after rally

LONDON: Oil prices dipped Monday as the rally sparked by prospects of a cut to the global supply glut faded.

Oil prices up in Asia, analysts temper hopes on Russia-OPEC talks

SINGAPORE: Oil extended a recent rally in Asia Friday, boosted by weakness in the dollar and Russia saying it could meet the OPEC producers' group for talks on possible output cuts to ease a painful supply glut.

Oil prices resume slide in Asia

SINGAPORE: Oil prices resumed their slide in Asia Wednesday as long-running concerns over the saturated market overshadowed talk of possible coordination between some major producers to slash output.

Gulf stocks rebound on oil price, global shares rally

KUWAIT CITY: Stock markets in the energy-rich Gulf states rebounded on Sunday, the first trading day of the Islamic week, after a rally in oil and global share prices.

Stock futures sink as oil rout shows no signs of abating

NEW YORK: U.S. stock index futures fell sharply on Wednesday, tracking global markets, as crude oil prices tumbled to new lows and fears of slowing global growth continued to gnaw at investors.

US crude falls below $28 as IEA warns market could ‘drown in oil’

SINGAPORE: US crude tumbled below $28 a barrel in Asia on Wednesday, hitting new 12-year lows, after the International Energy Agency (IEA) warned that the oil market could "drown in oversupply".

Oil plunges below $29 on prospects of more Iran crude, China worries

NEW YORK: Oil prices crashed 6 percent on Friday to close below $30 a barrel for the first time in 12 years, resuming this year's breathtaking rout as Chinese stock markets fell further and traders braced for an imminent rise in Iran's exports.

Oil prices tumble three percent to just over $30

SINGAPORE CITY: Crude oil fell 3 percent on Tuesday, heading toward $30 per barrel and levels not seen in over a decade, with analysts scrambling to cut their price forecasts and traders betting on further declines.

Oil prices rise after Saudi Arabia cuts ties with Iran

SINGAPORE: Oil prices rose in Asia Monday after crude kingpin producer Saudi Arabia cut diplomatic ties with Iran following a row over the Saudi execution of a Shia cleric.

Oil resumes decline in Asia ahead of US stockpiles data

SINGAPORE: Oil prices resumed their decline in Asia on Wednesday ahead of the release of data on US crude stockpiles and production.

Oil prices decline in Asia

SINGAPORE: Oil prices fell in Asia on Monday, giving up some of last week's sharp gains as concerns about a global supply glut weighed on prices ahead of fresh US stocks data.

Global stock selloff on seven-year oil lows

WASHINGTON: The relentless fall of global oil prices spurred another sharp drop in global share markets Friday, as panicked investors fled the energy sector and financial stocks as well.

Oil prices linger near seven-year lows

SINGAPORE: Oil prices hovered near their lowest in almost seven years in Asia Tuesday ahead of the release of US crude inventories and expectations of an increase in American interest rates.

Oil prices down in Asia ahead of OPEC policy meeting

SINGAPORE: Oil prices fell in Asia Wednesday as the Organization of the Petroleum Exporting Countries (OPEC) prepared to meet in Vienna, amid expectations it will maintain high output levels.

Oil prices rise in Asia with OPEC meeting in focus

SINGAPORE: Oil prices rose in Asia Tuesday but dealers were cautious before an OPEC meeting at which the cartel is expected to maintain high output levels despite a global supply glut.

Oil surges after Turkey shoots down Russian jet

NEW YORK: Global oil prices surged higher Tuesday after Turkey shot down a Russian warplane on the Syrian border, sparking concerns about rising in the oil-rich Middle East.
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