Tag: EIA

SINGAPORE: Oil prices dipped in Asia on Wednesday as traders anticipated an increase in US crude inventories when weekly data from the Energy Information Agency is released later in the day.

NEW YORK: Oil jumped about 5 percent on Thursday, the biggest daily gain in a month, as air strikes in Yemen by Saudi Arabia and its Gulf Arab allies sparked fears that escalation of the Middle East battle could disrupt world crude supplies.

SINGAPORE: Oil prices rose in Asia on Monday, extending a sharp rebound at the end of last week, with analysts predicting the sector has bottomed out after plunging almost 50 percent since June.