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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 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 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 slump due to crude oversupply

LONDON: Oil prices dipped on Friday in a market burdened by a persistent oversupply of crude.

Oil prices up on geopolitical tensions sparked by Paris attacks

SINGAPORE: Oil prices climbed in Asia Monday on geopolitical tensions sparked by the deadly terror attacks in Paris, but analysts said a global crude supply glut is likely to restrict any gains.

Oil prices extend gains in Asian trade

SINGAPORE: Oil prices climbed in Asia Monday boosted by a weaker dollar and expectations a rise in demand will ease a global supply glut, while investors await the release of key Chinese economic data this week.

Oil leaps 5 percent as dollar rally stalls, U.S. rigs fall

NEW YORK: Crude oil prices jumped almost 5 percent on Friday, their biggest rally in 1-1/2 months, as a steady U.S. dollar and a bigger than expected drop in U.S. oil rigs in operation set off a renewed rush of bullish bets.

Oil prices lower in Asian trade

SINGAPORE: Oil prices eased in Asia Friday on concerns about unrelenting global production levels and lofty supplies, analysts said.

Oil trades mixed on high US supplies, Yemen unrest

NEW YORK: World oil prices traded mixed Friday after sharp gains in the previous session as traders weighed copious US supplies and Yemen unrest in the crude-rich Middle East.

Oil prices slip in Asian trade

SINGAPORE: Oil prices slipped on profit-taking in Asia Friday, unwinding sharp gains in the previous session fuelled by concerns unrest in the Middle East could hurt supplies from the crude-rich region, analysts said. 

Oil dives 5 percent as worries about Iran talks trump Yemen

NEW YORK: Oil tumbled 5 percent on Friday, erasing the previous session's gains, as Yemen's conflict looked less likely to disrupt Middle East crude shipments and investors turned their focus to talks for a potential Iran nuclear deal that could put more supply on the market.

Oil leaps 5 percent, most in a month, on air strikes in Yemen

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.

Oil prices extend losses

LONDON: Oil prices extended losses in Wednesday to six-year lows on expectations that US crude stockpiles will rise further, in a market already awash with supplies, analysts said.

Oil prices mixed in Asia, US crude near six-year lows

SINGAPORE: US crude fell to near six-year lows in Asia on Tuesday, extending losses in New York as worries about a global oversupply were exacerbated amid an OPEC warning of a continued petroleum glut, analysts said.

Oil prices rebound in Asia

SINGAPORE: Oil prices climbed in Asia Friday as news of a deal to end a strike at US refineries helped reverse losses that had been fuelled by another leap in US inventories.

Oil dives on soaring dollar after US jobs report

NEW YORK: A robust US jobs report Friday sent the dollar soaring, driving a sell-off in the oil market that left the US futures benchmark back below $50 a barrel.

Oil prices mixed before US data

LONDON: Oil prices were mixed Wednesday before the release of a key US supply report and as dealers eyed escalating violence in crude producer Libya, analysts said.

Oil prices fall on oversupply and refinery strike concerns

LONDON: Oil prices fell on Monday as worries about oversupply and a further rise in dollar exchange rates pushed Brent futures down by over a dollar to around $59 a barrel.

Oil prices fall in Asian trade

SINGAPORE: Oil prices fell in Asia Friday after enjoying a strong rally in the previous session in response to news that leading petroleum producers are curtailing investment.

Oil prices rebound in Asia after heavy selloff

SINGAPORE: Oil prices rebounded in Asia on Wednesday following a sharp decline in the previous session, analysts said, as investors await a weekly US stockpiles report later in the day.
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