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Oil prices down in volatile Asian trade

SINGAPORE: Oil prices fell in Asia Wednesday following a three-day rally as dealers were divided on whether the commodity has bottomed out after a plunge of nearly 60 percent since June, analysts said.

Oil prices rocket by nearly $4 a barrel

NEW YORK: Oil prices surged by nearly $4 a barrel in late trade Friday, rebounding from six-year lows on month-end covering and signs the industry is quickly tightening exploration activities.

Oil prices mixed in Asian trade

SINGAPORE: Crude prices were mixed in Asia Friday, after the US Senate approved a bill to build an oil pipeline from Canada to refineries in the US Gulf Coast, adding to concerns over a supply glut.

Oil jumps as Saudi king's death feeds market uncertainty

SINGAPORE: Oil prices jumped in Asian trading on Friday as news of the death of Saudi Arabia's King Abdullah added to uncertainty in energy markets already facing some of the biggest shifts in decades.

Oil prices edge lower in Asian trade

SINGAPORE: Oil prices edged lower in Asia Monday as a rally late last week fizzled out owing to lingering concerns about weak demand and a global supply glut, analysts said.

Oil market rebounds, lifted by IEA report

NEW YORK: World oil prices rebounded Friday after the International Energy Agency declared there were signs "the tide will turn" in the battered market following recent multi-year lows.

Oil prices edge up in Asian trade

SINGAPORE: Oil prices rebounded in Asia Friday after plunging in the previous session in reaction to news that OPEC had overproduced in December, while it also cut its global demand outlook.

Oil prices dip further in Asian trade

SINGAPORE: Oil prices on Tuesday slipped further toward six-year lows in Asia after major crude producers stressed they will maintain output levels despite an oversupply.

Oil extends 'disconcerting' fall

SINGAPORE: Oil extended its "disconcerting" plunge towards six-year lows in Asia Tuesday after Wall Street giant Goldman Sachs lowered its price forecast, adding to concerns about a supply glut and weak demand.

Oil prices rebound in Asian trade

SINGAPORE: Oil prices recovered slightly in Asia Tuesday after the US contract fell below the psychological $50 mark in New York on demand worries, a strong dollar and a global supply glut.

Oil prices rise on violence in Libya

SINGAPORE: Oil prices rose in Asia Monday as fresh violence in Libya stoked concerns about possible supply disruptions, analysts said.

Oil prices extend gains in Asia

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.

Oil prices sink further in Asian trade

SINGAPORE: Oil suffered fresh losses in Asia Wednesday, sinking to new multi-year lows as dealers watch Russia's ruble crisis and await the latest US crude supply report, analysts said.

Oil prices slip again after WTI sinks below $60

SINGAPORE: Oil prices sank further in Asia Friday, with analysts warning of little respite from the selling after plunging more than 40 percent since June. 

Oil prices mixed ahead of US stockpiles report

SINGAPORE: Oil prices were mixed in Asia Wednesday as dealers looked ahead to the release of the latest US supply report after a sell-off in the previous session owing to price cuts by Saudi Arabia.

Oil rebound extends in Asia

SINGAPORE: Oil prices extended a minor rally on bargain-buying Friday, a day after the US benchmark fell below $80 for the first time in more than two years.

Oil prices hit new multi-year lows in Asia

SINGAPORE: Oil prices fell to fresh multi-year lows in Asian trade Tuesday, with analysts blaming concerns about a supply glut and the effects of weaker demand from Europe and China.
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