Financial Tribune - Oil prices surged on Monday, with Brent crude posting its biggest intra-day percentage gain since the Persian Gulf War in 1991, after an attack on Saudi oil facilities on Saturday shut over 5% of global supply. But prices came off their peaks after US President Donald Trump authorized the use of the countrys emergency stockpile ...

Tasnim Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed Chinas services sector expanded in December, while signs of lower crude supply also lent support. The Organization of the Petroleum Exporting Countries cut crude output in December and the American Petroleum Institute ...

Reuters | Henning Gloystein: Oil markets dropped by around 1 percent in 2019s first trading on Wednesday, pulled down by surging U.S. output and concerns about an economic slowdown in 2019 as factory activity in China, the worlds biggest oil importer, contracted. International Brent crude futures LCOc1 for March were at $53.27 per barrel at 0421 ...

IRNA - Oil prices jumped more than 5 percent on Friday as big Middle East producers in OPEC agreed to reduce output to drain global fuel inventories and support the market. Benchmark Brent crude oil rose $3.48 a barrel to a high of $63.54 before easing back to around $63.20 by 1450 GMT. In early trade, Brent had fallen below $60 when it looked as ...

Iranian President Hassan Rouhani says the current falling oil prices will be harmful to producers and will threaten the stability of global market. Today's oil price is to the detriment of producers and the world market stability. We hope that coordinated efforts by oil exporters to bring balance back to the oil market would continue, Rouhani said ...

[caption id="attachment_91881" align="alignright" width="180"] Saudi King Abdullah bin Abdulaziz (L) attending a conference with his entourage. (Photo: AFP)[/caption] Oil rose after the death ofKing AbdullahofSaudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries. Futures rallied as much as 3.1 percent inNew Yorkand ...

Brent crude prices, the benchmark for half the worlds oil, will weaken for a second year in 2014 as U.S. output expands and threats to Middle East and North African supply ease, the most-accurate forecasters said. Prices will average $105 a barrel in 2014, from $108.71 in 2013, according to the median of estimates from the seven analysts who most ...

(Reuters) - Oil prices fell on Tuesday on signs Iran-West tensions may ease enough to remove some of the risk in Middle East crude supplies, while gold hit three-week lows as better data on the U.S. economy led fewer investors to see bullion as an economic hedge. Soybean futures fell to a more than one-year low, weighed down by favorable crop conditions ...