LONDON: World oil prices rose slightly on Thursday, buoyed by a lower-than-expected gain in US crude stockpiles and hopes of an interest rate cut by the European Central Bank (ECB), analysts said.Brent North Sea crude for delivery in June added two cents to $101.75 a barrel in London early ...

LONDON (AFP) - Brent oil prices plunged Monday to a new eight-month low near $100 per barrel, mirroring losses across financial markets, after disappointing first-quarter growth data in top global energy consumer China.In earlier morning deals, Brent North Sea crude for delivery in May slid to ...

LONDON  - Oil held close to $120 a barrel on Tuesday as world consumers grappled with supply disruptions ranging from Iran to Sudan to the North Sea.Oil also rose briefly after Europe's much-awaited bailout of Greece. But while the deal resolves Athens' immediate financing needs, it is ...

Oil prices hovered below $84 a barrel Friday in Asia as traders mulled how much economic growth in China may slow next year and drag down demand for crude. Benchmark oil for January delivery was up 5 cents to $83.91 a barrel at midday Singapore time in electronic trading on the New York Mercantile ...

LONDON (AFP) - Oil prices rose on Friday after the EU agreed a plan to tackle Greek debt and as the market awaited economic growth data from the United States the worlds biggest energy consuming nation, traders said. New Yorks main contract, light sweet crude for delivery in May, climbed 79 cents ...

New York oil prices breached 71 dollars on Wednesday, ahead of the latest update on US energy stockpiles, as traders monitored political tensions in major crude producer Iran. New York's main futures contract, light sweet crude for delivery in July, gained 74 cents to 71.21 dollars a barrel. Brent ...

The price of New York oil sank under 34 dollars per barrel on Friday for the first time for more than four and a half years, as weak global demand overshadowed a record OPEC output cut, traders said. New York's light sweet crude for delivery in January sank as low as 33.44 dollars a barrel, which ...

Global financial services major Merrill Lynch has cautioned that oil prices may decline to a low of USD 25 a barrel next year if the slowdown that has already hit the developed nations extends to China. Merrill Lynch in its global outlook for 2009 warned that oil prices could fall as low as USD 25 ...

KARACHI - The OPEC crude oil prices have further declined to 100 dollars per barrel on Monday, showing an overall decrease of 44.37 dollars per barrel during the past two months, The Nation learnt on Monday. On July 4, 2008, the OPEC crude oil prices reached the highest benchmark of 144.37 ...

World oil prices dropped close to 111 dollars on Tuesday, dragged down by worries that weaker US oil demand could spread to Europe and Japan, analysts said. London's Brent North Sea crude for October delivery dipped 92 cents to 111.02 dollars a barrel in electronic deals. New York's main contract, ...

A faltering dollar, Mideast tensions and concerns over supply disruptions out of Nigeria propelled oil prices above US$138 a barrel Tuesday, less than US$2 away from crude's trading record.The crude futures market was also showing disappointment over Saudi Arabia's modest production increase ...

NEW YORK (AFP) - Key milestones in the rise of the price of crude oil to 133 dollars since 1970: 1970: The official price of Saudi crude oil is fixed at 1.80 dollars per barrel. 1974: Prices pass 10 dollars per barrel after the first oil shock, sparked by the October 1973 Arab-Israeli war. ...

Oil price has rebounded to near $127 a barrel, led by the bullish heating oil market as China and Europe scramble for barrels, thinning global supply.  US crude for June delivery rose 74 cents to $124.86 a barrel by 0431 GMT, just 1.7 percent below Tuesday's all-time peak of $126.98. New front ...

World oil prices eased further on Tuesday, trading below 124 dollars a barrel as a firmer dollar encouraged profit-taking in a market that remains well-supported, analysts said.  New York's main oil futures contract, light sweet crude for June delivery, was 37 cents lower at 123.86 dollars ...