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US crude stocks fell by 3.1 million barrels last week, compared with analyst expectations for a draw of 1.1 million barrels, the EIA said

Oil jumps 3% towards $64 as US drone downed in Gulf

Business / 20 Jun 19

US crude inventories have hit the highest since July 2017, suggesting ample supplies in the world's top consumer

Oil prices set for 2019's biggest weekly loss

Business / 24 May 19

OPEC cut its forecast for 2019 world oil demand today, citing slowing economies

Oil up nearly 3% on Saudi and OPEC cuts

Business / 12 Feb 19

OPEC said its production fell sharply last month, easing fears about prolonged oversupply

Oil prices climb 1% on OPEC output cut

Business / 18 Jan 19

Weak Chinese figures have raised the prospect of a slowdown in fuel demand

Oil falls back to $60 on concerns about China slowdown

Business / 14 Jan 19

Brent and WTI are set for their second week of gains, rising nearly 8% and 10% respectively

Oil on track for weekly gains on trade talk hopes

Business / 11 Jan 19

Oil prices rise as OPEC cuts back on output and on easing concerns over weak demand growth

Brent crude oil rises back to $60 a barrel

Business / 09 Jan 19

Traders are hoping that talks in China can resolve the US-China trade war

Oil prices gain 2% extending rally from December lows

Business / 07 Jan 19

Oil prices fell to their lowest in almost 18 months this week and are down more than 20% for the year

Oil steady near 18 month lows after profit-taking

Business / 28 Dec 18

Oil prices are heading for losses of more than 20% in 2018

Oil prices fall over 1% as US stock markets retreat

Business / 27 Dec 18

The price plunge has caused US shale oil producers to curtail drilling plans for next year

Oil rises on signs recent low prices reducing US output

Business / 24 Dec 18

WTI and Brent futures are down more than 30% from their peak in October

Oil hits multi-month lows as downbeat mood persists

Business / 21 Dec 18

Oil prices are down more than 30% from peaks seen in October

Oil slumps 4% to lowest level in a year

Business / 20 Dec 18

Brent and New York crude contracts collapsed as low as $57.20 and $47.84 per barrel respectively during the morning session

Oil slumps to fresh one-year lows in markets rout

Business / 18 Dec 18

Both US crude and Brent crude benchmarks fell more than 30% from early October through the end of November as a supply glut inflated global inventories

Oil drops as oversupply, economic growth worries weigh

Business / 17 Dec 18

OPEC will curb output by 0.8 million barrels per day from January

OPEC, Russia to cut oil output despite Trump pressure

Business / 07 Dec 18

Investors are weighing up the effectiveness of a potential cut in supply from OPEC and possibly other exporters in the face of rapidly rising global output

Oil slips as pessimism over supply resurfaces

Business / 19 Nov 18

OPEC and its partners believe demand was softening enough to warrant an output cut of 1 million barrels a day

Oil up as Saudi warns weaker demand may warrant cut

Business / 12 Nov 18

Oil markets are preparing for tighter supply once US sanctions against Iran kick in next month

Oil near four year high ahead of US sanctions on Iran

Business / 02 Oct 18

Hundreds of workers on Norwegian offshore oil and gas rigs went on strike today

Oil rises above $79 a barrel on Norway strike

Business / 10 Jul 18

The Organisation of the Petroleum Exporting Countries is gathering in Vienna today

OPEC agrees modest hike in oil supply

Business / 22 Jun 18

The Organisation of the Petroleum Exporting Countries meets on Friday to decide on oil output policy

OPEC sees strong oil market, may need more output

Business / 19 Jun 18

Surging US crude production shows no sign of abating as drillers continue to expand their search for new oil fields to exploit

Oil extends losses as OPEC and Russia look to up output

Business / 28 May 18

Global crude supplies have tightened sharply over the past year because of the OPEC-led cuts

Oil slumps as Saudi Arabia and Russia mull output boost

Business / 25 May 18

The prices of Brent oil hit a high above $80 last week

Oil falls but US-China trade truce caps losses

Business / 21 May 18

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