Author

 
Fayen Wong

Fayen Wong

    Oil falls toward $63 as economic gloom counters Opec
    Oil falls toward $63 as economic gloom counters Opec
    Oil fell to near a new 17-month low on Monday, extending the previous session's $4 loss amid growing doubts over whether world governments can tame...
    Oil gains over $1 as Gustav shuts US output
    Oil gains over $1 as Gustav shuts US output
    World oil prices rose by more than one dollar in Asian trade on Monday after Hurricane Gustav forced the shutdown of almost all oil production in...
    Oil rises above $116 on military conflict in Georgia
    Oil rises above $116 on military conflict in Georgia
    Crude oil rose over a dollar and topped $116 a barrel on Monday, rebounding from the previous session's $5 decline on concern fighting between...
    Oil rises above $141 on weak dollar, Israel-Iran tensions
    Oil rises above $141 on weak dollar, Israel-Iran tensions
    Oil rose over $1, back above $141 a barrel, on Monday bolstered by a weak US dollar and continuing tensions between Israel and Iran over Tehran's...
    Oil climbs 1%, Saudi pledge fails to halt rally
    Oil climbs 1%, Saudi pledge fails to halt rally
    Oil rose nearly 1% on Monday, as escalating tensions between Israel and Iran stoked supply concerns and traders doubted Saudi Arabia's promise to...
    Oil eases after leap to $100
    Oil eases after leap to $100
    Oil prices dipped on Thursday, after leaping to a lifetime high of $100 the day before, fuelled by expectations of thinning United States stockpiles, the falling dollar and geopolitical risks....
    Oil bounces above $96
    Oil bounces above $96
    Oil rose above $96 on Wednesday, bolstered by expectations United States government data would show crude stocks falling for the seventh consecutive week, and as fresh violence in major oil exporter Nigeria revived supply concerns....
    Oil leaps to $96 high on US inventory drop
    Oil leaps to $96 high on US inventory drop
    Oil leaped more than 1% on Thursday, briefly topping $96 for the first time and extending the previous day's 5% jump after an unexpected sharp fall...
    Oil falls, Opec concern on world economy
    Oil falls, Opec concern on world economy
    Oil prices fell on Monday, on expectations of higher United States refinery production and after remarks by Opec that it is ready to pump more oil...
    Double cyclone threat shuts Aussie oil fields
    Double cyclone threat shuts Aussie oil fields
    Cyclones off the coast of Western Australia forced the shutdown on Thursday of almost half the country's oil production as well as a major iron-ore...