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Oil price vaults past $126

The price of New York crude oil soared above $126 per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said. New York’s…

Oil price surges past $125

The price of New York crude oil surged past $125 per barrel on Friday, lifted by speculative demand amid concerns about tight global energy supplies, analysts said. New York’s…

Oil prices soar on Iraq pipeline attack

Oil prices leapt higher on Thursday as concerns about tight supplies were stoked by news that saboteurs had blown up an Iraqi export pipeline, traders said. New York’s main oil…

Oil prices break fresh record high near $110

Oil prices struck a record high of $109,72 per barrel on Tuesday after the dollar hit a fresh all-time low against the euro and amid persistent energy-supply concerns, traders…

Oil price strikes record high above $103

The price of New York crude oil hit an all-time high point of $103,05 per barrel on Friday owing to record weakness of the dollar, but then fell back, traders said. And the price…

Oil prices ease further from $100 level

World oil prices eased further from the historic $100-a-barrel level on Monday after weak US employment data fanned worries about recession and demand in the world’s biggest…

Oil prices slump ahead of Opec meeting

Oil prices fell back below a barrel on Friday amid speculation that the Organisation of the Petroleum Exporting Countries (Opec) will decide to increase its output at a meeting…

Oil prices slump below $90 a barrel

The price of oil fell back below a barrel on Friday as the market speculated about the chances of an increase in Organisation of the Petroleum Exporting Countries output at the…

Oil price hits record high on Iran tensions

World oil prices surged to historic highs on Friday, breaching $92 for the first time in New York amid rising tension in crude-rich Iran and tightening United States energy…

Oil prices still surging in record week

The price of London Brent oil hit another all-time high on Friday on United States storm concerns at the end of a record-breaking week that saw New York crude soar beyond per…