US traders returning to their desks from the Labor Day weekend sold oil after earlier falls on Monday, helping to push the price down about 8%.
Oil smashed past $135 a barrel for the first time on Thursday, continuing its astonishing rise following unexpected drops in United States crude and petrol stocks in a tight…
The price of oil rocketed to a record high point of $127,43 per barrel on Friday, as United States President George Bush prepared to urge Saudi Arabia to pump more crude. New…
World oil prices hit a fresh record high point close to $125 per barrel on Friday, extending this week’s record run after the Organisation of the Petroleum Exporting Countries…
International concern mounted as world oil prices edged closer to $120 a barrel Wednesday and the world’s top producer called for calm. Analysts said a weakening United States…
The price of New York oil on Wednesday struck an historic peak at $114,95 on news that United States energy inventories tumbled last week and as the US currency hit an all-time…
Oil prices eased from recent highs in Asian trade on Monday after international finance ministers warned that near-term global economic prospects had weakened. In afternoon…
Oil prices were steady on Thursday after retreating from levels just cents below the record trading high established in the previous session on an unexpected drop in United…
Oil prices rose on Monday in Asia as prospects for further cuts in United States interest rates seemed more likely after poor US jobs data at the end of last week. The US Labour…
Oil prices slipped more than a barrel on Monday as traders worried that the flagging United States economy would cause oil demand to soften. Oil’s sharp decline started last…
Oil prices were close to $109 in Asian trade on Wednesday, underpinned by the United States dollar’s dive to a new low against the euro and supply concerns, dealers said. In late…
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…
A lone trader out to win a little fame made the purchase that took oil prices to the historic level of dollars a barrel this week but he lost on the deal, analysts said. The…
Oil prices rose to near a barrel on Monday on signs of colder weather in the United States and Europe and the continued weakness of the dollar. The Thanksgiving holiday on…
Oil prices jumped to a new trading record above $98 a barrel on Wednesday amid expectations of declining United States supplies. The weak dollar and the Organisation of the…
