OPEC

Brent crude oil prices were up toward $107 on Tuesday morning as renewed supply worries in the Middle East, Africa and Europe supported prices. The commodity traded at $106.75 at 5:20 GMT as violence in some of OPEC’s largest suppliers reignited concerns about a supply interruption....

Brent crude oil made its way back above $114 on Wednesday as worries about the conflict in Iraq grew. The commodity traded at $114.23 a 6:10 GMT as Iraq's largest refinery remained at the center of a battle between Sunni insurgents and Iraqi forces. The two sides have been fighting for...

Brent crude oil began the week near a nine month high as the conflict in Iraq worsened and supply interruptions became more and more likely. The commodity traded at $113.17 at 6:30 GMT despite reports that the majority of Iraq’s oil supplies are out of harm’s way. Crude prices...

Brent crude oil rose dramatically as violence in Iraq continued and supply interruptions looked more likely. The commodity traded at $114.19 at 8:15 GMT, near a nine month high. The Suni-led Islamic State in Iraq and the Levant or ISIS, a splinter group from al-Qaeda, expanded their...

Brent crude oil rose to a near two month high on Monday on hopes that the global appetite for oil is growing. The optimism is being fueled by promising economic data from both the US and China. The commodity held on to some of that strength on Tuesday morning and traded at $109.99 at 8:20 GMT...

Brent crude oil was steady near $109 as investors anxiously awaited the European Central Bank policy meeting, scheduled for Thursday. The commodity traded at $108.95 at 6:15 GMT on Wednesday morning ahead of US stockpile data due out later in the day. The ECB meeting is a highlight on this...

Brent continued to find support from economic data on Tuesday as reports suggested that both the US and China’s economies were picking up steam. The commodity traded at $108.97 at 7:00 GMT as increased supply from several OPEC members helped offset gains. Reutersreported that China...

Brent crude oil made its way toward $110 on Monday morning, trading at $109.85 at 6:30 GMT. The commodity was buoyed by expectations of improving global demand following the release of encouraging Chinese data. Factory activity in China expanded at its fastest pace in five months in May,...

Brent crude oil traded at $108.15 at 6:08 GMT on Thursday morning as investors looked to the crisis in Ukraine where Western officials made last ditch efforts to prevent Russia from annexing the nation's Crimean peninsula in a vote set to take place over the weekend. The commodity was also...

Brent crude oil started off the month on a low note after posting its largest monthly loss in four months on Friday. The commodity traded at $106.35 at 6:00 GMT on Monday morning as worries about the sell offs in emerging markets and the US Federal Reserve's decision to continue tapering weighed...

Brent crude oil steadied at $106.50 at 5:31 GMT on Tuesday morning after slipping below $106 on Monday. The commodity has been under pressure as data from China indicated that the number two oil consuming nation's crude appetite waned in 2013. CNBC reported that preliminary government data showed...

Brent crude oil traded steadily below $112.00 on Monday after rising more than $1.00 on Friday. The commodity traded at $111.72 at 5:45 GMT on Monday as continuing strikes in Libya continued to pose a threat to supplies. In Libya civil servants and tribesmen maintained control of most of Libya's...

Will the price per barrel of oil be cheaper by the end of the decade? According to Ed Morse, head of commodity research at Citigroup (NYSE: C) the price of a barrel could be $15 less than current levels by 2020. The U.S. is on track to reach records for crude-oil production by 2016, which “will...

Brent lost some ground on Wednesday after news that Libyan exports may resume in the near future. The commodity traded at $109.37 at 5:25 GMT on Wednesday morning as investors waited for more news about the OPEC supplier's status. Reuters reported that protestors in Libya may allow oil exports...

Stock futures pointed to a lower open following premarket data revealing that the U.S. economy and job market are improving faster and stronger than expected. Selling began at the bell and continued for the entire day as major indices failed to hold on to any rallying gains. Investors and...