OPEC

Brent crude oil settled at $112.87 at 5:00 GMT on Wednesday morning after rallying to a new three month high on Tuesday following the release of strong economic data. The commodity was also buoyed by continuing problems in Libya, raising concerns about supply US factory activity data came in...

Crude oil prices were lifted on Tuesday morning after strong data from the world's two largest consumers, the US and China, showed that both energy consuming giants were steadily regaining their footing. Brent crude oil traded at $111.41 at 5:25 GMT on Tuesday. On Monday, manufacturing PMI data...

Brent crude oil slipped below $111 on Friday morning to trade at $110.66 at 5:15 GMT. The commodity was under pressure from US inventory data which showed an unexpected rise, however losses were mitigated by rising tension in OPEC producer, Libya. According to CNBC, the Energy Information...

Brent crude oil traded steadily at $110.81 on Tuesday morning is investors evaluated whether or not the weekend's deal between world powers and Iranian officials would translate into increased global supply. Western leaders struck a deal with Iran over the weekend in the first step forward in a...

Brent crude oil slipped to $108.14 at 4:35 GMT on Monday morning as talks between World powers and Iranian officials set to begin on Wednesday came into focus. Brent has been buoyed recently as supply disruptions in Libya have cut the OPEC member's export capacity to less than half of its normal...

Brent crude oil reached above $106 on Wednesday morning and traded at $106.07 at 7:50 GMT. The commodity recovered slightly after speculation that the Federal Reserve could begin tapering its $85 billion per month stimulus plan in December weighed on oil prices. CNBC reported that Atlanta's Fed...

After hitting record levels during Wednesday's trading session, US equities took a bit of a breather today as all major indexes finished the trading session in the red. The Dow Jones declined 0.95 percent to 15,597. The S&P 500 declined 1.31 percent to 1,747. The Nasdaq declined 1.90 percent...

The gap between Brent futures and WTI futures narrowed after Brent prices slipped on news that one of Scotland's largest refineries would remain open despite rumors that it would close. Brent traded at $107.15 at 4:50 GMT on Monday morning as confidence returned to WTI. US crude has recently been...

Brent crude oil traded steadily on Monday, holding on to Friday's gains as a US government deal that would temporarily raise the country's borrowing authority and avoid default on October 17 was looking more and more likely. Brent traded at $111.19 at 4:32 GMT as US lawmakers entered into the...

Brent crude oil started the week off just below $116 as fears about military intervention in Syria continued to boost its price. The commodity traded at $115.90 at 6:45 GMT on Monday morning as tension heightened ahead of the Senate's vote, scheduled for Wednesday. Reuters reported that some...

Brent crude oil dipped below $110 on Wednesday as the release of the US Federal Reserve minutes drew nearer. The commodity traded at $109.65 at 7:27 GMT, reflecting investors' jitters about the Fed's decision to trim stimulus spending. The Fed's $85 billion per month stimulus spending has helped...

Brent crude oil traded just below $110 on Friday morning after better than expected economic data eased future demand worries. The commodity traded at $109.48 at 9:06 GMT on Friday morning. This week several of the world's largest central banks held their policy meetings, all of which concluded...

Brent crude oil rose to a near three month high on Thursday after the dollar slid on Federal Reserve Chairman Ben Bernanke's comments. The commodity traded at $108.43 at 5:07 GMT on Thursday morning. Since the Fed announced in June that it was planning to taper its asset buying plan as the US...

After the close of U.S. markets Tuesday, Bloomberg reported Venezuelan President Hugo Chavez will not be sworn in on Thursday January 10. The likely reason is his ailing health. Chavez has been in Cuba for several weeks recovering from a fourth procedure to treat cancer. Last week, it was...