Energy

Oil edges higher easing U.S. Fed concerns, spread trading

Oil edged higher on Wednesday, shaking off earlier losses following a large build up in U.S. gasoline inventories, buoyed by gains in the stock market and heavy spread trading. FULL STORY »

Brent oil up slightly as weak US data eases Fed fears

Brent crude prices edged above $101 a barrel on Wednesday after data pointing to weaker-than-expected U.S. economic growth eased fears the Federal Reserve could soon wind down its stimulus plan. FULL STORY »

Oil ends flat in thin trade, Brent/WTI spread narrows

Crude oil prices ended near flat in a sluggish day of trading on Tuesday as stronger equity markets put a floor under prices and Brent's premium over U.S. crude slid below $6. FULL STORY »

Oil above $101 on easing liquidity fears, Canada floods

Oil rose above $101 a barrel on Tuesday, rebounding from a three-week low, as investor concern eased about a liquidity crunch in China and as Canadian pipeline closures threatened exports to the United States. FULL STORY »

Oil bounces off 3-week low as Alberta floods threaten imports

Brent and U.S. crude prices recovered from an early sell-off to three-week lows on Monday, rising as record flooding in Canada's main oil producing province threatened exports to the United States. FULL STORY »

Brent oil hits 3-week low

Brent crude traded at its lowest in three weeks after dropping below $100 on Monday as the dollar firmed and investors worried that a credit squeeze could dampen growth in China, the world's biggest energy user. FULL STORY »

Oil falls, set for biggest two-day drop since September

Oil slid for a second day in choppy trade on Friday, with Brent heading for its biggest two-day drop in a year as the U.S. dollar rallied and traders feared slower oil demand in China and diminished investor demand in the United States. FULL STORY »

Brent crude oil holds above $102, Syria fears support

Brent crude held above $102 a barrel as some investors cautiously returned to oil on Friday, a day after a steep decline sparked by the U.S. Federal Reserve's plans to wind down its stimulus programme. FULL STORY »

FERC approves operation of natural gas export pipeline to Mexico

The United States later this summer will add close to 10% to its natural gas export capacity to Mexico following the June 14 approval of a 0.37 billion cubic feet per day (Bcf/d) pipeline that crosses the border at a point in far western Texas. FULL STORY »

Oil hit by biggest decline since November on Fed plan

Brent crude oil futures dropped $4 on Thursday in the biggest one-day decline since November as part of a cross-market rout sparked by the U.S. Federal Reserve's Chairman plan to wind down monetary stimulus. FULL STORY »

Oil sinks $3 on China slowdown concern, Fed plan

Oil fell $3 a barrel on Thursday to a one-week low near $103, pressured by a survey pointing to a slowing Chinese economy and by the U.S. Federal Reserve's plan to roll back its stimulus programme. FULL STORY »

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