Energy

Oil pressured by Bernanke comments, crude stocks up

Oil prices were pressured on Wednesday after U.S. Federal Reserve Chairman Ben Bernanke said the Fed might reduce the amount of money it pumps into the economy later this year, while higher crude stocks in the United States also hurt prices. FULL STORY »

Oil gains on lower U.S. stockpile, all eyes on Fed

Oil prices rose slightly on Wednesday following a drop in U.S. oil reserves, while investors looked to a meeting of the Federal Reserve later in the day for clues on the outlook for economic stimulus. FULL STORY »

Oil gains moderately, trading sluggish ahead of Fed

Oil prices ended slightly higher on Tuesday in sluggish trading as the market awaited the Federal Reserve's policy statement on Wednesday that is expected to show whether it will reduce its monetary stimulus. FULL STORY »

Brent slips from 11-week high ahead of Fed meeting

Brent crude futures eased towards $105 a barrel, falling from an 11-week high, as investors cautiously awaited guidance from the U.S. Federal Reserve on its economic stimulus plan. FULL STORY »

Brent crude oil dips before U.S. Fed meeting

Brent crude oil futures touched a 10-week high close to $107 a barrel on Monday as tensions in the Middle East rose, but prices finished slightly lower on the day after a late sell-off in U.S. gasoline futures. FULL STORY »

Oil above $106 as Syrian conflict intensifies

Brent crude oil rose above $106 per barrel on Monday as a superpower standoff over the Syrian civil war intensified, raising the risk of conflict spilling into the Middle East oil producing region. FULL STORY »

Oil up on positive U.S. data; gasoline leads

Brent crude oil rose on Thursday, tracing gains in U.S. equities in late-session trading after U.S. data showed stronger-than-expected retail sales and a fall in jobless claims. FULL STORY »

Oil erases loss, above $103, as U.S. data helps

Oil reversed an earlier loss to trade above $103 a barrel on Thursday as a higher-than expected rise in U.S. retail sales and a fall in jobless claims boosted the economic outlook, although subdued global demand limited the rebound. FULL STORY »

Oil ends modestly higher, weak demand outlook weighs

Crude oil prices ended modestly higher on Wednesday, but gains were capped by lower oil demand growth estimates and ample supplies. FULL STORY »

Oil steady at $103; equities rally balances high stocks

Brent crude oil steadied around $103 on Wednesday, buoyed by a rally in global stock markets despite an unexpected jump in oil inventories in the United States and a cut in estimates for oil demand growth by the world's big oil market forecasters. FULL STORY »

Oil pares losses despite fears of central bank tightening

Brent crude oil prices retraced earlier steep losses on Tuesday as investors worried that central banks, following Japan's example, could begin to rein in their loose monetary policies. FULL STORY »

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