Oil spikes to seven-year high as markets avoid Russian supply
Supply disruption fears mount following hefty sanctions on Russian banks
Supply disruption fears mount following hefty sanctions on Russian banks
The US is to release 50m barrels of oil from strategic reserves
China ramps up operating rates to meet a spike in diesel demand
Mass rollouts are likely months away and subject to regulatory approvals
Hopes for a swift economic recovery in China limited losses
A further swelling of stockpiles also cast doubt on the demand outlook in US and China
Brent bounces back from two-decade low after US president takes aim at Iranian vessels
Demand for crude slumps as coronavirus pandemic continues
Worries about oversupply, IMF warning on a deep recession kept gains in check
Meaningful rebound will have to come from fall in coronavirus fears, analyst says
US urges group against curbing supplies
Officials tols importers to stop buying Iranian crude from November
Opec output dropped to one-year low in March
Companies ask for uncertainties to be removed as some nations granted exemptions
But crude remains below recent highs as signs of oversupply linger
OPEC and 10 other producers have cut oil output by about 1.8m barrels per day since January
Oil inventories drop by 9.2m barrels while output from Libya rebounds
Further price rises have been stopped by high supplies from OPEC producers
Swathes of Arctic, Atlantic, Pacific oceans protected by Obama may now be drilled
Concern mounts that rising US output will counter reduction by Opec
US president announces reversal of Obama decision on the controversial project
Futures slide despite Opec production cut as US oil output looks set to surge
President’s ‘permanent’ ban to act as deterrent to Trump but may be challenged in courts
After timid early trading volumes soar as US election results start coming in
Fuel inventories in the US, Europe and Asia are brimming despite being peak summer driving season
Sterling edges higher but trading nervous ahead of interest rate decision
Sterling edges back to $1.4681 after climbing to as high as $1.4788 on Tuesday
Despite weak exports Chinese central bank still expects the economy to grow by 6.8 % this year
Traders say Saudi Arabia’s promise not to flood the market has provided support to oil
Strike had cut production in OPEC member by almost two thirds
US stockpiles are expected to rise again to record levels according to analysts
US oil bounces back after tumbling below $30 a barrel for first time in 12 years
Saudi Arabia, Iran tensions provide Brent crude support after volatile trading
Opec predicts that demand for crude in 2020 to be lower than for next year
Asian shares extend global rally on Wednesday with markets stabilising
Markets hit by worries over global demand as Chinese stocks rise
Prices also supported by increase in EIA’s 2015 oil demand growth forecast
Brent oil prices dropped to under $57 per barrel - its lowest level since May 2009
Glut in oil sees price of barrel drop to $82 with $80 now on horizon
The cost of brent crude has now fallen by more than 25 per cent from the mid-June peak
Global oil benchmark has declined more than 20 per cent from high in June
Prices fell $1.16 to $90.95, after earlier hitting $90.76, its lowest point since June 2012
Brent crude oil prices was up 41 cents at $114.67 a barrel
But investors look ahead to weekly oil inventories data from the US to assess supply
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Oil extends losses for fourth session as US wrangle expected to hit demand
Investors fear the crises in Syria and Egypt could disrupt oil supply
Sluggish Chinese economic data for June keeps lid on price gains
Unexpected jump in oil inventories and fears of central bank tightening weigh on prices
Drop in dollar helps to restore oil price after biggest slide in amost a month yesterday
Losses capped ahead of minutes from Federal Reserve meeting later today
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