Brent turns lower as supply glut fears prevail

2015-01-02 10:25

Brent crude futures have retreated from early highs above $58 and fallen towards $57 a barrel, as an abundance of oil erased earlier support.

Kuwait urges non-Opec cooperation

2014-12-01 08:40

Kuwait has urged non-Opec crude producers to cooperate to help stabilise the oil market and prevent sharp fluctuations in prices, according to a news agency.

Brent at four-year low on global economy fears

2014-10-10 09:16

Crude prices have tumbled, with Brent hitting a four-year low on concerns about the global economy while the IMF warned the eurozone may slip back into recession.

Brent heads for six-week low

2014-09-12 09:55

Brent crude has held above $98 a barrel, heading for its worst week in six as concerns over weak demand outweighed geopolitical worries.

Brent up on US nod for Iraq air strikes

2014-08-08 10:22

Oil prices on both sides of the Atlantic have risen over $1, with Brent close to $107 a barrel after the US approved air strikes against Islamic militants in Iraq.

Brent dips as ample supplies weigh

2014-07-29 11:03

Oil prices have slipped for a second session as ample supply offset geopolitical tensions in the Middle East, Africa and Europe.

Brent steady on economic growth, Libya

2014-05-23 10:28

Brent crude has held steady above $110 a barrel, set for a second straight week of gains, supported by conflicts in Libya and Ukraine.

Brent slips on China, Libya oil supply

2014-05-01 11:47

Brent crude has eased down towards $108 a barrel as lacklustre China data, a potential rise in Libya's oil supply and record-high US inventories weighed on prices.

Brent climbs as Ukraine crisis worsens

2014-04-14 11:08

Brent crude futures have risen above $108 a barrel, supported by rising tensions over Ukraine that have raised the risk of a military confrontation with Russia.

Brent influenced by European tensions

2014-03-31 12:03

Brent crude traded near a two-week high as simmering tensions between Russia and the West offset a rise in oil supply from Opec's second-largest producer Iraq.

Brent eases towards $107

2014-01-27 10:52

Brent futures have eased towards $107 a barrel, as concerns over a slowdown in China stoked demand-growth worries.

Brent falls below $107 a barrel

2014-01-16 10:30

Brent crude has fallen below $107 a barrel as expectations of more oil from the Middle East outweighed a large drop in US stockpiles.

Brent rises on supply worries

2014-01-10 09:28

Brent crude has lifted towards $107 a barrel amid worries about supply from North Africa, although speculation on further US tapering capped gains.

Brent rises towards $108

2014-01-03 10:04

Brent crude has lifted towards $108 a barrel after posting its biggest daily percentage drop in six months, but expectations for a rise in Libyan supply have capped gains.

Brent holds near $111, Libya worries support

2013-11-29 12:37

Brent futures have held near $111 a barrel as prolonged unrest in Libya kept supply worries to the fore, but steady progress in settling the dispute over Iran's nuclear programme dragged on prices.

Brent slips towards $108, Iran talks in focus

2013-11-18 10:47

Brent crude slipped towards $108 a barrel as traders focused on a resumption of talks between Iran and major powers that may lead to a rise in oil supply.

Brent hovers near $109 on China data

2013-11-01 13:01

Brent crude oil held around $109 a barrel after stronger-than-expected manufacturing data from China boosted the outlook for demand.

Brent drops below $111 before Iran talks

2013-10-15 11:44

Brent oil has edged below $111 per barrel ahead of talks over Iran's nuclear programme that might eventually lead to a pick-up in its oil shipments.

Brent holds above $111, eyes on Syria

2013-09-12 10:17

Brent crude has stayed above $111 a barrel as investors waited to see if efforts to eliminate Syria's chemical weapons would avert the threat of US military action.

Brent at 6-month high on Iran, cold snap

2012-02-07 11:25

The price of Brent crude oil topped $116 on fresh threats from Iran to ban exports and as a cold wave spread through Europe.

Brent seesaws after boost by US data

2011-10-07 17:55

The price of Brent crude remained volatile after an initial fillip from upbeat US employment data.


Brent crude steady below $60 a barrel

2014-12-19 11:25

Brent crude has held below $60 a barrel, near a five-and-a-half year low as a global oversupply of oil showed little sign of receding.

Brent drops after Goldman cuts price forecasts

2014-10-27 10:33

Brent crude futures have fallen below $86 a barrel after Goldman Sachs cut its price forecasts for the contract and for US oil in the first quarter of next year.

Brent climbs after China PMI tops forecast

2014-09-23 10:43

Brent crude has risen above $97 a barrel after a survey showed China's factory activity unexpectedly picked up in September, helping brighten demand outlook.

Brent crude hits one-year low on weak demand

2014-08-13 14:15

Brent North Sea crude oil has dropped to a one-year low point as weak demand expectations help offset potential supply disruptions caused by the Ukraine crisis.

Brent steady on geopolitical tension

2014-08-05 10:30

Brent has held steady despite ample crude supplies, having been supported by tension in the Middle East and North Africa.

Oil prices trade mixed

2014-06-25 13:23

Oil prices have diverged with Brent falling on profit-taking but New York crude rising on bright data.

Brent holds below $108 ahead of US data

2014-05-02 10:48

Brent crude has held steady below $108 a barrel, on track for its steepest one-week decline in four months as rising US and Libya supplies drag down prices.

Nigeria oil contracts favour local firms

2014-04-23 10:59

Nigeria has awarded most of its long-term oil contracts worth an estimated $40bn a year to local companies, according to a confidential list.

Brent set for worst week in three months

2014-04-04 10:03

Brent crude has steadied, but stayed on track for its biggest weekly fall in three months as Libya's major oil ports could open in days and boost supplies.

Brent lifts on uptick in demand prospects

2014-01-22 10:54

Brent futures have risen as outlook reports indicate global oil demand will increase more quickly this year, as growth in industrialised countries accelerates.

Brent's brighter supply outlook drags

2014-01-14 10:12

Brent crude has held above $106 a barrel as Libyan supply picked up and as the restart of Iranian oil shipments appeared to get closer.

Brent in rebound, Libya supply curbs gains

2014-01-06 10:31

Brent crude has bounced back from its biggest weekly fall in six months, but the restart of a key Libyan oilfield could limit gains.

Brent set for flat end to 2013

2013-12-31 11:26

Brent futures have held above $111 a barrel on worries of a prolonged outage from Opec member Libya, positioning the benchmark to end 2013 virtually unchanged.

Brent slips below $108 on Fed taper fears

2013-11-21 12:20

Brent futures has fallen below $108 a barrel on expectations the US Federal Reserve would scale back its massive economic stimulus.

Brent rises toward $106

2013-11-11 11:01

Brent futures have edged up towards $106 a barrel in Asia after Iran and six world powers failed to reach a deal on Tehran's nuclear programme.

Brent hits low on abundant US stocks

2013-10-25 14:46

Brent crude oil prices have fallen to a near three-month low point as traders fretted over weak demand in top consumer the United States.

Oil slips below $112

2013-09-13 13:59

Brent crude oil has fallen below $112 a barrel as the US and Russian foreign ministers met in Geneva to work out a deal to avert a Western military strike on Syria.

Brent slips on China growth reduction

2012-03-05 11:40

The price of Brent crude fell below $124 a barrel after China said its growth rate target would be lower than 8%, although Iranian supply concerns curbed the slide.

Brent rises after Iraq bombings

2011-12-22 14:35

Brent crude oil rose to around $108 as violence in Iraq raised fears of further disruption to Middle East oil supplies.

Brent looking bearish

2011-07-07 00:00

Focusing on commodities, we show an interesting chart of Brent crude oil that’s formed a bearish medium-term pattern. That’s positive for motorists and implies a further easing of fuel prices.

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