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.

European stock markets, oil rally

2014-12-18 14:40

Europe's main stock markets have surged following rallies in Tokyo and on Wall Street as dealers welcomed the outcome of the US Federal Reserve policy meeting.

Impossible to reduce output - Saudis

2014-12-18 12:46

Saudi Arabia, the largest producer in the Opec oil cartel, cannot reduce its output despite plunging prices, a report says.

Oil up on stabilising rouble, US supply drop

2014-12-18 07:45

World oil prices have rallied somewhat after the rouble stabilised and the US reported lower crude inventories.

Gold steadies below $1 200, Fed in focus

2014-12-17 10:41

Gold has held at just below $1 200 an ounce ahead of the outcome of the US Federal Reserve's last policy meeting of the year.

Oil prices sink further in Asian trade

2014-12-17 07:46

Oil has suffered fresh losses in Asia, sinking to new multi-year lows as dealers watch Russia's rouble crisis and await the latest US crude supply report.

Sterling hits 3-week low to euro

2014-12-16 11:55

Sterling has hit a three-week low against the euro, while gilt yields have dipped, after data showed British inflation had fallen to a 12-year low in November.

Gold slips as US rate hike woes surface

2014-12-15 10:16

Gold has retreated after posting its biggest weekly gain in two months, amid expectations the US Federal Reserve is closer to raising interest rates.

Gold set for biggest weekly rise

2014-12-12 13:15

Gold prices have steadied, on track for their biggest weekly rise since June, as the dollar retreated and sliding oil prices hurt risk appetite.

IEA cuts 2015 oil demand outlook

2014-12-12 11:47

Global appetite for oil will grow at a slower pace in 2015 than earlier thought despite plunging crude prices, warns the International Energy Agency.

Oil crashes 5%, nears $60 on weak demand

2014-12-11 02:17

Oil prices have tumbled as much as 5%, pushing US crude to five-year lows near $60 a barrel after data showed a spike in US inventories.

Oil rallies on lower US output forecast

2014-12-10 07:32

Global oil prices have rallied modestly from five-year lows after a US agency trimmed its forecast for 2015 US output due to drilling-budget cutbacks.

Oil prices tumble 4% to fresh five-year lows

2014-12-09 07:41

Global oil prices have tumbled more than 4% to fresh five-year lows on mounting oversupply worries as global economic growth slows.

Oil down on lacklustre Chinese trade data

2014-12-08 07:24

Crude has hit fresh five-year lows following another weak batch of trade data out of China, while prices were also pressured by the strengthening dollar.

Over $150bn in oil projects face the axe

2014-12-05 09:00

Global oil and gas exploration projects worth more than $150bn are likely to be put on hold next year as plunging oil prices render them uneconomic.

Oil to rebound next year after post-Opec sell-off

2014-12-04 16:15

Oil prices are expected to rebound in 2015 and 2016 as the market stabilises in the wake of a near-40% collapse this year.

Oil prices recover slightly; rouble hits lows

2014-12-03 15:09

Oil prices have rebounded slightly after another slump, while the Russian ruble hit all-time lows against the dollar and euro.

Oil takes breather in Asian trade

2014-12-02 07:34

Crude prices have fallen in Asia but losses were curbed as dealers took a breather after days of sharp sell-offs following Opec's decision to hold output levels.

Amplats expects earnings to drop

2014-12-01 09:27

Anglo American Platinum expects full-year earnings to fall by at least 20% due to a record five-month strike that hit its South African operation.

Oil hits multi-year lows as Opec verdict weighs

2014-12-01 07:28

Oil has tumbled to new multi-year lows in Asia, extending a sharp sell-off last week that came in response to Opec's decision to maintain crude output.

Dollar, oil drag gold lower

2014-11-28 18:37

Gold has fallen more than 1% to head for its first weekly drop in four on the back of sharply lower oil prices and dollar strength.

Gold drops to one-week low as oil slumps

2014-11-28 09:53

Gold has extended losses into a third session on expectations that plunging oil prices could sap inflationary pressure and curb its hedge appeal.

Oil struggles in Asia after Opec decision

2014-11-28 07:49

Oil prices have struggled in Asian trade after Opec decided against cutting production despite a global glut that has sent prices collapsing to multi-year lows.

Oil extends losses ahead of key Opec meeting

2014-11-27 07:44

Oil prices have retreated in Asia on expectations that Opec will retain output levels despite pressure over falling prices at a key meeting later in the day.

Saudi sees oil market stabilising itself'

2014-11-26 11:40

Opec leader Saudi Arabia has signalled it was unlikely to push for a major change in oil output at the producer group's meeting.


Oil dives in volatile trade

2014-12-19 07:33

Oil prices have skidded sharply in volatile trade, pushing the US benchmark futures contract to a new five-year low amid concerns about ample global supplies.

Gold rises 2% as Fed takes patient stance

2014-12-18 13:55

Gold has climbed more than 2% after the Federal Reserve announced it would take a patient approach towards raising interest rates.

Brent oil rises above $62

2014-12-18 12:36

Brent crude has jumped 2% to above $62 a barrel, as some traders bet a six-month price rout could be ending as more energy firms cut investment budgets.

Oil stays below $60 as Opec, Russia keep pumping

2014-12-17 13:57

Brent crude has held below $60 a barrel as major oil producers signalled they would maintain output despite a supply glut and faltering demand.

Plunging oil 'to spark more global tensions'

2014-12-17 10:31

The oil market faces an uncertain outlook as tumbling prices from global oversupply stoke geopolitical tensions in key producers of crude, say analysts.

Oil prices now unsustainably low - expert

2014-12-16 15:33

Oil prices have now fallen to an unsustainably low level, says Reuters market analyst John Kemp.

Brent oil tumbles under $60

2014-12-16 11:40

Brent oil has slumped to a new five-year low below $60 per barrel, as shrinking Chinese manufacturing activity stoked global demand concerns.

Brent rises above $62.50 after volatile trade

2014-12-15 09:28

Oil markets have seen volatile trading as Brent prices first fell to a five-and-a-half year low and then rose on hopes of improving manufacturing data.

Oil hits lowest in more than 5 years

2014-12-12 11:57

Brent crude oil has slipped to its lowest since July 2009, dragged down by persistent concerns over a global supply glut and a sluggish demand outlook.

US oil dips below $60

2014-12-12 07:51

US oil prices tumbled below $60 a barrel for the first time since July 2009, taking the shocking loss since June to about 44%.

BG sells Australian gas pipeline unit

2014-12-10 10:22

British energy producer BG Group has sold its Australian gas pipeline business for $5bn as part of its plan to shed non-core assets.

Australian energy firms hit by falling oil prices

2014-12-09 09:33

Shares in Australian energy companies have been hammered by plunging oil and commodity prices, with BHP hitting a five-year low.

Dollar, oil spread at 5-year high

2014-12-08 10:12

The gap between crude oil prices and the dollar has grown to its widest since the global crisis five years ago.

Oil price drop threatens investments

2014-12-05 14:56

The continued fall of oil prices may lead to the postponement of $150bn worth of projects in the sector worldwide, says a source.

Oil tumbles lower on Saudi price cut reports

2014-12-05 07:23

Oil prices have fallen in London and New York helped by reports that Saudi Arabia has trimmed its export prices and is doing nothing to tighten supplies.

Oil prices up on lower US supplies

2014-12-04 07:38

Oil prices have risen in Asia after a dip in US crude stockpiles raised optimism about energy demand in the world's top crude consumer during the winter season.

Oil prices tumble after Iraq deal

2014-12-03 07:32

Oil prices have dived after Iraq and autonomous Kurds struck a deal that will boost the country's crude oil exports to an already oversupplied global market.

Oil prices strike new lows

2014-12-01 19:00

Crude oil prices have sunk to five-year low points, dragging down the share prices of energy companies.

Gold tumbles, oil hits 5-year low

2014-12-01 09:16

Gold prices have tumbled after Swiss voters rejected proposals to boost gold reserves, joining a rout in commodities that sent copper and oil prices lower.

Oil reels as Opec holds firm on output

2014-11-30 13:05

Global oil prices have plunged to new multi-year lows after the Opec oil-producing cartel decided to maintain crude output in an oversupplied market.

Oil dips to 4-year low on Opec decision

2014-11-28 15:30

Global oil prices have plunged to yet another four-year low after the Opec oil producing cartel decided to maintain crude output in an oversupplied market.

Oil prices plunge as Opec holds output cut

2014-11-28 08:42

Brent crude oil has plunged as much as $6.50 a barrel, and US crude dropped by nearly as much, posting their steepest one-day falls since 2011.

Oil could hit $60 as supply cut hopes fade

2014-11-27 11:17

Brent crude has fallen to a 4-year low under $76.30 a barrel, with some analysts now seeing oil prices at $60/barrel if Opec does not agree to a significant output cut.

Oil market oversupply likely to go up

2014-11-26 15:33

A global glut of oil will rise further next year, Iran's oil minister says on the eve of Opec's meeting to decide on whether to cut its output.

Oil tanks on expectation of no Opec cut

2014-11-26 07:31

Oil prices have tumbled on expectations that the Opec cartel will not agree to cut output despite ample global supplies.

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