Brent crude set for biggest weekly gain this year

2017-07-28 11:54

Oil has been headed for its biggest weekly increase this year in London as sliding US inventories signalled the supply glut in the world’s biggest consumer may be easing.

Markets face a test of geopolitical-risk premiums

2017-06-05 09:52

Investors looking for a return of market volatility might see those chances increase this week, with geopolitical risks looming large.

Brent oil declines as Saudi-Russia deal falls short of a freeze

2016-09-06 13:45

Brent oil has dropped after a pledge by Russia and Saudi Arabia to cooperate to stabilize the market failed to include any specific measures to bolster prices.

Brent swings near $40 as falling US rings counter Iran output

2016-03-14 08:21

Brent crude has swung between gains and losses near $40 a barrel as a dwindling rig count in the US countered Iran’s plans to expand production.

Brent extends drop from 12-year low

2016-01-21 12:22

Brent oil has extended its decline from the lowest close in more than 12 years as rising U.S. crude stockpiles added to a swelling global glut.

US oil prices rise, edge above Brent

2015-12-23 07:21

US oil prices have edged up as the American oil benchmark finished above its European counterpart only days after the US lifted an oil-export ban.

Brent back under $60

2015-03-09 10:01

Brent crude has fallen towards $59 a barrel as a promising US jobs report pushed the dollar up, offsetting the threat of output cuts in Libya and Iraq.

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 holds below $50

2017-07-05 08:49

Brent crude has traded below $50 a barrel after ending the longest run of gains since 2012 as Russia was said to oppose any proposal to deepen OPEC-led production cuts.

Brent crude falls below $50 in London

2017-05-04 14:36

Oil has dropped below $50 a barrel in London for the first time since late March on growing signs that OPEC’s production cuts are failing to clear a surplus of crude.

Brent oil extends drop, Iran spurns production freeze

2016-03-15 09:22

Brent has dropped for a second day as Russia signaled Iran won’t join major producers in freezing output to manage a global glut.

Brent oil pares losses on Russia output talks

2016-02-22 09:17

Brent oil has risen as Russia said talks on an output freeze will be done by March, while Nigeria said some countries should have production capped at higher levels.

Brent Crude dips to 11-yr low before US oil stockpile data

2016-01-06 12:02

Brent crude dropped to an 11-year low before weekly US government data forecast to show fuel supplies rose in the world’s biggest consuming nation.

Brent pares gains as oil glut returns

2015-08-14 12:47

Brent crude prices have pared gains as the market weighed a burst of optimistic news on demand against the global overhang of physical oil.

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.

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.