Energy

Oil below $105 as Middle East risk premium fades

Brent crude oil fell slightly on Tuesday after the risk premium created by an Israeli air strike on Syria began to fade. FULL STORY »

Oil rises to over $105 per barrel on Mideast tensions

Brent crude oil rose more than 1 percent on Monday, surpassing $105 a barrel in choppy trade as Israeli air strikes on Syria prompted worries about Middle East supply to trump concern that global economic weakness may curb demand. FULL STORY »

Oil hits one-month high above $105 as Israel strikes Syria

Oil rose above $105 a barrel on Monday to its highest in nearly a month as an Israeli air strike on a Syrian military facility refocused attention on Middle East supply risks, although prices pared gains after weak European economic data. FULL STORY »

Brent tops $104 on prospects for strong U.S. demand

Brent crude rose more than $1 to surpass $104 a barrel on Friday, for a second day of gains, after better-than-expected job growth in the United States raised the prospect of stronger demand in the world's top oil consumer. FULL STORY »

Brent rises above $104, U.S. unemployment at 4-year low

Brent crude rose above $104 a barrel on Friday after better-than-expected job growth in top oil consumer the United States raised the prospect of stronger demand. FULL STORY »

Oil pushes up toward $103 after ECB rate cut

Brent crude rose nearly $3 a barrel on Thursday, closing shy of $103 as a rate cut by the European Central Bank supported riskier assets, although a shaky outlook for global oil demand and ample supply capped gains. FULL STORY »

Absorbing increases in U.S. crude oil production

U.S. crude oil production has been rising in recent years following a decline from 9 million barrels per day (bbl/d) in 1985 to 5 million bbl/d in 2008. FULL STORY »

Oil rebounds above $100 after sell-off

Oil rose above $100 a barrel on Thursday as some investors saw this week's price slide as overdone, although ample supply and concerns about the outlook for demand due to shaky economic growth limited the rally. FULL STORY »

Brent crude drops below $100 on weak data from China, U.S.

Oil pared losses after falling more than $3 a barrel to settle below $100 a barrel on Wednesday as soft economic data from China darkened the outlook for global demand, and as U.S. crude oil inventory rose to a record level. FULL STORY »

Brent crude falls below $100 on China, U.S. data

Oil prices fell more than 2 percent on Wednesday, with Brent futures dipping below $100 a barrel as fresh concerns over economic growth in China and the United States weakened the demand outlook. FULL STORY »

Oil slides 1 percent on weak economic data from U.S., Europe

World oil prices fell more than 1 percent on Tuesday, posting their biggest daily decline in almost two weeks after U.S. data showed Midwest business activity contracted in April and European data showed record unemployment. FULL STORY »

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