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30 Sep 2016

Oil prices fall as investors cash in on OPEC deal rally

Oil prices fell on Friday as investors cashed in on a 6-percent rise in just one day after OPEC members agreed to reduce output for the first time in eight years to stifle a two-year price slide.

26 Feb 2016

Oil prices dip on continued oversupply, despite news of meeting to freeze output

Crude oil prices dipped in early trading on Friday as reports of a meeting by oil producers to freeze output failed to convince traders that enough effort was being made to rein in ballooning global oversupply.

29 Dec 2014

Oil prices fall more than $1, dropping to five-year lows

Crude oil prices on tumbled Monday, with global grades settling down more than $1 a barrel after an early rally fizzled and prices fell to their lowest levels since May 2009.

26 Dec 2014

Oil declines in light trading, extending losses on weak US data

Oil traded declined slightly Friday, after paring gains from early in the session, as a supply glut in top consumer the United States trumped worries about falling production from Libya.

10 Dec 2014

Oil price fall a "golden" chance to shift to clean energy: IEA

World leaders have a "golden opportunity" with plunging oil prices to put a price on carbon emissions since cheaper fuel makes the move less risky politically, the International Energy Agency (IEA) said on Tuesday.

02 Dec 2014

Oil takes breather in Asian trade

Crude prices fell in Asia on Tuesday but losses were curbed as dealers took a breather after days of sharp sell-offs following OPEC's decision to hold output levels despite global oversupply.

02 Dec 2014

IMF says lower oil prices positive for global economy

Falling oil prices are positive for the global economy as a whole, though they may hurt individual commodity exporters, IMF Managing Director Christine Lagarde said on Monday.

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