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Gulf Independent - Brent-crude
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Oil edges up higher in volatile trading ECONOMY

Oil edges up higher in volatile trading

Oil prices edged higher in volatile trading as the market weighed Russia's comments about a possible meeting with Saudi Arabia on possible output cuts against a bigger-than-expected US crude storage build.

4:45 AM November 25 2016
Oil falls to three-month lows as gloom grows over OPEC ECONOMY

Oil falls to three-month lows as gloom grows over OPEC

Oil fell more than 2 percent to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances OPEC will reach a deal to cut output.

4:45 AM November 25 2016
Oil prices rise as markets recover from Trump's victory shock ECONOMY

Oil prices rise as markets recover from Trump's victory shock

Oil prices reversed early losses to push higher on Thursday as markets recovered from their initial shock at US President-elect Donald Trump's surprise victory, although traders said that crude fundamentals remained weak.

4:45 AM November 25 2016
Oil up over $50, US inventory drop balances OPEC doubts ECONOMY

Oil up over $50, US inventory drop balances OPEC doubts

Oil edged above $50 a barrel on Thursday as a further drop in US crude inventories countered investor doubts that OPEC will be able to implement a production cut.

4:45 AM November 25 2016
Oil edges up on Indian imports, hopes of producer cut ECONOMY

Oil edges up on Indian imports, hopes of producer cut

Oil prices edged up on Wednesday, supported by record Indian crude imports and upcoming talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.

4:45 AM November 25 2016
Oil prices fall over output cut doubts ECONOMY

Oil prices fall over output cut doubts

Oil prices fell on Monday over doubts that an OPEC-led plan to cut output would rein in a global oversupply that has dogged markets for over two years.

4:45 AM November 25 2016
Output freeze catapults oil to 4-month high ECONOMY

Output freeze catapults oil to 4-month high

Brent oil futures touched a four-month high on Tuesday as investor confidence grew in last week's deal by oil producers to freeze output levels in order to stem a two-year price rout.

4:45 AM November 25 2016
Oil marches higher on Opec optimism ECONOMY

Oil marches higher on Opec optimism

Oil prices rose nearly 3% on Thursday, extending their rally on optimism over Opec's first output cut plan in eight years.

4:45 AM November 25 2016
Oil prices rebound after Algeria says all options open ECONOMY

Oil prices rebound after Algeria says all options open

Crude prices rebounded on Monday after Algeria's energy minister said the day before that all options were possible for an oil output cut or freeze at this week's informal meeting of OPEC producers.

4:45 AM November 25 2016
Oil prices drop on returning Libya, Nigeria supplies ECONOMY

Oil prices drop on returning Libya, Nigeria supplies

Oil prices fell on Friday on worries that US rig counts would continue to rise and that returning Libyan and Nigerian exports would stoke a global supply glut.

4:45 AM November 25 2016
Oil prices dip on stronger dollar, Iran output fear ECONOMY

Oil prices dip on stronger dollar, Iran output fear

Oil prices extended losses in Asia Wednesday on the back of a strong dollar while reported comments by Iran's oil minister that his country planned to boost output ramped up oversupply worries.

4:45 AM November 25 2016
Oil prices rise on US weather disruption, OPEC action speculation ECONOMY

Oil prices rise on US weather disruption, OPEC action speculation

Oil futures rose on Tuesday supported by production suspensions in the USGulf due to an expected tropical storm and speculation that producers meeting in Algeria next month will act to prop up prices.

4:45 AM November 25 2016