SINGAPORE: Oil prices dropped more than 1 percent on Friday as a bounce-back in US production outweighed ongoing declines in crude inventories. If Friday’s falls last, this week will see the biggest weekly price declines since October. Brent crude futures were at $68.46 at 0259 GMT, down 85 ...

SINGAPORE: Oil prices on Friday dipped away from 2015 highs reached the previous session, weighed down by rising US output and the expected January re-opening of the Forties pipeline in the North Sea.Dealt volumes of crude futures were declining fast as traders closed positions ahead of upcoming ...

SINGAPORE: Oil markets edged up on Tuesday as the Forties pipeline outage in the North Sea and voluntary production restraint led by OPEC supported prices, although soaring output in the United States put a cap on gains.US West Texas Intermediate (WTI) crude futures CLc1 were at $57.33 a barrel at ...

SINGAPORE: Oil markets were stable on Friday as the Forties pipeline outage in the North Sea and the ongoing OPEC-led production cuts supported prices, while rising output from the United States kept crude from rising further.US West Texas Intermediate (WTI) crude futures were at $57.13 a barrel at ...

SINGAPORE: Oil prices were little changed on Tuesday as the impact from expectations of an extended OPEC-led production cut was cancelled out by rising output in the United States.Brent crude futures, the international benchmark for oil prices, were at $62.20 per barrel at 0301 GMT, 8 cents above ...