seen in 2015, as soaring production in the United States undermined the 10 percent rally from lows hit in December that was driven by tightening supply and political tensions in OPEC member Iran. US West Texas Intermediate (WTI) crude futures CLc1 were at $61.92 a barrel at 0313 GMT, 9 cents below ...

SINGAPORE: Oil prices on Thursday remained near levels last seen in late 2014/2015, with markets tightening amid tensions in Iran and due to ongoing OPEC-led production cuts. US West Texas Intermediate (WTI) crude futures were at $61.76 a barrel at 0110 GMT, up 13 cents from their last close and ...

TOKYO: Asian shares scaled a 10-year high on Thursday as solid economic data from the United States and Germany reinforced investors’ optimism while oil prices hovered at 2-1/2-year high with unrest in Iran stoking supply disruption concerns. MSCI’s broadest index of Asia-Pacific shares ...

SINGAPORE: Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. US West Texas Intermediate (WTI) crude futures CLc1 were at $60.61 a barrel at 0423 ...

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 were stable on Monday, hovering around Friday’s levels as a lack of conclusive market indicators prevented prices from swinging either way.US West Texas Intermediate (WTI) crude futures CLc1 were at $57.33 a barrel at 0105 GMT, up 3 cents from their last settlement.Brent ...

SINGAPORE: Oil markets rose on Thursday, lifted by a fourth straight weekly fall in US crude inventories, though climbing output capped prices well below the 2015 highs reached earlier this week.US West Texas Intermediate (WTI) crude futures were at $56.69 a barrel at 0545 GMT, up 9 cents, or 0.2 ...

SINGAPORE: Oil markets were tepid on Monday as traders were reluctant to take on big new positions ahead of an OPEC meeting at the end of the month, when the producer club is expected to decide whether to continue output cuts aimed at propping up prices.Brent crude futures LCOc1, the international ...

SINGAPORE: Oil prices held steady on Thursday after falling late in the previous session, supported by ongoing supply cuts led by OPEC and Russia.However, traders said a price rally that has pushed up Brent crude by over 40 percent since July may have run its course due to increases in US supplies ...