Oil headed for a fifth weekly gain in London, the longest winning streak since March, on bets that a plan to contain Europe’s debt crisis will help shore up fuel demand. ›

Brent crude rose toward $109 on Tuesday as fighting in Libya continued and in anticipation of a fall in U.S. crude stockpiles. ›

Oil advanced after U.S. retail sales climbed in July by the most in four months, signaling that spending in the world’s biggest crude-consuming country is holding up. ›

Oil prices rose on Tuesday as President Barack Obama urged Republican and Democratic leaders to reach a fair compromise on raising the United States’s debt ceiling to avoid the first default in the country’s history. ›

Oil gained on Tuesday, lifted by expectations that inventories in the world’s top consumer fell for a seventh week, while it was also supported by dollar weakness. ›

Oil futures were higher on Thursday, after a government report showed U.S. crude oil inventories fell last week. ›

Ongoing tightening of liquefied natural gas (LNG) markets will lead to rising UK gas prices and result in a reconnection between spot markets and oil-indexed prices in Europe, Goldman Sachs said on Thursday. ›

Oil prices fell on Wednesday as China raised interest rates and Moody’s cut Portugal’s credit rating to “junk” status, fuelling fears about the sustainability of global economic recovery. ›

Oil rose in New York on speculation U.S. fuel demand will increase and as OPEC clashed with the International Energy about the need for more oil. Brent’s premium to New York oil widened. ›

Oil fell in New York before a U.S. government report today that may show that stockpiles of crude declined less than analysts forecast last week, raising skepticism about growth in the world’s biggest economy. ›