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. ›

Oil rose from the lowest in almost four months in New York amid speculation yesterday’s 4.6 percent slump was exaggerated and on signs Chinese demand will increase. ›

Japanese power utilities and South Korean users bought a combined 6 million metric tons of liquefied natural gas in May, adequate to supply India for eight months, as oil cost almost twice as much as gas to burn. ›

Saudi Arabia’s cushion of spare oil capacity is thinning far faster than widely believed, threatening to trigger price spikes in the months ahead, energy industry experts warned today. ›

Could the plan to build the world’s most expensive natural gas pipeline turn out to be an elaborate bluff? ›

Oil traded near the lowest in almost a month on speculation fuel demand may falter as the U.S. economy slows, countering signs of rising industrial output in China, the world’s second-largest crude user. ›

Crude oil fell in New York and climbed in London, bringing the spread between the U.S. and U.K. benchmarks to a record, as supply disruptions in Libya and the North Sea bolstered demand for the European grade. ›

Oil rose the most in almost a week in New York as the dollar declined, boosting commodities’ appeal as an alternative investment, and Goldman Sachs Group Inc. and Morgan Stanley increased their oil-price outlooks. ›