Brent crude rose toward $107 per barrel on Monday, stretching gains into a fifth consecutive day on hopes the United States and Europe will this week announce new measures to shore up their fragile economies, boosting the outlook for oil demand. ›
Oil prices rose above $101 on Friday after Chinese GDP data came in slightly better than expected, improving sentiment across the board in commodities, but gains were limited as Chinese power demand remained flat. ›
Oil fell below $80 a barrel for a third day on concern that a meeting of European Union leaders this week will fail to check the region’s debt crisis, leading to a reduction in fuel demand. ›
Asian liquefied natural gas (LNG) spot prices LNG-AS began to ease toward $17 per million British thermal units (mmBtu) for July cargoes as new supplies came onto the market. ›
Oil futures rose towards $98 per barrel on Friday, following gains in the euro and stock markets, after a report that major central banks would step in to stem any possible financial storm after Greek elections this weekend. ›
Brent crude reversed early losses and climbed towards $104 per barrel on Thursday, but a bleak demand outlook as the euro zone debt crisis grinds on kept gains in check and set prices up for their biggest monthly percentage drop in two years. ›
The U.K.’s energy policies may fail to deliver nuclear power and renewables needed for the nation to meet its goals for reducing greenhouse gases, the International Energy Agency said. ›
Brent crude futures held steady at $106 a barrel on Friday, but was on track for a fourth weekly loss and the longest losing streak since early 2010, as investors were jittery over signs of slowing global economic growth blunting oil demand. ›
Oil headed for a third weekly drop in New York after Germany’s finance minister said Europe’s crisis may last another two years and reports added to evidence of a slowdown in China. Brent fell to its lowest this year in London. ›
Brent crude oil slipped over a dollar towards $111 on Wednesday, extending its longest losing streak in nearly two years, as political turmoil in the debt-laden euro zone deepened worries about prospects for fuel demand. ›
