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. ›

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. ›