Energy

Oil above $109, heads for weekly loss on Libya, Syria

Oil rose above $109 a barrel on Friday supported by persistent concern about supplies, falling U.S. crude inventories and the Federal Reserve's decision this week to leave its stimulus programme unchanged. FULL STORY »

Oil slips on Iran president comments

Brent oil dipped on Thursday after conciliatory comments from Iran's president, helping unwind a risk premium and foster speculation of a recovery in oil exports to the West. FULL STORY »

Oil gains sharply as Fed sticks to stimulus

Crude oil futures settled sharply higher on Wednesday, surging late in the session after the U.S. Federal Reserve said it would leave its monetary stimulus program unchanged, a policy largely seen as supporting commodity prices. FULL STORY »

Brent oil eases below $108 ahead of Fed

Brent crude slipped below $108 a barrel on Wednesday as Libyan production began to recover and ahead of a Federal Reserve decision on bond purchases. FULL STORY »

Brent ends at six-week low as fears over Syria fade

Brent crude oil prices settled at a six-week low on Tuesday as major world powers met to draft a resolution to destroy Syria's cache of chemical weapons, calming investor fears of an imminent U.S. military response. The resumption of some Libyan output also pressured prices. FULL STORY »

Oil falls below $109 on Syria, Libyan output

Brent crude fell below $109 a barrel on Tuesday as a deal averting any imminent U.S. attack on Syria calmed fears of a disruption to Middle East oil supplies and after output resumed at a large oilfield in western Libya. FULL STORY »

Oil falls as Middle East tensions recede

Global oil prices fell on Monday after U.S. and Russian officials reached a weekend deal to strip Syria of chemical weapons, easing investor worries. FULL STORY »

Oil falls towards $109 as Syria deal eases supply concerns

Global oil prices fell towards $109 a barrel on Monday after the United States agreed to call off military action against Syria, easing supply concerns. FULL STORY »

Oil slips below $112 as Middle East war fears ease

Brent crude oil fell below $112 a barrel on Friday after the U.S. and Russian foreign ministers agreed to push for a conference to end Syria's civil war as talks on removing chemical weapons raised hopes for broader negotiations. FULL STORY »

Brent rises towards $112 after steep fall on easing Syria tension

Brent crude oil rose towards $112 a barrel on Wednesday, after falling more than 4 percent in the past two days as concerns eased regarding a possible military strike against Syria. FULL STORY »

Oil hits two-week low as Syria tensions ease

Oil prices on both sides of the Atlantic fell by more than $2 a barrel on Tuesday as Syria accepted a Russian proposal to give up its chemical weapons, easing concerns about the potential for U.S. military strikes against Damascus. FULL STORY »

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