Energy

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 »

Oil hits two-week low below $111 as Syria strike threat ebbs

Global oil prices fell below $111 a barrel on Tuesday, touching their lowest level in over two weeks as a Russian proposal to avert a U.S. strike on Syria gathered steam, easing concerns that a new Middle East conflict would further disrupt supplies. FULL STORY »

Oil dips below $115 as Syria strike concern ebbs for now

Oil futures dropped below $115 a barrel on Monday as concerns of an imminent strike on Syria eased, with Russia and China urging Washington to avoid military action ahead of a key Senate vote. FULL STORY »

Crude oil up but gains capped by worries about Fed

Oil futures rose on both sides of the Atlantic on Thursday as bullish U.S. economic data and a drawdown in U.S. crude inventories implied increasing use in the world's biggest oil consumer. FULL STORY »

What is driving the declining U.S. gasoline consumption?

The Labor Day holiday marked the end of the peak driving season, a good occasion to review the most recent data on gasoline consumption, which accounts for almost 10% of global liquid fuels consumption. FULL STORY »

Oil over $115 as US Syria strike plan passes 1st hurdle

Global oil prices held above $115 a barrel on Thursday after U.S. President Barack Obama won some support from lawmakers for a military strike on Syria, adding to concerns that Middle East supply disruptions will persist. FULL STORY »

Oil lower as Syrian strike seen limited

Brent crude oil settled lower on Wednesday, but with a less dramatic drop than U.S. oil, as it appeared a military strike against Syria would remain limited, quelling fears of supply disruptions in the Middle East. FULL STORY »

Brent holds above $115, Syria tension stokes supply concern

Brent crude held above $115 a barrel on Wednesday as U.S. lawmakers' support for military action against Syria revived concerns that Middle East oil supplies might be disrupted if the conflict widens. FULL STORY »

Oil settles higher on tight supplies, Syria worries

Brent crude oil futures rose more than $1 per barrel on Tuesday and settled 1.2 percent higher, fuelled by tighter global supplies and as U.S. lawmakers voiced support for military action against Syria, upholding fears of oil supply disruptions in the broader Middle East. FULL STORY »

Oil twitches higher on Middle East nerves

Oil futures gained on Tuesday after an Israeli missile test in the Mediterranean jangled traders' nerves on edge over any wider conflict in the region threatening already stretched supplies. FULL STORY »

Oil slides after US makes case for action against Syria

Brent crude oil fell in volatile trade on Friday ahead of a long weekend in the United States as the Obama administration made a case for a "limited" strike against Syria. FULL STORY »

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