Energy

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 »

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 »

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