Energy

Oil near $107 on high stockpiles, faltering growth

Brent crude oil steadied at around $107 per barrel on Thursday after its biggest fall in five months on signs of faltering economic growth and rising stocks of fuel. FULL STORY »

Oil falls hard after US crude stocks near record

Oil prices fell 3 percent on Wednesday, in the steepest daily drop in five months, as U.S. crude inventories rose to their highest since 1990 and weak economic data weighed on the outlook for demand. FULL STORY »

Oil falls below $110; U.S. supply builds

Oil fell below $110 a barrel on Wednesday as oil stockpiles swelled in top oil consumer the United States, where a struggling economy is limiting demand for fuel. FULL STORY »

Oil settles mixed on concerns about U.S. growth, euro zone

Brent crude oil settled lower and U.S. crude settled slightly higher on Tuesday as traders weighed concerns about demand and the possibility of a prolonged pipeline outage in the U.S. Midwest. FULL STORY »

Oil climbs above $111, Saudi sees stronger demand

Oil edged higher on Tuesday above $111 a barrel as the prospect of stronger demand in Asia outweighed concerns over the pace of economic recovery in top consumer the United States. FULL STORY »

Brent higher in choppy trading, U.S. crude slips

Rising U.S. production, imports from Canada, and limited pipeline flows from the Midwest to the Gulf Coast have weighed on U.S. crude prices relative to seaborne benchmark Brent, creating a large price divergence between the two main oil contracts. FULL STORY »

Oil slips below $110 after China data misses mark

Brent crude eased below $110 a barrel on Monday after Chinese manufacturing data missed market expectations, signalling the potential for slower demand growth in the world's second-largest oil consumer. FULL STORY »

Oil settles higher, U.S. crude surges 5.9 percent in Q1

Crude futures rose on Thursday, the last session of the first quarter, in choppy trading with stronger Wall Street equities and a weaker dollar supporting dollar-denominated oil prices. FULL STORY »

Midwest refineries boost capacity for heavy crude oil

Despite recent national attention on rising domestic production of light sweet crude oil, especially from tight oil formations in North Dakota, some Midwest refiners are reconfiguring their facilities to process more heavy crude oil, which will likely come from Canada. FULL STORY »

Oil edges higher as Cyprus banks reopen

Oil rose on Thursday underpinned by expectations of a revival in demand growth in the United States, the world's biggest oil consumer, while Europe's debt worries capped gains. FULL STORY »

Oil higher but rising crude inventories limit gains

Crude oil prices rose on Wednesday in choppy trading as U.S. heating oil rallied on falling distillate inventories, while rising crude oil stockpiles in the United States and the stronger dollar limited gains. FULL STORY »

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