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Brent crude oil


Brent crude oil falls more than $2 on factory data

North Sea Brent crude oil fell more than $2 per barrel on Monday after factory data in Europe and Asia pointed to a sharp slowdown in global economic activity and lower fuel demand.

July 2, 2012 3:44

UAE economy minister says oil around $100 okay

"As long as it hovers around $100, it is the right price," he told a news conference. "My expectation is it will hover between $80-$100 depending on the situation - it could be more than that," the UAE's economy minister Sultan bin Saeed al-Mansouri said on Monday.

June 4, 2012 5:41
Oil around $120 As IEA Sees Fundamentals Easing

Oil around $120 As IEA Sees Fundamentals Easing

IEA sees oil market supply fundamentals easing; Saudi Arabia says it is pumping 10 million bpd; U.S. crude stocks up 2.79 mln bbls; distillate, gasoline falls; Iran to offer new proposals at this weekend's nuclear talks

April 12, 2012 3:20
Finding favour in oil benchmark battle

Finding favour in oil benchmark battle

Malaysia's Petronas, Delta Air Lines adopt Brent for hedging; ICE Brent volumes cut NYMEX WTI advantage in past few weeks; Goldman Sachs says switch to Brent is "smart" for investors

April 11, 2011 12:39

Oil above $124 as Libya conflict hits fields, Nigeria polls postponed and in Japan aftershock

Brent hits 32-month high on Libya oil attacks; Middle East unrest adds $20-25 oil premium; Analysts warn signs of demand destruction emerging

April 8, 2011 12:24