Oct 20, 2014

Oil-price dip is no panacea

Falling oil prices — to below $80 a barrel a few weeks ago — indicate that concern over faltering demand because of weakness in the global economy trumps the usual market reponse to turmoil in the Middle East.

Oct 17, 2014

Falling oil prices shaking up global economies

A sudden plunge in the price of oil is sending economic and political shockwaves around the world. Oil exporting countries are bracing for potentially crippling budget shortfalls and importing nations are benefiting from the lowest prices in four years. The global price of oil ...

Oct 14, 2014

Oil prices hit lows in Asia not seen in years

Oil prices fell to fresh multi-year lows in Asian trading on Tuesday, with analysts blaming concerns about a supply glut and the effects of weaker demand from Europe and China. U.S. benchmark West Texas Intermediate (WTI) for November delivery was down 65 cents at ...

May 10, 2011

Oil price may peak in summer

Oil prices are likely to peak this summer as the loss of Libyan crude production has an increased impact on the market amid rising demand in Europe and Japan, Nomura International PLC said. Oil has “a potential to spike higher” as European refineries resume ...