Oil prices on both sides of the Atlantic have risen today, with the US benchmark climbing to a 14-month high near $105 per barrel. Photograph:  Oleg Nikishin/Getty Images.

Oil prices on both sides of the Atlantic have risen today, with the US benchmark climbing to a 14-month high near $105 per barrel, buoyed by a bigger(...)

Brent futures fell below $106 per barrel today as key forecasters trimmed their outlook for global oil demand growth. Photo: Reuters

Brent futures edged further below $106 per barrel today as key forecasters trimmed their outlook for global oil demand growth, while an invento(...)

Worries the standoff between the West and Iran will escalate have kept Brent above $100 a barrel through most of 2012 and this year, despite weak demand. REUTERS/Shannon Stapleton

Brent crude held above $107 (€82.94) a barrel this morning, but was still on track for a second straight week of losses, as Cyprus scrambled to(...)