A fall in crude stockpiles in the United States may have supported a price increase but sentiment points to further likely decreases.

Brent crude rose above $70 a barrel on Thursday, gaining nearly 1 per cent along with US futures as a fall in crude stockpiles in the United States su(...)

Tabaré Vázquez waves a Uruguayan flag to celebrate his victory in the country’s presidential election. His victory follows those in recent weeks for fellow leftists Evo Morales in Bolivia and Dilma Rousseff in Brazil. Photograph: Matilde Campodonico/AP

Sunday’s comfortable victory for the ruling Broad Front movement in Uruguay was the latest confirmation of the enduring appeal of left-wing rule in So(...)

Relatives of inmates wait outside David Viloria prison in, Venezuela, 27th November 2014. Photograph: EPA/Shamil Came Jo

Venezuelan authorities confirmed 35 inmates died after a they broke into a prison’s infirmary and overdosed on alcohol and prescription drugs.Twenty o(...)

Plant manager Konstantin Rubin looks at rail tankers with base oil at Royal Dutch Shell’s lubricants blending plant in the town of Torzhok, north-west of Tver, Russia. Photograph: Sergei Karpukhin/Reuters

Brent crude held above $72 a barrel after hitting a new four year low earlier in the day after Opec decided not to cut oil output to support prices. (...)

Anti-government protesters jump and step on a banner of Banco de Venezuela after bringing down the banner during riots in Caracas. At least 41 people have been killed in Venezuela since unrest started in early February. Photograph: Jorge Silva/Reuters

The violent protests that have rocked Venezuela since the start of the year have now lost their initial intensity but Nicolás Maduro still has (...)

Opposition supporters hold candles as they take part in a rally against Nicolas Maduro’s government in Caracas. Photograph: Reuters/Christian Veron

Venezuelan president Nicolas Maduro cautioned opposition leaders to keep their expectations modest on Thursday night as he hosted them for medi(...)

The government of Venezuelan president Nicolas Maduro (above) asked that Vatican second-in-command Cardinal Pietro Parolin be named a “good faith witness” to a dialogue with the Venezuelan opposition agreed after two months of protests. Photograph: Reuters/Miraflores Palace

Venezuela’s government formally invited the Vatican’s second-in-command Cardinal Pietro Parolin yesterday to mediate talks with the opposition(...)

Protesters take cover from Venezuelan security forces during an anti-government demonstration. Photograph: John Moore/Getty Images

A National Guardsmen and a civilian were killed after a group of men on motorcycles rode into an east Caracas district to remove a street barri(...)

 Venezuelan president Nicolas Maduro (right), greets his counterparts from Cuba, Raul Castro (second from left), and Bolivia, Evo Morales (left), during the military parade to commemorate the first anniversary of the death of late Venezuelan president Hugo Chavez, in Caracas, yesterday. Photograph: EPA/Miraflores Palace

Followers of Venezuela’s late socialist leader Hugo Chávez flooded the streets yesterday for the anniversary of his death, an emotional but wel(...)

A  woman views flowers placed on a burnt out vehicle near Independence Square. The information emerging online from Ukraine over the past week is simply astonishing. Photograph: Getty Images

Social media is now a Situation Room. The information emerging online from Ukraine over the past week is simply astonishing. While the digital (...)