End of strike revived bearish mood brought on by failure of major producers to agree to freeze output

Crude futures fell on Wednesday after Kuwaiti oil workers ended a three-day strike that had cut the nation’s crude output by around half, with worries(...)

Oil prices fell as concerns mount that a rally since January is fizzling out, while analysts forecast another rise to record levels for US crude stock(...)

 Crude futures rose on Wednesday for the first time in eight days, with US oil pulling further away from the widely watched $30-per-barrel level breached the previous session. Photo: Bloomberg

Crude futures rose on Wednesday for the first time in eight days, with US oil pulling further away from the widely watched $30-per-barrel level breach(...)

A petrol pump is seen hanging at a petrol station in central Seoul

Crude prices stabilised on Tuesday along with Asian stock markets, following heavy losses late in the previous session, although weak market fundament(...)

Opec raised its forecast for tight oil output to 5.19 million bpd in 2020, up from 4.50 million bpd in its 2014 report

Oil prices rose on Wednesday, underpinned by an unexpected fall in US crude inventories but were still close to multi-year lows as supplies remained a(...)

 A pedestrian walks past a stock market indicator board in Tokyo. Photogrpah: Franck Robichon/EPA

Asian shares extended a global rally on Wednesday, with markets in China stabilising and Japanese stocks posting their biggest one-day gain since the (...)

Workers perform maintenance on an oil pumping unit. US oil prices neared six-year lows on Tuesday. Photographer: Andrey Rudakov/Bloomberg

US oil prices fell towards six-year lows on Tuesday after stock markets tumbled in China, the world’s largest energy consumer, adding to worries about(...)

Prices for crude oil, gasoline and diesel jumped more than 3 per cent on Tuesday as bullish investors made bets across the oil complex for another weekly fall in US stockpiles.  Photograph: Jin Lee/Bloomberg

Oil prices rose on Wednesday as US inventories were set to drop further and after the Energy Information Administration (EIA) raised its 2015 oil dem(...)

Technicians work to repair an oil pump at an oil field on the outskirts of Karamay in the Xinjiang region of China.Photograph: Gilles Sabrie/The New York Times

Brent oil has fallen to a five-and-a-half-year low under $57 per barrel, as persistent worries about a global supply glut offset concerns about output(...)

The price of oil continues to fall as a global supply glut grows. (Photograph: Brian Snyder/Reuters)

Brent oil dropped to a new four-year low below $82 a barrel on Wednesday, a fifth straight day of losses, as weak economic data from China and Europe(...)