Oil has rebounded after falling to the lowest in more than 12 years amid signs that a global glut will ease as US output declines

Oil halted gains after the biggest jump in almost two months as Iraq said it raised output to a record ahead of talks between the world’s largest prod(...)

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(...)

 US oil fell towards $27 a barrel and its lowest since 2003, on worries about global oversupply. Photo: Bloomberg

Oil extended its decline from the lowest close in more than 12 years before weekly US government data forecast to show crude stockpiles expanded, exac(...)

Crude futures fell in Asian trade on Thursday, adding to sharp losses the previous session after the Federal Reserve raised rates for the first time in nearly a decade.

Crude futures fell in Asian trade on Thursday, adding to sharp losses the previous session after the Federal Reserve raised rates for the first time i(...)

The glut has seen Iraqi crude grades selling as low as $30 a barrel

Brent crude oil futures edged higher on Friday but were still trading near three-month lows as the pressure of a persistent supply glut weighed on pri(...)

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(...)

Crude inventories thought to have increased by 3.3 million barrels last week, before an Energy Information Administration report on Wednesday. Picture: Reuters.

Oil fell for the third time in four days before US government data forecast to show crude stockpiles expanded further from a record. Futures dropped a(...)

The US guided-missile destroyer USS Farragut. The vessel has been sent to the     monitor the situation after receiving a distress call from a cargo ship that was apparently fired on and boarded by Iranian forces in the Strait of Hormuz.  File photograph: Aaron Chase/US Navy handout/Reuters

Iranian forces boarded a Marshall Islands-flagged cargo ship in the Gulf after patrol boats fired warning shots across its bow and ordered it deeper i(...)

Brent crude oil soared more than 4 per cent towards $59 a barrel on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen. Photo: Bloomberg

Brent crude oil soared more than 4 per cent towards $59 a barrel on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation i(...)