US oil futures touched new highs for 2016 on Friday and were set to post gains for a fifth straight week.

US oil futures touched new highs for 2016 on Friday and were set to post gains for a fifth straight week on growing optimism that major producers woul(...)

Oil prices slid on Wednesday, extending sharp falls from the previous session.

Oil prices slid on Wednesday, extending sharp falls from the previous session after top exporter Saudi Arabia ruled out production cuts and industry d(...)

Oil fell towards $37 a barrel on Monday, trading within sight of an 11-year low. Photo: Bloomberg

Oil fell towards $37 a barrel on Monday, trading within sight of an 11-year low, pressured by excess supply that has more than halved prices since the(...)

Crude markets are also under pressure following last week’s U.S. interest rate hikes and on signs of growing U.S. stockpiles even as more drilling rigs are deployed. (Photograph: Atef Hassan/Reuters)

Brent crude prices fell to levels last seen in 2004 on Monday, dropping below the lows hit during the 2008 financial crisis on renewed worries over a(...)

Brent crude oil fell back to $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady.

Brent crude oil fell back to $55 a barrel on Thursday after Kuwait said OPEC had no choice but to keep production steady, refocusing the market on glo(...)

Opec forecast demand for its oil will average 29.21 million barrels a  day this year. Photograph: Martin Rickett/PA

Oil rose for a third straight session yesterday as Opec forecast greater demand for crude this year than previously thought and projected less supply (...)

Brent crude oil prices fell towards $48 a barrel on Tuesday after the International Monetary Fund cut its forecast for global economic growth in 2015 (...)

Ireland is still the 14th most expensive place in the world to fill your car with petrol. Photographer: Dara Mac Dónaill / The Irish Times

The Islamic State (IS) takeover of several oil-producing areas in Iraq and the effects of the global recession on the development of alternative energ(...)

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. (...)

Mario Draghi: he  said, at the European Banking Congress, that the ECB must drive inflation higher quickly, and will broaden its asset-purchase program if needed to achieve that. Photograph: Martin Leissl/Bloomberg

Without any major advance, global markets hovered at elevated levels amid continued expectation in the investment community that European Central Ban(...)