China stocks closed up more than 2 per cent on Wednesday, boosted by a late afternoon rally which helped the stock market become the best performer among major global bourses this year. (Photograph: Aly Song/Reuters)

Oil headed for the biggest annual decline since the 2008 global financial crisis as US producers and the Organization of Petroleum Exporting Countries(...)

Oil has declined 45 per cent this year, poised for the biggest drop since 2008

Oil traded above $60 a barrel in London amid the highest volatility in more than three years as Saudi Arabia, the world’s largest crude exporter, is s(...)

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(...)