But crude remains below recent highs as signs of oversupply linger

Opec output cuts, Iran tensions help support prices

OPEC and 10 other producers have cut oil output by about 1.8m barrels per day since January

Oil inventories drop by 9.2m barrels while output from Libya rebounds

Further price rises have been stopped by high supplies from OPEC producers

Swathes of Arctic, Atlantic, Pacific oceans protected by Obama may now be drilled

Concern mounts that rising US output will counter reduction by Opec

US president announces reversal of Obama decision on the controversial project

Futures slide despite Opec production cut as US oil output looks set to surge

President’s ‘permanent’ ban to act as deterrent to Trump but may be challenged in courts

After timid early trading volumes soar as US election results start coming in

Fuel inventories in the US, Europe and Asia are brimming despite being peak summer driving season

Sterling edges higher but trading nervous ahead of interest rate decision

Sterling edges back to $1.4681 after climbing to as high as $1.4788 on Tuesday

Despite weak exports Chinese central bank still expects the economy to grow by 6.8 % this year

Traders say Saudi Arabia’s promise not to flood the market has provided support to oil

Strike had cut production in OPEC member by almost two thirds

US stockpiles are expected to rise again to record levels according to analysts

US oil bounces back after tumbling below $30 a barrel for first time in 12 years

Saudi Arabia, Iran tensions provide Brent crude support after volatile trading

Opec predicts that demand for crude in 2020 to be lower than for next year

Asian shares extend global rally on Wednesday with markets stabilising

Markets hit by worries over global demand as Chinese stocks rise

Prices also supported by increase in EIA’s 2015 oil demand growth forecast

Brent oil prices dropped to under $57 per barrel - its lowest level since May 2009

Glut in oil sees price of barrel drop to $82 with $80 now on horizon

The cost of brent crude has now fallen by more than 25 per cent from the mid-June peak

Global oil benchmark has declined more than 20 per cent from high in June

Prices fell $1.16 to $90.95, after earlier hitting $90.76, its lowest point since June 2012

Brent crude oil prices was up 41 cents at $114.67 a barrel

But investors look ahead to weekly oil inventories data from the US to assess supply

Consumers can change behaviour of corporations, U2 singer believes

Oil extends losses for fourth session as US wrangle expected to hit demand

Investors fear the crises in Syria and Egypt could disrupt oil supply

Sluggish Chinese economic data for June keeps lid on price gains

Unexpected jump in oil inventories and fears of central bank tightening weigh on prices

Drop in dollar helps to restore oil price after biggest slide in amost a month yesterday

Losses capped ahead of minutes from Federal Reserve meeting later today

Manufacturing sector in world’s top oil consumer unexpectedly slowed in April