OPEC talks may lead to stabilization measures after prices tumbled into a bear market

European markets will ‘remain fairly jittery’ in the run-up to next week’s referendum

Iraq increased output 2% and exports by 18% last month

Oil minister says country should be left alone until production reaches 4m barrels a day

Renewed sell-off in oil is threatening to extend the recession into a second year

Congress is nearing a deal to allow US sell crude abroad

China stocks close up more than 2 per cent helping the stock market become the best performer among major global bourses this year

Assumption of oil at $80 suggests Saudi Arabia expects rebound

Inventory buildup in the United States hurts prices