Pvm Oil

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Oil’s rise also followed news of a 24-hour strike by 40 rig workers on three oil and gas platforms in the British North Sea. Photograph: Nick Oxford/Reuters

Oil prices rose on Monday on worries over supply after tensions worsened between Iran and the United States, while some offshore workers began a 24-ho(...)

Oil in New York has fluctuated this month in the narrowest range since August 2003. Photograph: iStock

Oil halted its slide near $48 (€41) a barrel as industry data showed US crude stockpiles declined again, further trimming an inventory surplus. Futur(...)

Oil refinery in Basra, Iraq: global benchmark Brent crude oil went as high as $50.71, the highest in nearly seven months. Photograph: Essam Al-Sudani/Reuters

Oil prices climbed above $50 a barrel on Thursday for the first time in nearly seven months as a global glut that has plagued the market for nearly tw(...)

Brent for January fell to a low of $60.28 a barrel in Asian trade, down $1.57 and its lowest since July 2009

Brent crude oil hit a fresh five-year low close to $60 a barrel on Monday after producer group Opec restated its determination not to cut output despi(...)