Pump jacks are seen in the Midway Sunset oilfield, California. The US will become the world’s largest oil producer next year  thanks to its shale oil boom. Photograph: Lucy Nicholson/Reuters

The United States will become the world’s largest oil producer next year - overtaking Russia - thanks to its shale oil boom which has transformed the (...)

Brent crude rose 16 cents to $102.59 a barrel this morning after the biggest fall in almost a month yesterday. Photograph: Lucy Nicholson/Reuters

Brent futures rose toward $103 a barrel today as the dollar weakened, regaining ground from their biggest slide in almost a month the day before.The d(...)

The crude benchmark fell more than 7 per cent during April, its biggest monthly decline in 11 months. Photograph: Lucy Nicholson/Reuters

Oil futures eased to near $102 a barrel today as fresh concerns over economic growth in the world’s top oil consumers, China and the United Sta(...)

Brent crude slips below $101
  • World
  • April 15, 2013, 08:10

Oil futures fell more than $2 today, with Brent hitting a fresh nine-month low below $101 a barrel, after Chinese and US data stoked investors'(...)

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