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Photograph: iStock

Oil prices slumped again on Monday on concerns over scarce storage capacity, especially in the United States, and global economic doldrums from the co(...)

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(...)

The rise in price  follows 16 months of supply cuts by Opec and Russia that have removed at least 1.8 million barrels a day from the market. Photograph: Regis Duvignau/Reuters

Oil prices climbed towards $75 (€61) a barrel on Thursday, hitting the highest level since 2014 and taking the rally over the past year to almost 50 p(...)

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(...)