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Oil dips on prospect of record Saudi outputOil prices dipped in early trading on Thursday as the prospect of record Saudi output weighed on markets and as traders cashed in on profits following an almost uninterrupted price rally this month of nearly 20 percent. Internatio More… |
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Oil prices fall on record Saudi outputOil prices fell early on Thursday as a build in US crude inventories and record Saudi Arabian production weighed on markets. US West Texas Intermediate (WTI) crude futures CLc1 were trading at $41.34 per barrel at 8.32 p.m. ET, do More… |
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Oil posts weekly gain over Iran tensionsOil prices rose on Friday, posting a weekly gain on lift from lowered expectations that an agreement on Iran's nuclear program will result in a rapid return of more Iranian barrels to the market. Strong US refined products fut More… |
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Oil prices fall as Saudi Arabia reports record outputCrude prices dropped on Wednesday after Saudi Arabia reported record production of 10.3 million barrels per day in March, a figure the country's oil minister said was unlikely to fall by much. The decline in prices followed a More… |
