OPEC's oil supply fell by 270,000 barrels per day (bpd) in December to a six-month low as fighting cut Libyan output.

Oil rose for a second day in New York on signs that sanctions on Iran are succeeding in cutting the nation's crude exports.

Saudi Arabia signaled it's ready to deliver on a pledge to boost the supply of oil after the collapse of Opec talks two days ago.

Oil prices were directionless on Monday with the market still worried about poorer-than-expected US employment figures and the dollar stron...

Oil prices fell below $76 a barrel on Friday after government figures showed that the United States continues to use less energy than last ...

Oil prices weakened Friday, dampened by concerns that a recovery in US demand may be slower than expected and as stockpiles of refined prod...

Oil prices rose to near $69 a barrel Tuesday as traders brushed off concerns that the doubling of crude prices since March is out of step w...

Oil prices rose $2 to above $68 a barrel on Thursday, resuming a three-month rally after a jump in U.S. crude inventories triggered a sharp...

Oil prices rose back above $ 50 here as the energy market was shaken by disruptions to gas supplies across Europe, already troubled by a co...

OPEC oil ministers arriving today amid tight security to this rain-soaked port city raised expectations that the group will slice output si...

Oil prices were up sharply near $49 a barrel Monday as investors anticipated OPEC will announce a large production cut at its meeting this ...

Oil prices fell below $54 a barrel Friday as a gloomy outlook for global crude demand overshadowed expectations that OPEC might announce a ...

Oil prices sank close to one-year low points on Wednesday as plunging stock markets generated fresh fears of slowing economic growth and in...

Morgan Stanley and four energy-related companies are taking minority stakes in Dubai Mercantile Exchange Ltd.

Oil rebounded to near US$131 a barrel Friday as news of an output cut in Nigeria helped to halt the sharp decline in prices that began thre...

Oil held above $91 a barrel on Monday, supported by Venezuela’s threat to stop sending oil to the world’s top fuel consumer the US.

Oil rebounded to more than $65 a barrel on Tuesday as fresh attacks on Nigeria’s oil industry deepened supply losses and interrupted a six-...