Browsing Category

Oil

Oil rises despite concerns over supplies

Oil prices rose after a Nigerian pipeline stopped, but prices ended the week down about 4 percent on persistent concerns over the supply crunch in world markets. Brent crude rose 29 cents to settle at $ 48.15 a barrel, while US crude rose…

Oil prices continue to fall

Oil prices continued to fall on Friday, following sharp losses earlier this week, affected by widespread evidence that fuel supplies remain opaque despite OPEC's efforts to narrow the gap between supply and demand in the market. By 2020…