Browsing Category

Oil

Oil prices are rising in Asia

Oil prices rose in Asia on Tuesday, while investors still rely on markets to absorb stocks and lower global supply. Light sweet crude for July delivery rose 19 cents to $ 46.27 in Asian trade. European Brent crude for August delivery rose…

Bets raise oil prices

Oil prices rose at the start of trading on Monday as futures traders bet that the market may have seen the worst after a recent record market drop even as actual markets continue to be oversupplied due to a steady increase in the number of…

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…