Brent Crude

• Once Brent Crude closes above $ 80, target $ 88

Crude futures sink

Crude futures slumped Thursday after the International Energy Agency said it will release 60 million barrels of oil into world markets in the coming month to counteract lost production in Libya.

Crude for August delivery dropped $5.19, or 5.5%, to $90.21 a barrel on the New York Mercantile Exchange.

Oil futures slip as demand fears persist

Crude oil futures traded lower Friday on persistent fears of slowing global growth and diminished demand. Crude oil for July delivery shed $1.79, or 1.9%, to $93.21 a barrel on the New York Mercantile Exchange.

Oil drops as Saudi Arabia offers more crude

Crude oil prices dropped on Friday as Saudi Arabia began offering more oil to Asian refiners, easing worries about supply following an inconclusive OPEC meeting.

By 1400 GMT, U.S. crude futures fell by $2.65 to $99.28 a barrel, retreating from early gains and slipping below $100 a barrel.

OPEC won't boost output; oil prices rise

OPEC did not reach a decision on whether to boost production and will meet again in three months. Crude for July delivery hit $100 a barrel.

Oil down in Asia on fears of higher supply

Oil was down in Asian trade today amid speculation that Opec may boost crude supplies despite faltering energy demand. The 12-nation Organisation of the Petroleum Exporting Countries (Opec) oil cartel will meet tomorrow in Vienna amid growing fears that high crude prices could further dent world economic growth and energy demand. The oil cartel pumps about 40% of global supply. Iran, Opec's second-biggest crude producer, favours high oil prices and traditionally opposes an increase in production of the cartel.

Oil slips on economy worry

Oil retreated on Thursday, as investors focused on disappointing economic data, but dollar weakness and renewed violence in Yemen helped limit losses.

Oil down 4 percent

Oil prices tumbled 4 percent on Wednesday as U.S. gasoline futures plunged limit down, triggering a brief halt in trade on the New York Mercantile Exchange.

U.S. crude slumped $4.31 to $99.57 a barrel at 12:22 p.m. EDT. In London, Brent crude dropped $3.87 to trade at $113.76 a barrel.

Crude futures fall after CME hikes margins

Crude-oil futures declined in electronic trading on Tuesday as a hike to margin requirements dampened sentiment toward the commodity.

Crude for June delivery dropped 94 cents to $101.61 a barrel in electronic trading on the New York Mercantile Exchange.

Oil drops below $100

Oil plunged nearly 9 percent to settle below $100 per barrel. Investors who had ridden a months-long rally fled the market Thursday because of concerns about weakening demand for fuel in the U.S.

Oil falls

Oil is falling after more signs that supplies of petroleum products are rising and demand is falling in the U.S.

Oil marketing cos' shares up on fuel price hike reports

The government plans to hike diesel prices by up to Rs 3 a litre soon after the Assembly elections in five states are over next week, while an equivalent steep increase in petrol rates is also on card.

Oil slashes gains after U.S. payrolls data

Oil prices cut back gains of over a dollar on Friday after stronger-than-expected U.S. jobs data indicated the improving economic recovery of the world's largest oil importer was firmly on track, boosting the dollar. U.S. crude futures were 17 cents higher at $106.89 at 1333 GMT after earlier climbing to $107.84, a level last touched in September 2008. Brent crude for May delivery rose 2 cents to $117.38, the highest level in nearly four weeks.

Oil rises on unrest in West Asia, North Africa

US crude futures gained 40 cents to $105.37. Brent crude futures rose 29 cents to $115.99 a barrel at 1130 GMT.
The civil unrest has spread across oil rich North Africa and the West Asia to such countries as Tunisia, Egypt and Bahrain and has shut in the bulk of Libya's oil output. In Nigeria, some violence has been reported ahead of presidential election in April. Palestinian rockets struck two cities deep in Israel on Wednesday, wounding a resident and prompting a deputy to Prime Minister Benjamin Netanyahu to call for a new offensive against the Hamas-ruled Gaza Strip.In Yemen, a small oil and gas producer, opposition groups called on protesters to march on President Ali Abdullah Saleh's Sanaa palace on Friday to demand he step down.

Oil near $105

Oil prices hung near $105 a barrel Wednesday in Asia as violent uprisings in the Middle East kept traders nervous about possible crude supply disruptions.