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HuaweiSINGAPORE - Brent crude slipped under $106 per barrel on Tuesday as caution among investors grew that any fresh stimulus measures coming from central bank meetings in the United States and Europe might not be enough to revive their stuttering economies.
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Oil prices rose a fourth day on Friday on hopes for more stimulus from the US Federal Reserve after data showed US economic growth slowed in the second quarter as expected.
LONDON - Brent crude oil rose to around $106 per barrel on Friday, buoyed by a European Central Bank pledge to protect the euro zone and hopes for a fresh economic stimulus in the United States.
World oil prices rose in Asian trade Friday after European Central Bank president Mario Draghi pledged to “do whatever it takes to preserve the euro”.
LONDON - Crude oil prices rose slightly on Wednesday, as concern about threats to oil supply from the Middle East offset worries about oil demand from the euro zone.
LONDON - Oil held steady on Tuesday after China’s economy showed signs of improvement, offsetting further evidence of damage to Europe’s economy.
Oil sank below $89 a barrel Monday in Asia as an escalation in Spain’s debt crisis and a warning on China’s growth prospects suggested demand for crude will weaken.
Oil prices fell on Friday, snapping a string of seven straight higher settlements, as the euro zone debt crisis brought economic concerns back in focus and strengthened the dollar.
SINGAPORE - Brent crude held above $107 on Friday, edging lower after a surge of 20 percent in four weeks prompted some selling as Israel signalled it would not rush into any open conflict over a deadly attack on its citizens, easing geopolitical worries.
Oil rose above $90 a barrel in Asia for the first time since May after the US government said oil demand is on the rise and regional stock markets rebounded on strong earnings and improved US economic data.