Crude oil traded near a one-month high in New York as gains in U.S. equities restored confidence that fuel demand will increase. Oil earlier extended yesterday’s 2.4 percent jump after the dollar index, a measure of the greenback against 16 major

Oil rose above $77 on Wednesday to reach the highest level since mid-May, tracking a recovery in global stock markets as risk appetite returns with easing concern about Europe's economy. Japan's Nikkei average rose 1.6 percent on Wednesday to top 10,000

Oil prices jumped in the Asian trade on Wednesday led by investors’ bullish outlook on the global economy. New York’s main contract light sweet crude for July delivery was up 16 cents at $77.10 a barrel. Brent North Sea crude for August delivery rose 35

Oil climbed higher in Asian trade today, drawing support from investors' positive outlook on the global economy, analysts said. New York's main contract, light sweet crude for July delivery rose 16 cents to $77.10 a barrel. Brent North Sea crude for

Crude oil futures in Asia fell Tuesday on worries that Greece's financial troubles could spread to the rest of Europe, damping the region's demand for energy. Moody's Investors Service downgraded Greece's debt rating by four notches to Ba1 from A3, after

Crude oil and gold futures stayed higher on Tuesday after the New York Federal Reserve said its index of manufacturing conditions improved in June. Crude oil for August delivery rose 59 cents, or 0.8%, to $76.87 a barrel. Gold for August delivery was up

Canada's Legacy Oil Plus Gas Inc (LEG.TO) acquired Alberta-based private oil company CanEra Resources Inc for about C$503.2 million ($487.6 million) in a cash-and-stock deal, its second in less than a month, further boosting its 2010 average production.

OIL dipped slightly in Asian trade Tuesday as Greece’s credit standing suffered another knock, which offset positive European industrial production numbers, analysts said. New York’s main futures contract, light sweet crude for delivery in July, slid

Global oil prices advanced marginally in Asian trade but remained highly volatile on concerns over Euro Zone debt crisis. Light sweet crude for delivery in July was seen trading at $75.18 a barrel at 11.30 a.m Singapore time while Brent crude for July

China Knowledge quoted according to statistics released by the National Bureau of Statistics, China crude oil production reached 17.15 million tonne or 4.06 million barrels a day in May up by 7%YoY. During the period from January to May, China produced

Crude oil prices gained Rs 27 or 0.77 per cent to Rs 3,513 per barrel in futures trade today, as traders enlarged their positions in tandem with a rising global trend. Trading sentiment remained firm as crude oil traded near $75 in global markets, on

Crude oil traded near $75 a barrel, reversing earlier losses, on expectations for higher economic growth in the U.S., the world’s largest energy user. Oil recovered on speculation of higher fuel demand as a report is expected to show U.S. industrial

Crude oil advanced in New York, extending gains made last week, on speculation sustained growth in the U.S. economy will boost fuel demand from the world’s biggest energy consumer. Oil climbed for the fourth time in five days before reports this week