Oil extended losses in Asian trade today, with prices hitting multi-month lows as Spain’s banking woes intensified worries about the Euro zone, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in July was down 24 cents

Russian equities traded in New York headed for their third straight monthly decline, the biggest stretch of losses in three years, as a tumble in Brent crude sent OAO Lukoil (LUKOY) and OAO Gazprom Neft (GZPFY) lower. The Bloomberg Russia-US Equity Index

Crude oil futures prices today fell 0.22 per cent to Rs 5,086 per barrel, as speculators engaged in reducing their positions amid a weakening trend overseas. At the Multi Commodity Exchange, crude oil for delivery in June contract declined by Rs 11 or

Oil prices edged lower in Asian trade today as concerns that debt-plagued Spain could be forced to seek a bailout roiled the markets. Prices were under pressure after the euro plummeted, making dollar-priced oil more expensive and dampening the demand.

China Knowledge cited Mr Wang Yilin Board Chairman of CNOOC Ltd the largest offshore oil company in China as saying that the company will maintain an annual output target between 330 million and 340 million barrels of oil equivalent or BOE this year. He

Oil prices were mixed in Asian trade today as investors weighed the Euro zone’s mounting debt woes with the prospect of a disruption to West Asian supplies, analysts said. New York’s main contract, West Texas Intermediate crude for delivery in July, was

North Sea Brent crude oil futures rose more than $1 per barrel on Monday as fears of a euro zone break-up eased but Middle East oil supply worries resurfaced as talks over Iran's nuclear programme faltered. Brent futures for July jumped to a high of

Crude oil prices are following stocks higher while gold is capitalizing on a pullback in the US Dollar amid a broad recovery in risk appetite across financial markets. Commodity prices are trading broadly higher amid a pick-up in risk appetite to start

China aims to launch crude oil futures within the year and allow them to be traded by foreign investors as the country speeds the opening of its commodities futures market to overseas players, the chairwoman of the Shanghai Futures Exchange (SHFE) said

Brent crude edged above $107 per barrel on Monday as polls showing support for a pro-bailout government in Greece calmed fears of a euro zone exit hitting demand while the lack of progress in talks over Iran's nuclear programme spurred supply worries. A

U.S. crude oil futures settled higher for a second straight day Friday, on some upbeat economic data from the U.S. and Europe, and as well on cues from equity markets. Oil prices ticked up despite a strengthening dollar that notched a high last seen in

Oil rose on reports showing that U.S. consumer confidence gained and the United Nations’ atomic agency found evidence Iran boosted its output of enriched uranium that could be used for a nuclear weapon. Futures increased for a second day as the Thomson

Oil futures eked out a gain Friday, as traders remained wary of staking out large positions following inconclusive talks with Iran and a long weekend in the U.S. Light, sweet crude for July delivery settled 20 cents, or 0.2%, higher at $90.86 a barrel on