Buoyed by a European Union summit's radical new measures to tackle the euro zone's debt crisis, along with renewed anxiety on Iran, crude-oil futures shot up more than 7% Friday, outperforming most other commodities on a bullish day for the sector. Nymex

U.S. crude stocks rose last week, while refined fuel stocks were mixed with gasoline inventories rising and distillates falling, data from the American Petroleum Institute (API) showed on Tuesday. U.S. crude oil inventories unexpectedly rose 507,000

Oil rebounded from the lowest close in almost nine months amid European Union talks on a plan to stem the region’s debt crisis and speculation that crude supplies will tighten as an embargo on Iran starts. Futures rose as much as 1.2 percent in New York,

Brent crude oil fell on Wednesday on mounting concerns that European leaders would fail to solve the region's intractable debt crisis at a key meeting this week, offsetting tighter North Sea oil supply. Brent crude had fallen $1.13 to $91.89 per barrel.

Crude oil futures prices today rose by 0.52% to Rs 4,600 per barrel as speculators enlarged their positions following a firming global trend. At the MCX, crude oil for delivery in far-month August rose by Rs 24, or 0.52%, to Rs 4,600 per barrel, with an

Oil traded near the highest level in two days in New York before reports that may show the U.S. economy improving and as Iran signaled that crude exports will fall as much as 30 percent starting next week. Futures were little changed after advancing as

At a time of record fuel demand, bountiful oil and natural gas, and expanding economies, no stocks are doing worse in the world than energy producers from BP Plc to Hess (HES) Corp. The MSCI World Energy Index (MXWO) has declined 11 percent this year,

Crude-oil options volatility rose as underlying futures fell below $80 a barrel a third day on concern that a meeting this week of European leaders will fail to keep the region’s debt crisis from worsening. Implied volatility for at-the-money options

The price of crude oil could dip as low as $62/barrel or spike as high as $200/b by 2035 according to different economic growth scenarios published Monday as part of the Energy Information Administration's Annual Energy Outlook. EIA, which published its

-U.S. crude futures slumped Monday along with global stock markets and the euro, as investors grow skeptical that a European Union summit will help stem the continent's debt crisis. Light, sweet crude for August delivery recently traded $1.02, or 1.3%,

U.S. crude-oil futures traded higher in Asia on Monday as a tropical storm gathered force off the Gulf of Mexico, while a weaker euro and declining regional shares pressured the European benchmark. On the New York Mercantile Exchange, light, sweet crude

Oil traded below $80 a barrel in New York for a third day as Tropical Storm Debby moved away from oil rigs and natural-gas platforms in the Gulf of Mexico. Futures were little changed after advancing as much as 1.2 percent. Debby shifted eastward

Indian stocks gained for the third straight week Friday as continuing weakness in crude-oil prices eased pressure on energy subsidies and fueled hopes that the Reserve Bank of India will cut interest rates to boost waning growth. The Sensex (IN:1) rose