Brent Crude

US government data revealed that supplies fell last week, owing to a temporary fall in Alaskan output.

Recent rally in oil prices would force producers to drill, adding to existing glut, says Goldman Sachs analysts.

The number of US rigs actively drilling for oil have now fallen for the 23rd week in a row.

Riyadh upped crude production and 60% of rigs in US shut.

Goldman Sachs says that a "sequential decline" in crude oil prices might not begin until later in the year.

Capital Economics expects some major headwinds for crude oil prices, both on the supply and demand side.

Brent crude for spot delivery is now in a $60-$70 range, up from $52-$63 range in the first quarter.

Brent crude futures trading at $67.25 per barrel.

Saudi Arabia's oil minister Ali Al-Naimi says that only Allah knows where crude prices are heading.

Société Générale has raised its Brent crude forecast for the full year by $4.33 to $59.54 a barrel.

The technical reversal since January now has more fundamental reasons to take to new highs.

While Opec members led by Saudi Arabia are boosting production, Libya output is also recovering.

Front-month Brent crude futures were down 15 cents since their last settlement to $63.83 per barrel.

Libya's biggest oil port Es Sider may reopen in a week adding to an oversupplied market.

Oil prices still keeping the upward trend since mid-January.

Brent crude price, the global benchmark, is down 1.42% at $58.26 per barrel as at 12.30am ET.

Negotiations with Iran could be bearish for oil prices over the next 18 months, according to BofA's Francisco Blanch.

Saudi Arabia cut oil prices to Asia and the US late last year, in a battle for market share amid a global supply glut.

Lifting of sanctions on Iran following nuclear deal could add to oil supply glut.

Goldman says Brent crude will hover at $70 a barrel by end-2015 but prices could drop to $40 during the summer months.

European Benchmark Brent oil fell to $55.50 a barrel as Iran talks resumed in Switzerland.

Hedge fund manager Pierre Andurand warns crude prices could drop to $30 amid concerns of Middle East supply disruptions.

Crude prices fall by $1 a barrel despite Saudi-led bombing campaign in neighbouring Yemen.

US oil magnate and BP Capital boss T Boone Pickens says the idea of 'peak oil' should not be dismissed.

Prices could even dip beyond those levels for a brief period, warns oil expert and FGE chairman Fereidun Fesharaki.

But gains could be short-lived, as rising supplies may weigh on prices again.

A global oil glut, a stronger dollar and a storage dearth could flood the physical markets with oil, hitting prices.

Energy watchdog IEA's report fuels concerns that the global supply glut and a storage dearth in the US will hit prices.

Restricted exports of US crude is prime reason for $9 discount of West Texas Intermediate to Brent crude, says FT.

Goldman Sachs believes that Brent prices would also come under renewed pressure as global inventories rise.