Brent Crude

Stronger-than-expected US jobs data drives US dollar higher, hitting dollar-denominated commodities like oil.

Saudi Arabian Oil Minister Ali al-Naimi said he expected the oil market to balance and prices to stabilise.

Brent's marked gains this month have been fuelled by production and export outages in Libya and Iraq.

US crude oil inventories rose by 8.43 million barrels for week ended 20 February, according to EIA.

Naimi directed Opec's 2014 decision to fight for market share, instead of cutting output to support prices.

Commerzbank expects the price gap between Brent and WTI to widen even further on the back of stock trends in the US.

Analysts at Goldman Sachs and at Intelligent Investor see an opportunity in oil equities.

Capital Economics expects oil prices to gradually climb back to some $70 per barrel over the medium term.

Deeper industry spending cuts and a weak US dollar are stimulating buying.

Crude oil prices benefit from upbeat US January jobs report and declining US oil and gas drilling activity.

Euro drops to a near 11-year low against the US dollar on 26 January.

US crude in the $26-$30 price range will signal that a global recession is inevitable, according to a Convergex survey.

Brent crude, the European benchmark, traded at about $110 a barrel a year ago.

No change expected in Saudi oil policy following death of King Abdullah bin Abdulaziz al-Saud.

Janjuah voices concerns about the US, whose energy industry grew on the back of its shale oil and gas boom.

Global crude oil market remains 'considerably oversupplied' keeping prices under pressure.

A sharp drop in oil prices and a stronger US economy will probably not be enough to brighten the outlook for global economic growth this year, the head of the International Monetary Fund said on Thursday (January 15).

Oversupply and weak demand continue to plague global crude oil market.

Oil rout continues as key producers show no signs of slashing output amid global glut.

Low prices also raise the risk of geopolitical instability, warns commodity hedge fund manager Andrew J Hall.

A stronger US dollar and concerns surrounding a global glut continue to put pressure on oil prices.

Analysts say Brent crude could drop to $55 a barrel early next year.

Armed factions in Libya are battling for control of the Opec member.

Supply glut, fuelled by US shale production and weak global demand, hits prices hard.

US crude oil inventories surprisingly rose by 7.3 million barrels last week, to their highest December level on record.

Opec producers banking on slowdown in US shale boom and rising demand fuelled by low prices.

Crude oil prices have dropped some 50% since their peak in June: their steepest fall since the 2008 financial crisis.

Analysts say oil price of $65 a barrel in 2015 will trigger the biggest drop in project finance in decades.

Brent crude oil reached a five-year-low of $58.50 a barrel this week.

It would be the lowest price since May 2009.