oil prices

Opec members might prefer to keep selling at lower prices than lose their market.

Ruble falls again on sanctions impact and oil prices.

Russian government mooting budget cuts and utilising foreign exchange reserves to ride out crisis.

Oil prices dropped by more than $1 per barrel and Brent crude hit a fresh four-year low at below $83

Oil prices could have negative impact on the likes of Russia and Saudi Arabia.

Global oil supply rose by almost 910,000 bpd in September to 93.8 million bpd.

Concerns surrounding global economic growth have raised questions about future oil demand.

US crude stockpiles are rising against a backdrop of slowing growth in China, the world's No. 2 oil consumer.

IMF's downward revision of the global growth rate, the third such revision this year, spooks Asian traders.

Russia, Libya and Gulf producers contributing to increased supplies.

Brent finishes flat as supply outstrips demand amid fears of slowdown in Europe and Asia.

Oil futures under pressure as supplies rise amid dismal global economic data and weak demand.

Saudi could reduce output to keep oil prices around $100 per barrel.

Isis in crisis as oil revenues diminish and engineers leave oil-fields because of brutality

Brent crude maintains downtrend as IEA and Opec predict lower demand.

Beijing has expanded its diplomatic role in South Sudan since violence erupted there in late 2013.

Brent October contract finishes slightly lower on demand concerns.

Upbeat US data, rising output from Libya and demand for crude oil revisions weighed on prices.

Brent trades lower on rumours US air strikes will lower risk of oil supply disruptions from Iraq.

But Adzuna.co.uk warns that there is no room for complacency with the economy.

Ultra-violent jihadists control revenue-generating oil facilities in Syria and Iraq.

Islamic State jihadists have taken over all oil production facilities in the eastern province of Deir Ezzor.

Rival militias have clashed at country's main airport since Sunday.

KRG representatives anger Baghdad by seeking oil export agreements and access to revenues for oil already sold.

Brent and WTI contracts for August down 1.3%.

Brent oil spot price spiked to just under $116 per barrel late last week

Brent was at a premium of $7.83 to WTI crude.

Oil to jump if conflict spreads to southern Iraq, where most production sites are based.

Brent's premium to the August WTI contract stood at $6.69 in early trade.

ONS said UK CPI inflation fell to 1.5% in May, but higher commodity prices may force this back up.