Oil futures are spiking, so who's buying the rally?
The price of oil has risen quickly over the last week or so. However, substantial evidence indicating fundamentals have changed to justify such a speedy increase is yet to emerge.
Opec Secretary General seeks US shale producers' help to cap excess global oil supply
Mohammed Sanusi Barkindo urges American oil producers to reduce production in a bid to prop up crude oil prices.
Oil lurks near $60 mark as Turkey threatens to blockade Iraqi Kurds
Brent futures spike on anticipation of higher demand and geopolitical tension.
Oil price rise due to 'weaker dollar and not Opec pact', says Rosneft boss
Russian majority state-owned company's CEO Igor Sechin says Opec deal has 'no impact' on market.
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Ecuador defies Opec and increases oil production
Latin American country says it won't be able to play its part in ongoing production cuts on financial grounds.
Abu Dhabi National Oil Company may beat Saudi Aramco to mega stock floatation
The backbone of UAE's oil and gas business is aiming to list one of its business entities.
Qatar to take legal action against Saudi Arabia in wake of Gulf boycott
Both Saudi and Qatari delegations to the ongoing World Petroleum Congress have largely avoided each other.
Opec 'won't discuss' further oil production cuts in July, says Secretary General
Mohammed Sanusi Barkindo said it would be premature to bring discussions up at World Petroleum Congress.
Oil market rout continues as Brent slumps below $45 per barrel
Crude benchmarks suffer as oversupply concerns continue to weigh on trading sentiment.
Oil plunges to 7-month low on US rig data and Libyan crude uptick
Brent, WTI futures register heavy losses as American rig count rises for 22nd consecutive week.
Oil futures nosedive on US inventory data, IEA warning
Brent and WTI contracts hammered as fears of crude supply glut escalate.
Oil futures slump to their lowest level since March
Global crude benchmarks continue to slide saddled with US oversupply fears and Qatar's diplomatic row.
Oil futures hammered as surge in US inventories adds to market woes
Rising stockpiles of US crude oil add to the downside drag of the Qatar diplomatic row.
Qatari diplomatic row rattles oil market for second successive session
Brent, WTI slide further as Doha calls for dialogue with irate neighbouring countries.
Qatari diplomatic row drags oil futures lower
Decision by several Saudi-led Middle Eastern nations to sever ties with Doha sent oil futures tumbling.
Economic 'Qatarstrophe' looms as Saudi Arabia and other Gulf nations sever ties with Doha
Decision by several Saudi-led Middle Eastern nations to sever ties with Qatar would have far reaching implications from flights to football.
Silver dips sharply on profit-taking and lower demand from China
Lower demand and technical correction took a heavy toll on the precious metal in Asian and European trading.
Oil market slumps to 3-week low as rising production neuters Opec impact
Uptick in Libyan production and rising number of US rigs spooks oil futures market.
Oil futures slump on rising US production fears
Brent, WTI contracts lost further ground as US rig count rose and traders were unconvinced by producers' cuts.
Opec 'not concerned' by Donald Trump's proposal to sell US strategic petroleum reserves
US President's plan to sell half of his country's crude oil reserves fails to unnerve Opec members.
Oil stems sharp declines as Opec decision disappoints market
Both Brent and West Texas Intermediate contracts shed 5% overnight before staging a minor recovery.
Oil futures hammered as Opec and non-Opec producers' predictable output cut extension triggers selloff
Russian and Saudi oil ministers broker deal between 24 producers to extend their ongoing output cuts.
Opec plans to 'stay steady and go through 9 months' of oil production cuts, says Saudi Minister
Khalid Al-Falih also said he was not concerned about US shale production and described it as necessary.
Kuwait calls on Opec and non-Opec oil producers to extend output cuts for 12 months
Most crude producers want production cuts to be extended for 6 to 9 months but Kuwait wants more.
Opec committee proposes 9-month oil production cut extension
An influential oil producers' committee has proposed rolling over ongoing output cuts.
Gold extends gains pinned on forex volatility
Precious metals rose for much of the European session fuelled by volatility in currency markets and political uncertainty.
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