WTI Crude

Iran says there is 'absolutely no chance' in delaying increased oil shipments.

Recent data indicates that the Chinese factories are suffering from persistent producer price deflation.

Apart from oil, the continuing Chinese slowdown and fears of US Fed rate increase weigh on markets.

An Iran-Saudi dispute ended without any significant plans for a production limit.

Brent oil was at its lowest since January as Opec output hit a recent high in July

Break of current resistance will open doors to new multi-month highs.

Shale oil boom in US is expected to come to halt amid oil price cartel Opec's unchanged production target.

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

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.

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.

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

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.

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.

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.