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Tag: oil price
Oil price jumps on Russian and Saudi agreement
2016-09-05 14:08:18| BBC News | Business | UK Edition
The price of oil has jumped after Russia and Saudi Arabia reached an agreement to cooperate to stabilise the oil market.
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Oil price drops to three-month low on oversupply fears
2016-07-25 21:59:13| BBC News | Business | UK Edition
Oil prices have fallen to a three-month low, hit by rising concerns that a global oversupply of both crude and natural gas will dampen prices.
Oil price drop caused by Brexit fears
2016-06-16 01:00:00| Offshore Technology
Oil prices have experienced a further fall amid worries that the UK might vote to exit the EU next week, while the US Federal Reserve has indicated its plans to two rate increases.
Why the Oil Price Rally Might Falter
2016-06-12 02:23:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Last year's oil price rally ran out of steam in early May after 112 days. This year's has already lasted longer (140 days so far) and prices have risen further, but there are worries that, it, too, may be running ahead of market fundamentals. While prices seem unlikely to collapse again, there are good reasons to expect a pause in their upward march. Crude prices have nearly doubled from the lows reached in mid-January. Brent rose above $50 a barrel last Monday and stayed there all week. West...
FTSE opens flat as oil price slips
2016-05-27 10:06:34| BBC News | Business | UK Edition
The price of oil reversed gains made on Thursday while London shares open flat overall.
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