Reuters - Oil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.63 a barrel at 0747 GMT, up 21 cents, or 0.4 percent, after hitting $60....

Oil prices recovered Thursday after the Iran nuclear talks were extended until July 7, giving oversupplied markets a breather despite uncertainty over the Greek financial crisis, analysts said. US benchmark West Texas Intermediate (WTI) for August delivery was up 10 cents at $57.06 in late morning Asian trade while Brent was 23 cents higher at $62....

Oil prices in Asian markets have experienced a further drop as the demand is weak and a continued oversupply puts more pressure on the prices already at their lowest in five and a half years. On Monday, US benchmark West Texas Intermediate (WTI) for February delivery fell 81 cents toUSD 47.55 a barrel in mid-morning trade while Brent crude for February ...

The price of Brent oil has plunged under USD 50 a barrel for the first time inthe past five and a half years amid growing oversupplies in the market. Benchmark North Sea Brent crude for Februarydelivery fell more than a dollar to USD49.92 a barrel on Wednesday trading to hit levels last seen in May 2009. US oil for delivery in February also plunged ...

Oil prices have increased in Asia one day after US President Barack Obama pledged to expand its bombing campaign against ISIL terrorists and launch airstrikes against the Takfiri cult in Syria. On Thursday, US benchmark West Texas Intermediate (WTI) for October delivery gained 16 cents to USD 91.83, while Brent crude for October rose14 cents to USD ...