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Oil prices tumble on mounting supplies

World oil prices have sunk further as US stockpiles surged again, with the New York price falling nearly $US2 a barrel to its lowest level in 16 months… 120 more words


Oil Rebounds After Three-Week Tumble

Oil prices rebounded slightly on Friday after tumbling 14% to $80 per barrel (WTI). The 30-day price of oil was at $95 before a three-week tumble to its low on Thursday. 362 more words

Oil prices slump further as weak demand weighs

Brent oil prices sank Monday to another four-year low on abundant supplies and demand concerns arising from the weak outlook for global economic growth.
The market also slid as Iraq became the latest OPEC crude exporter to cut its prices after similar moves by Saudi Arabia and Iran, according to …