Oil Business

Oil edges up as multi-year lows trigger buying

Oil prices edged higher on Tuesday as a slump to near 11-year lows in the previous session triggered investors’ buying appetite. Brent crude traded up 60 cents at $38.52 a barrel, after touching an intra-day high of $38.95. U.S. crude was...

Oil drops on China worries, strong US dollar

  In The News Oil prices came under pressure on Friday tracking the sharp losses in the Chinese stocks and a rise in the USD index top three figures. At the time of writing, the WTI Jan futures were down 1.78% or 77 cents near USD 42.25/barrel....

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