Oil prices stabilise, but supply glut concerns weigh on sentiment

Oil prices stabilised on Thursday, reversing earlier declines, but market sentiment remained cautious over concerns that a supply glut may emerge amid a glum economic outlook. Front-month Brent crude oil futures <LCOc1> were trading at $66.17 per barrel at 0737 GMT, up 5 cents from their last close. U.S. West Texas Intermediate

Oil prices rise as Iranian crude exports fall

Oil prices rose on Tuesday on growing evidence of falling crude exports from Iran, OPEC's third-largest producer, before the imposition of new U.S. sanctions and a partial shutdown in the Gulf of Mexico because of Hurricane Michael. Benchmark Brent crude <LCOc1> jumped by $1.13 a barrel to a high of $85.04

Oil prices rise on Iran sanctions, outlook uncertain

Oil prices rose back towards four-year highs on Friday as traders anticipated a tighter market due to U.S. sanctions on Iran's crude exports. Benchmark Brent crude oil <LCOc1> was up 30 cents a barrel at $84.88 by 0930 GMT. On Thursday, Brent fell by $1.34 a barrel or 1.6 percent, but

Oil prices dip on rising U.S. supply, but Iran sanctions still loom

Oil prices dipped on Wednesday, weighed down by a report of rising U.S. crude inventories and an expected increase in production. Despite this, prices remain near four-year highs reached earlier this week ahead of U.S. sanctions against Iran's oil exports that kick in next month. Brent crude oil futures <LCOc1> were trading

Oil prices continue to support Saudi, most of Gulf inches up

Most Gulf markets rose slightly in quiet morning trade on Monday with oil prices hovering near their highest levels in nearly four years ahead of U.S. sanctions against Iran that will go into effect next month. The Saudi Arabian index <.TASI> was up 0.2 percent after an hour of trade, boosted