Oil retreats on profit-taking, weak eurozone data

Last Updated: Tuesday, April 3, 2012, 10:09

Oil retreated in Asian trade Tuesday as investors took profits from overnight gains, while weak eurozone manufacturing data also pressured prices.

Oil near $103 amid signs China economy robust

Last Updated: Monday, April 2, 2012, 20:41

Oil prices hovered near USD 103 a barrel Monday in Asia amid signs China's economic growth remains strong.

Oil falls toward $106 amid Iran nuclear tensions

Last Updated: Monday, March 26, 2012, 13:46

Oil prices fell slightly toward USD 106 a barrel on Monday in Asia as investors mulled how much the conflict over Iran's nuclear programme might disrupt global crude supplies.

Oil prices higher in Asian trade

Last Updated: Friday, March 23, 2012, 10:04

Oil prices rose in Asian trade Friday on data showing an improvement in US employment numbers as concerns over geopolitical tensions in the Middle East lingered.

Crude higher on US growth hopes, Iran concerns

Last Updated: Tuesday, March 13, 2012, 10:04

Oil was higher in Asian trade on Tuesday, supported by improved sentiment on the US economy and continued concerns over tensions between Iran and the West, analysts said.

Oil prices rise on Greek debt swap deal

Last Updated: Friday, March 9, 2012, 09:37

Oil prices rose in Asian trade Friday on news that commitments to back a Greek debt swap had passed a key threshold, analysts said.

India, China to be responsible for higher oil prices: Obama

Last Updated: Thursday, March 8, 2012, 14:32

US President Barack Obama has warned that growing energy demands in populous and emerging economies like India, China and Brazil would be responsible for the increase in global oil prices in the long term.

Oil rises in Asia on Greek debt hopes, Iran concerns

Last Updated: Thursday, March 8, 2012, 14:24

Oil prices swung higher in Asian trade on Thursday as the euro gained on hopes Greece's debt swap will be successful, with tensions over Iran also supporting prices, analysts said.

Oil prices up on Iran risks

Last Updated: Tuesday, March 6, 2012, 09:21

Oil prices edged higher in Asian trade, Tuesday as geopolitical tensions over crude producer Iran's nuclear programme outweighed weak economic data from Europe and China, analysts said.

Crude oil below $107 a barrel on profit-taking, stronger dollar

Last Updated: Saturday, March 3, 2012, 09:51

Oil prices settled below USD 107 a barrel Friday after Saudi Arabia denied an Iranian media report of a Saudi pipeline explosion.

Oil prices retreat in Asia after overnight surge

Last Updated: Friday, March 2, 2012, 09:01

Oil prices retreated in Asian trade, Friday as dealers took profits from overnight gains driven by rumours of a supply disruption in Saudi Arabia, analysts said.