Wednesday 29 July 2015
US demand

Oil slips towards $103 on US demand worries

Brent crude oil dropped towards $103 per barrel on Wednesday after data showing a surprise jump in US gasoline stockpiles sparked worries that summer demand in the world's top oil consumer could be weaker than expected. The Am


Oil falls towards $82 on high US stockpiles

Oil fell towards $82 a barrel on Wednesday, extending the steepest one-day percentage loss in three months in the previous session, on rising oil inventories and a firm dollar. The dollar surged to a one-year high against a basket of six m


Oil gains on US; Brent hits new high

Oil rose on Monday, pushing Brent crude to a fresh 18-month high, as robust manufacturing and home sales data in the US buoyed hopes of a sustained economic rebound in the world's top energy user. Traders awaited cues from US April consume


BP says US oil demand down 2m bpd

Oil demand in top consumer the United States has fallen sharply from levels a year ago due to the credit crisis and slowing economy, BP Chief Executive Tony Hayward said on Monday. "According to our preliminary data, US demand was down 2 m

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