Saturday 12 July 2014
 
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Oil rally

Oil rally ‘will pause until Iran cuts’

Slowing global seasonal oil demand and a potential release of emergency stockpiles by consuming nations will slow the oil price rally in coming months, before sanctions on Iran start affecting global supply, a Reuters poll showed on Thursday.

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Oil rises above $34 on US mortgage plan

Oil prices rose above $34 a barrel on Friday, snapping a five-day losing streak, as a late rally in US equities on news that the government was working on a mortgage plan for troubled homeowners helped lift sentiment. But lingering worries

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