OIL rose towards US$80 a barrel on Tuesday, supported by concern that falling Venezuelan crude output and a potential drop in Iranian exports could further tighten global supply.

COMMENTARY

EXPORTS of US crude oil to Asia appear to be starting to struggle under the weight of a narrowing discount for its domestic benchmark crude to international grades and efforts by other suppliers to...

[NEW YORK] Oil prices settled up 2 per cent on Wednesday despite a rise in US crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister...

[NEW YORK] Crude oil prices rose on Wednesday after the International Energy Agency (IEA) said a global surplus of crude was starting to shrink, even though US data showed another big increase in...

[NEW YORK] Oil prices rose on Wednesday after US crude inventories declined for the eighth straight week and as a storm approached the Gulf Coast with the potential to disrupt oil and refined...