LONDON (Reuters) – Oil prices rose on Friday, lifted by a rebound in Chinese stock prices and hopes that the Greek debt crisis could be resolved, but worries about oversupply and slowing demand limited gains.
Brent crude oil LCOc1 was up 31 cents at $58.92 a barrel by 0839 GMT. So far this month, the international benchmark has lost more than 7 percent.
LONDON (Reuters) – Oil fell more than $1 to below $62 per barrel on Monday, its lowest in three weeks, as Greece shut its banks and imposed capital controls, causing investors to flee from riskier assets and darkening the demand outlook.
The European Central Bank froze funding support to Greece’s banks after bailout talks between the government and foreign creditors broke down at the weekend, leaving Athens with little choice but to shut the system to keep lenders from collapsing.
LONDON (Reuters) – Oil prices edged up on Tuesday as strong European economic data and optimism a deal will be struck between Greece and its creditors offset the impact of a supply glut.
Prices recovered after falling earlier in the session, moving into positive territory as European shares climbed to a three-week high on expectations of a Greek deal.
LONDON (Reuters) – Oil prices held steady on Tuesday, as a glut in supply offset an improvement in sentiment due to better European economic data and optimism a deal will be done between Greece and its creditors.
Oil prices recovered some of their earlier losses, briefly moving into positive territory as European shares climbed to a three-week high on expectations of a Greek deal.
LONDON (Reuters) – Oil rose over a dollar on Wednesday as strong demand and falling stockpiles in the United States pushed prices higher.
Brent futures were up $1.48 at $65.18 a barrel at 1025 GMT. Front month U.S. crude futures were up $1.19 at $61.16 per barrel.
LONDON (Reuters) – Brent crude oil was stable on Wednesday as strong demand was unable to lift prices in an oversupplied market.
Brent futures were up 6 cents at $63.76 a barrel at 0738 GMT (0338 ET). Front month U.S. crude futures were up 12 cents at $60.09 per barrel.
LONDON, June 9 (Reuters) – “Goth Girl” author and illustrator Chris Riddell
was named Britain’s new Children’s Laureate on Tuesday and said he would like to
use to the post to encourage children to draw as well as read.
Riddell, whose books feature finely detailed, humorous illustrations
bursting with life, said he wanted to unleash children’s imagination.
LONDON (Reuters) – Oil prices gained on Tuesday as higher seasonal demand in developed economies offset the impact of a large global supply overhang.
Expectations of a fall-off in U.S. shale oil production and a weaker dollar also underpinned prices.
LONDON (Reuters) – Oil prices gained on Tuesday, recouping some of the previous session’s losses, as higher seasonal demand in developed economies offset the impact of a large global supply overhang.
Brent for July delivery LCOc1 was up 95 cents to $63.64 a barrel as of 0846 GMT (0446 ET), having settled down 62 cents in the previous session.
LONDON (Reuters) – Opinion pollsters face another post-mortem over their failure to accurately predict last week’s British election result, while world investors are paying heed to yet another win for betting markets.
Prime Minister David Cameron’s Conservatives won an outright parliamentary majority in a major upset that came after months of polls, including nearly a dozen on election day itself, showed them neck-and-neck with the main opposition Labour Party.