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Oil prices rise 1%

Union Jack Oil

Oil prices climbed on Monday, supported by Saudi optimism on Asian demand and an Iraqi pledge to deepen supply cuts, although uncertainty over a deal to shore up the U.S. ...

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Oil breaks out

Union Jack Oil

Oil finally broke out of the narrow range it has been trading in for over a month now, with ICE Brent trading as high as US$46.23/bbl at one stage yesterday, although ...

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Oil prices edge upward

Union Jack Oil

Oil was propped up by the combination of a weaker dollar and stronger U.S. equities with speculation growing around the Federal Reserve reinforcing its dovish message. U.S. crude futures climbed ...

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