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Business 01 Feb 2011 | 12:00 AM

Brent oil price at US$100, highest since 2008, on Egypt unrest

NEW YORK: An important oil price benchmark topped US$100 per barrel on Monday for the first time since 2008, as investors kept an anxious eye on Egypt and worried about unrest there disrupting the flow of oil from the Middle East.

Business 08 Feb 2011 | 12:00 AM

Oil hovers above US$87 in Asia Tuesday as Suez Canal concerns wane(update)

NEW YORK: Oil prices fell Monday as investors shifted their focus from unrest in Egypt to the U.S. economy.

Business 10 Feb 2011 | 12:00 AM

Oil prices fall as supplies continue to grow

NEW YORK: Oil prices fell Wednesday after the government reported U.S. crude oil supplies rose last week, and new data showed OPEC production was the highest in more than two years.

Business 16 Feb 2011 | 12:00 AM

Oil prices fall on economy, supply concerns

NEW YORK (AP) - Oil prices retreated Tuesday on concerns about growing supplies of crude in the U.S. and weak retail sales numbers that suggested consumers were spending less because of high energy prices.

Business 18 Feb 2011 | 12:00 AM

Oil hovers above US$86 in Asia trade Friday(update)

SINGAPORE (AP) - Oil prices hovered above $86 a barrel Friday in Asia as violent protests in the Middle East keep investors on edge about possible crude supply disruptions.

Business 06 Apr 2011 | 12:00 AM

Oil above US$108 a barrel in Asia Wed(update)

SINGAPORE: Oil prices hovered above US$108 a barrel Wednesday in Asia after a U.S. crude supply report showed mixed signals about demand.

Business 26 May 2011 | 12:00 AM

Arcadia, oil traders charged with manipulation

WASHINGTON: The US futures regulator on Tuesday sued two veteran oil traders and their employers, the Arcadia and Parnon energy firms, charging they booked US$50mil in profits by manipulating oil prices in 2008.

Business 01 Jun 2011 | 12:00 AM

Oil price rises on weaker US$

NEW YORK: Oil rose Tuesday after a sharp drop in the dollar and reports of pipeline problems in the Midwest.

Business 01 Jun 2011 | 12:00 AM

Oil price near US$103 in Asia Wed(update)

SINGAPORE: Oil prices inched higher to near $103 a barrel Wednesday in Asia as traders mulled whether a weakening dollar could help push crude back to 2½-year highs.

Business 07 Jun 2011 | 12:00 AM

Oil drops below $99 ahead of OPEC meeting(update)

SINGAPORE: Oil prices fell below $99 a barrel Tuesday in Asia amid expectations that OPEC will raise its production quota this week.