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Business

Brent slips from $75/bbl as investors doubt rally will endure(Update)

NEW YORK: Oil prices eased after Brent touched $75 per barrel on Thursday for the first time in nearly six months on the suspension of some Russian crude exports to Europe as investors second-guessed the market's ability to rally further.

Business

Oil prices surge on hopes of successful US-China trade talks(Update 2)

SINGAPORE: Oil prices rose on Wednesday, extending gains from the previous session on hopes that Washington and Beijing can resolve a trade dispute that has triggered a global economic slowdown

Business

Oil down after small US drawdown; seen choppy before Brexit vote

NEW YORK: Oil prices settled down more than 1 percent on Wednesday after the U.S. government reported a smaller-than-expected inventory drawdown, and as investors fretted about Britain's upcoming vote on whether to stay in the European Union.

Business

What lower crude prices mean

GLOBAL crude oil prices have fallen since the beginning of the year despite the political turmoil engulfing the oil-and-gas producing regions of the world.

Business

Analysts expect oil slide to stop in the next few months

PETALING JAYA: Winter, already on its way in the northern hemisphere, may just be what crude oil prices need to stave off further price drops.