Light Sweet Crude

Oil prices sank in Asian trade today after Saudi Arabia and the United Arab Emirates opened crude pipelines bypassing the Strait of Hormuz, which Iran has repeatedly threatened to close, analysts said.

Oil up in Asia on short-covering

Oil prices inched up in Asian trade today as wary traders bought up cheap crude to recoup some of their losses after markets plunged in overnight trade, analysts said.

Crude down in Asia on China demand fears

Oil prices fell on demand fears in Asia today after a weak batch of trade data from China, the world's biggest energy user, analysts said.

Oil lower in Asian trade on profit-taking

Oil fell in Asian trade today as investors took profits after sharp overnight gains, analysts said.

Oil prices fall in Asian trade

Oil prices fell in Asian trade today as fears over the eurozone debt crisis returned to haunt the markets after a rebound the day before.

Oil prices mixed as economic worries weigh

Oil prices were mixed in Asian trade today as a downgrade by Standard & Poor's of Italy's sovereign debt rating added to market jitters, analysts said.

Crude to trend lower from current levels: Commodity Broking

Commodity Broking Services' Jonathan Barratt told CNBC-TV18 that he expects to see crude trend lower from the current levels. He also indicated that Jackson Hole meet for QE3 announcement would not aid crude much.

Crude surges in Asia as US reaches debt deal

Crude oil markets rallied in Asian trade today amid relief at the announcement of an elusive US debt deal, analysts said.

Oil prices down in Asia on US debt fears

The US debt stalemate continued to roil crude markets in Asian trade today as a vote in the House of Representatives on a Republican debt plan was postponed.

Oil mixed as debt worries cloud investor mood

Oil was mixed in Asian trade today with investor sentiment clouded by Europe's debt woes and the political battle in the United States over its borrowing ceiling, analysts said.

Greek bailout lifts crude prices in Asia

Crude prices were up in Asian trade today as US equities rallied on news that eurozone leaders had clinched a bailout deal for debt-ridden Greece, analysts said.

Oil prices slide as traders eye US inventory data

World oil prices slid on Wednesday on profit-taking as traders awaited the weekly snapshot of energy inventories in the United States, the world''s biggest consumer of crude.