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  • Oil rises to near $94 as US supplies of crude drop Jun 06, 2013 12:28 PM IST

    Oil rises to near $94 as US supplies of crude drop

    Analysts expected a drop of one million barrels. Separately, the American Petroleum Institute said stockpiles shrank by 464,000 to 387.3 million barrels. Tighter supplies tend to push oil prices higher.

  • Oil rises above $93 in European trade Jun 04, 2013 09:17 AM IST

    Oil rises above $93 in European trade

    Lately, subpar economic indicators have actually prompted some buying of oil, because the weaker the economy the less likely the Federal Reserve is to begin lifting the stimulus measures it has in place.

  • Oil falls below $94 on weak outlook for demand May 24, 2013 12:48 PM IST

    Oil falls below $94 on weak outlook for demand

    The contract fell three cents to close at USD 94.25 a barrel in New York on Thursday. The price sank as low as USD 92.21 in the morning after weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy.

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