American Petroleum Institute

Brent crude oil approached $110 on Thursday morning after more data from the US painted a healthy picture of the number one oil consumer’s economy. The commodity traded at $109.89 at 6:30 GMT as investors kept an eye on tension brewing in both Ukraine and Libya amid the improving demand outlook...

Brent crude oil made its way above $110 following better than expected US data released on Tuesday. The commodity traded at $110.21 at 6:20 GMT on Wednesday morning as the data suggested an improvement in global demand growth. Several important US economic releases came out on Tuesday, all...

Brent crude oil remained above $108 on Tuesday despite deteriorating global demand. The commodity traded at $108.44 at 5:45 GMT as investors looked to Ukraine where the escalating conflict looked likely to continue worsening. The relationship between the West and Russia deteriorated further...

Brent crude oil was steady near $108 on Tuesday despite expectations that US inventories reached a new record high last week. The commodity traded at $107.85 at 8:15 GMT on Tuesday morning, supported by worsening tension in Ukraine. Tension rose in the eastern part of Ukraine as clashes...

Easing geopolitical tension coupled with worrisome economic figures pushed Brent crude oil to a near five month low on Tuesday. The commodity steadied at $105.61 at 5:45 GMT on Wednesday morning as investors looked to the US for crude inventory data and a better picture of the number one oil...

Brent crude oil slid lower as worries about Ukraine subsided and concerns about an oversupplied market drove prices. The commodity traded at $106.45 at 8:15 GMT on Wednesday morning as the Federal Reserve meeting and US inventory data came into focus. The American Petroleum Institute released a...

Brent crude oil traded at $108.29 at 5:45 GMT on Wednesday morning as worries about slipping global demand outweighed concern about the situation in Ukraine. The commodity has been primarily weighed down by weak data from China, which many believe may set the tone for global appetite. Investors...

Brent crude oil held its ground above $109 after data showed that US stockpiles fell dramatically. The commodity traded at $109.32 at 4:42 GMT as weak US data kept any large gains in check. With winter demand nearing its end and the US and Europe thawing out after a difficult winter, refiners...

With the State Department’s release of a report Friday concluding the Keystone XL pipeline would not substantially worsen carbon pollution, the Obama administration apparently had one less reason for not approving the project. Last summer, the President said he would approve the 1,700-mile...

Brent crude oil was higher on Tuesday morning after seeing its largest gain in over two weeks on Monday. The commodity rose 2.5 percent on Monday and traded at $109.20 at 5:00 GMT on Tuesday morning as supply worries returned to the market. CNBC reported that Libyan oil exports tumbled as the...

Brent crude oil remained steady above $110 as Federal employees headed back to work and investors waited for a spate of delayed US data that will paint a clearer picture of the nation's economic health. The commodity traded at $110.32 at 6:30 GMT on Wednesday morning as most were reluctant to...

Oil prices continued to fall on Wednesday as the US government remained shut down for a second day. The halt has forced nearly one million government workers to take unpaid leave and will likely reduce the number one oil consuming nation's appetite for crude. Brent crude oil traded at $107.58 at...

Brent crude oil climbed back above $109 as some began to doubt that the relationship between the West and Iran has the potential to improve. The commodity traded at $109.14 at 7:00 GMT on Wednesday morning. Tension between the West and Iran has long supported oil prices as Iran moved forward with...

Brent crude oil slid on Wednesday as easing supply concerns and caution ahead of key data from the US and China put pressure on prices. The commodity traded at $107.82 at 6:54 GMT on Wednesday morning, marking its fourth consecutive session drop and its longest losing streak since April. A new...

Brent crude oil slid on Tuesday morning as the risk of supply interruptions faded. The commodity traded at $108.50 at 7:03 GMT on Tuesday morning as losses due to easing supply fears were mitigated by forecasts of falling crude inventories in the US. Tension between the West and Iran over Tehran's...