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West Texas Intermediate crude fell from the highest price in seven days as concern eased over the risk of a supply disruption in the Middle East. Brent declined in London.
Iran’s oil minister called on Opec nations to work together to prevent a further slide in crude prices,
U.S. oil futures gained Friday on expectations of continued high demand, while global benchmark Brent held flat
Natural gas futures advanced in New York to the highest level in two weeks as concern eased that supplies would test storage limits before demand picks up with colder weather.
China, not Russia, could shape Asia’s energy future,
The United Arab Emirates is in no hurry to see OPEC cut its oil output target this year despite the sharp drop of global crude prices in the last few months, senior UAE energy officials indicated on Tuesday.
OIL PRICES WTI, BRENT,1990 - 2014
Crude oil, natural gas futures end week lower
Lower oil price adds to economic pressure on Russia