Gulf Times - global-supply
Brent crude hits three-month low on higher supply

Brent crude hits three-month low on higher supply

Brent crude futures fell 33 cents to $71.83 a barrel, while US West Texas Intermediate (WTI) crude futures fell 45 cents to $67.63 a barrel.

Oil rises above $50 on signs of shrinking oversupply

Oil rises above $50 on signs of shrinking oversupply

Brent oil futures climbed above $50 a barrel on Thursday for the first time in nearly seven months on signs that a global supply glut is easing, one week ahead of an OPEC meeting.

Oil falls after Qatar meeting disappoints; stocks up

Oil falls after Qatar meeting disappoints; stocks up

Oil prices slumped on Monday after producers failed to agree on a plan to curb global supply at a meeting in Qatar, while world stock markets edged higher.

IEA expects limited impact from oil output freeze at Doha

IEA expects limited impact from oil output freeze at Doha

A deal to freeze oil production by Opec and non-Opec producers will have a limited impact on global supply and markets are unlikely to rebalance before 2017, the International Energy Agency (IEA) said.