Gulf Times - crude-output
Oil falls for a second day as investor risk appetite wanes

Oil falls for a second day as investor risk appetite wanes

Oil prices fell for a second day on Tuesday, driven by ongoing evidence of rising US crude output, while wary investors sold off stocks, bonds and commodities.

Oil touches three-month lows as US supply swells

Oil touches three-month lows as US supply swells

Oil hovered around three-month lows on Monday, as rising inventories and drilling activity in the United States, the world's top energy consumer, offset optimism over Opec's efforts to restrict crude output and reduce a global glut.

Oil soars 6% as Opec reaches deal to limit output in Nov

Oil soars 6% as Opec reaches deal to limit output in Nov

Oil prices jumped as much as 6% on Wednesday after Opec sources said the group has reached a deal to limit crude output at its policy meeting in November, a source for the producer group said.