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  • oil prices retreat amid supply glut worries

    Oil prices retreat amid supply glut worries

    Business | Jul 24, 2015, 11:50 AM IST

    New York: Oil prices went down as the market continued to worry about the global supply glut.US crude supplies of last week added 2.5 million barrels to 463.89 million, according to the weekly report of

  • oil slumps to two year low on iea demand downgrade

    Oil slumps to two-year low on IEA demand downgrade

    Business | Sep 12, 2014, 09:44 AM IST

    London: Global oil prices hit a two-year low today after the International Energy Agency cut its forecasts for world demand, with the market also weighed down by plentiful supplies, analysts said.In earlier London trade, Brent