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Energy

Shares rise as policy easing hopes grow

European shares joined a global stock market rally on Tuesday as expectations rose that major central banks will take more action to support the world economy, after factory data highlighted the drag on growth being caused by the euro zone debt crisis.

Energy

Energy

Crude oil up $3, set for deep quarterly fall

LONDON - Oil rallied with other commodities and the euro on Friday, rising by $3 a barrel after European leaders agreed on a strategy to tackle soaring borrowing costs in Italy and Spain, but it was still set for the deepest quarterly loss since 2008.

Energy

Energy

Oil soars in Asia after EU deal

Oil prices surged in Asia on Friday with traders lauding a $150-billion growth pact pushed through by the European Union after Italy and Spain lifted their opposition to it, analysts said.

Energy

Energy

Oil above $93 on Norway strike, US supply drop

LONDON - Oil gained on Wednesday supported by tighter North Sea oil supply, while strong US data also bolstered the demand outlook, offsetting concern European leaders would fail to solve the region’s debt crisis at a meeting this week.

Energy

Energy

Oil slips below $79 on Europe’s economic woes

The price of oil fell below $79 a barrel on Monday due to concerns over Europe’s economic and financial woes. The drop was limited somewhat by a supply disruption from a storm that shut down about a quarter of crude output in the Gulf of Mexico.

Energy