Energy Information Administration

Brent crude oil was steady at $107.24 at 6:15 GMT on Wednesday morning following a US inventory report which showed an unexpected drop in US stocks. The commodity picked up nearly 20 cents in the early hours after ending the day on Tuesday 66 cents lower. The American Petroleum Institute...

Brent crude oil was steady near $108 on Tuesday despite expectations that US inventories reached a new record high last week. The commodity traded at $107.85 at 8:15 GMT on Tuesday morning, supported by worsening tension in Ukraine. Tension rose in the eastern part of Ukraine as clashes...

Brent crude oil looked poised to end the week with its largest weekly decline in four months. The commodity traded at $107.75 at 7:15 GMT on Friday after economic data caused investors to worry about global demand growth at a time when supply is rising in Libya and the US. US inventory data...

Easing geopolitical tension coupled with worrisome economic figures pushed Brent crude oil to a near five month low on Tuesday. The commodity steadied at $105.61 at 5:45 GMT on Wednesday morning as investors looked to the US for crude inventory data and a better picture of the number one oil...

Brent crude oil slid lower as worries about Ukraine subsided and concerns about an oversupplied market drove prices. The commodity traded at $106.45 at 8:15 GMT on Wednesday morning as the Federal Reserve meeting and US inventory data came into focus. The American Petroleum Institute released a...

Brent crude oil traded at $108.29 at 5:45 GMT on Wednesday morning as worries about slipping global demand outweighed concern about the situation in Ukraine. The commodity has been primarily weighed down by weak data from China, which many believe may set the tone for global appetite. Investors...

Brent crude oil slid below $108 as the tension in Ukraine eased and investors began to worry once again about waning global demand. The commodity traded at $107.97 at 7:19 GMT on Thursday morning as investors waited for Friday's US jobs data for a clearer picture of the number one oil consuming...

Venezuela's Hugo Chavez died a year ago today, and the country still isn't coping well. Major civil unrest is challenging Chavez's replacement, President Nicolas Maduro, and investors need to keep a wary eye on the situation. Why Venezuela matters: oil If Venezuela's current civil strife...

Brent crude oil fell below $109 to finish the week as declining demand weighed on prices. The commodity traded at $108.73 at 7:45 GMT on Friday morning as investors interpreted EIA data as detrimental to Brent prices. This winter, severe cold in both the US and Europe kept Brent prices...

Despite the Federal Reserve's decision to cut its stimulus spending further, Brent crude oil gained momentum and approached $108. The commodity traded at $107.87 at 7:50 GMT as cold weather across the US increased demand for heating oil. CNBC reported that data from the Energy Information...

Brent crude oil fell below $108 as investors worried about waning demand from the world's two largest oil consumers. The commodity traded at $107.95 at 6:27 GMT on Thursday morning after data from both the US and China suggested that demand growth was unlikely. See also: #PreMarket Primer:...

Brent crude oil slipped but remained above $111 and traded at $111.55 at 6:30 GMT on Friday morning. The commodity has been supported by strikes at refineries in France coupled with ongoing violence in Africa which has created interruptions and tightened global supply. In Libya, protests have shut...

Brent crude oil lost ground on Thursday after the US Federal Reserve announced that it had decided to begin tapering its asset buying plan. The commodity traded at $109.51 at 8:20 GMT as the dollar gained and drove crude prices lower. At the close of the Fed's December policy meeting on...

Brent crude oil sunk even further on Thursday morning as Iran and the West prepared to meet for what many believe could be a major breakthrough in the debate over Iran's nuclear program. The commodity traded at $104.86 at 8:37 GMT on Thursday. Data released from the Energy Information...

The gap between Brent futures and WTI futures narrowed after Brent prices slipped on news that one of Scotland's largest refineries would remain open despite rumors that it would close. Brent traded at $107.15 at 4:50 GMT on Monday morning as confidence returned to WTI. US crude has recently been...