oil price

Oil prices bounce back from a three-and-a-half year low, tracking Asian stocks higher, but are still below $50 a barrel.

Oil prices are hovering around $50 a barrel amid growing fears over a global recession and lower demand for oil.

The price of oil drifts below $55 a barrel, amid increasing worries over falling demand and slowing global growth.

Oil prices have fallen to the lowest levels since the beginning of 2007 due to worries about weakening energy demand.

Benchmark US light, sweet crude oil falls below $60 a barrel in London as worries about the global slowdown hit prices.

Oil prices fall to their lowest level in 14 months amid continued fears that a global recession will hit demand.

Oil prices fall to an eight-month low of less than US $90 a barrel and shares on Gulf stock markets fall sharply.

The price of oil has jumped by more than $16 to $120 a barrel in the US, the biggest one-day gain on record.

The price of oil climbed by almost $3 after official figures showed US crude stockpiles fell unexpectedly last week.