Oil falls amid economic concerns

Oil prices reach seven-month low
Oil prices fall sharply on fears that the renewed woes in the US banking sector will hit the wider global economy.

US slowdown cuts Japan surplus
Japan's trade surplus falls for a third consecutive month in May because of high oil prices and lower US demand.

Oil crisis dominates G8 meeting
Energy ministers from top industrialised nations meet in Japan as oil prices threaten the global economy.

Brent crude at record close
Brent crude hits yet another all-time end of trading high, as oil prices are again lifted by global economic concerns.

Oil price up $2 as economy slows
Oil prices climb $2, tipping beyond $106 a barrel as the dollar weakened amid signs of a further slowdown.