Oil price falls further to $118

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

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

Oil price slides to 20-month low
Oil prices have fallen to the lowest levels since the beginning of 2007 due to worries about weakening energy demand.

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

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