Global oil prices rose Thursday September 13, 2012, but held under recent peaks, as traders awaited the outcome of the Federal Reserve's latest regular meeting and eyed geopolitical tensions.

Brent North Sea crude for delivery in October gained 17 cents to $116.13 a barrel in late morning deals.

New York's main contract, West Texas Intermediate or light sweet crude for October added 14 cents to $97.15 a barrel. Read more »

Oil prices rose on Friday September 77, 2012 in volatile trading after a disappointing U.S. August jobs report weakened the dollar and bolstered expectations for stimulus from the U.S. Federal Reserve, even while denting the outlook for petroleum demand.

Brent and U.S. crude futures were flirting with weekly losses after posting five straight weekly gains and surging more than 9 percent in August. Read more »

Oil prices rose Monday August 27, 2012 as Tropical Storm Isaac barreled across the Gulf of Mexico and toward the U.S. mainland, picking up strength and threatening oil and refining operations. An explosion at a refinery in Venezuela also pushed prices higher.

Benchmark crude for October delivery rose $1.03 in late afternoon Bangkok time to $97.18 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell 12 cents to finish at $96.15 per barrel on the Nymex on Friday. Read more »

Oil prices are racing higher as investors bet that central bank cash will soon boost a market afraid of Middle East war and worried about North Sea supplies, but the rally looks increasingly inflated by speculative guesswork.

Oil is up almost a third in six weeks at a time when the world economy, and hence fuel demand, are extremely weak. Read more »