Brent and U.S. crude fell more than $1.50 a barrel on Tuesday in on concerns demand may wane on high fuel prices and after Goldman Sachs advised investors to lock-in trading profits before oil and other commodity markets reverse.
Long-term commodity bull Goldman Sachs warned clients on Monday to lock-in trading profits before oil and other markets reverse, with the bank's estimates suggesting speculators are boosting crude prices as much as $27 a barrel.
Libyan defector, former foreign minister Moussa Koussa has warned British officials that civil war could turn his country into “a new Somalia.”
Soaring oil prices and inflation in emerging economies pose new risks to global recovery but are not yet strong enough to derail it, the International Monetary Fund said on Monday.
Soaring oil prices and inflation in emerging economies pose new risks to global recovery but are not yet strong enough to derail it, the International Monetary Fund said on Monday.
Oil prices slumped on Monday, pulling back from 32-month peaks on concerns about high prices eroding demand and threatening economic recovery as investors eyed attempts to halt Libya's conflict.
Human Rights Watch (HRW) has stated that soldiers loyal to Moammar Gaddafi are targeting and killing civilians during the government’s siege of the port city of Misrata, in direct defiance of international laws.
US stocks are mixed on global worries ahead of the unofficial start of first quarter earnings season.
Libyan rebels in Benghazi has rejected a peace proposal put forth by a delegation of African Union (AU) who visited them after they conferred with Moammar Gaddafi, who earlier endorsed the plan.
Oil prices fell on Monday in choppy trading, pulling back after surging to 32-month peaks last week when the dollar swooned and as investors warily eyed an African Union plan to halt Libya's conflict.
Two anti-government activists in Bahrain have reportedly died in police custody weeks after they were first detained, as the government’s crackdown against opponents appear to be ever-hardening
A peek into Libyan leader Muammar Gaddafi's wardrobe.
Expectations of another rise in European Central Bank interest rates by July kept the euro close to recent highs on Monday and pushed euro zone government bond prices lower.
A group of African Union (AU) leaders has arrived in Benghazi, Libya to propose terms of a peace plan to rebels groups battling against Moammar Gaddafi.
Stock index futures edged up on Monday as hopes for a strong earnings season offset some concerns about another earthquake in Japan.
Stock index futures edged up on Monday as hopes for a strong earnings season offset some concerns about another earthquake in Japan.
Commodities prices rose on Monday, pushing the Reuters-Jefferies CRB index to a fresh two-and-a-half year high on a weaker dollar and strong trade data from China.
Stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1 to 0.3 percent.
Libyan leader Muammar Gaddafi has agreed to a peace deal brokered by the African Union which proposes immediate end of fighting in the North African country and a plan to allow international forces to take up peacekeeping job.
An African Union delegation will head to the rebel stronghold in Benghazi, Libya on Monday after Libyan leader Muammar Gaddafi accepted a peace plan offer which calls for a ceasefire.
The average price for a gallon of gasoline in the United States has moved closer to $4, jumping more than 19 cents since mid-March to a level less than 10 percent below its all-time high, a widely followed survey said on Sunday.
A delegation of African leaders, headed by South African President Jacob Zuma, are on their way to Libya in an attempt to mediate the crisis in that war-torn country, according to the South African foreign ministry.
