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Oil falls below $59 on record-high U.S. crude stocks

(Reuters) - Brent crude oil prices fell below $59 a barrel on Thursday after U.S. government data showed crude stocks hit a record high last week. U.S. commercial crude oil inventories rose by 7.7 million to a record 425.64 million barrels in the week ended Feb. 13, said the...

EU hangs tough, waiting for Greece to bend as euro wilts

 European Union finance ministers piled pressure on  Greece  on Tuesday to remain in an international financial rescue program as the euro fears of disruption when Athens' credit lines expire in 10 days time. But as he returned to meetings on other, routine, matters with...

Oil tops $60 for first time in 2015; oversupply persists

(Reuters) - Oil hit its highest level for the year on Friday with Brent crude rising above $60 a barrel, as euro zone economic growth exceeded expectations and market bulls priced in another drop in the U.S. oil rig count. The rise in prices was also fueled by bets that cuts in...