The American benchmark for crude oil price has dipped below the $60 per barrel mark, its lowest point in five years, on Thursday.  West Texas Intermediate dropped to $59.88 per barrel at 1930GMT, its lowest point since July 2009. ...

(Reuters) - Benchmark Brent crude slipped on Tuesday to its lowest in five years, dropping below $66 a barrel after plunging more than 4 percent the day before on worries of a swelling supply glut. Oil prices are likely to remain around $65 a barrel for the next six or...

n">(Reuters) - The average price of a gallon of gasoline in the United States has dropped one dollar since early May, the lowest price in more than four years, according to the Lundberg survey released Sunday. Prices for regular-grade gasoline fell to $2.72 a gallon, down 12...

Saudi Arabia and Gulf countries are to maintain their market share and resist falling oil prices, say experts. The Organization of the Petroleum Exporting Countries, OPEC, convened on Nov. 27 in Vienna to devise a strategy against falling oil prices,...