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SINGAPORE: Brent crude extended losses toward $124 a barrel on Wednesday after the U.S. central bank dashed hopes of further economic stimulus, while news that Saudi Arabia is likely to keep output high in the event of a strategic stocks release also weighed.

The price of Brent crude rose for the seventh straight day as looming sanctions on Iran pushed up oil futures. Is the rise in oil prices here to stay or running on fumes?

Goldman Sachs seems to think commodities could reach 2008 highs as the economic terrain begins to reflect that of late 2007. The firm is betting big on a rise in brent crude.

Crude Oil price declined sharply, at NYMAX Crude oil traded below $88 while Brent Crude slipped below $91.

Crude oil reached to 6 years lower level in global market. At Nymax the price has gone below 44$, Brent crude price slipped below 55$.

Oil prices have increased after a massive fire damaged Philadelphia Energy Solutions' major refinery on the US East Coast. Front-month Brent crude futures rose 84 cents at $65.89 per barrel, while US West Texas Intermediate (WTI) crude futures edged up $1.08 at $58.91 per barrel, Reuters reported.

Crude prices jumped more than 1% after Yemeni separatists carried out a drone attack on a Saudi Arabian oil facility during the weekend. Brent crude climbed 78 cents to $59.42 a barrel, while US crude gained 64 cents to trade at $55.51 per barrel, reported Reuters.

Oil prices have slightly edged higher on China's factory data but are on track for a weekly loss.Brent crude futures were down $0.27 at $59.89 a barrel, while US West Texas Intermediate (WTI) crude futures were down $0.32 at $54.50 per barrel, reported Reuters.

Global oil prices dropped due to weaker demand outlook and a surprise increase in the US crude inventories. Brent crude futures slipped $1.69 to $60.60 a barrel, while US West Texas Intermediate crude futures were down $1.56 to trade at $51.71 per barrel, reported Reuters.

Master Limited Partnerships continue to rank among the leaders of the market rally, but can higher gas and oil prices put a squeeze on this group?

After a hot start, could crude oil prices be slowing their rapid rise so far in 2012 after China revised projections for its economic growth?

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