Market News

    Oil rises on big decline in U.S. crude stocks

    MELBOURNE, Sept 22 (Reuters) - Oil prices rose around 1% on Wednesday, extending overnight gains, after industry data showed U.S. crude stocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves.

    Oil prices advance amid U.S. supply tightness signals

    TOKYO, Sept 21 (Reuters) - Oil prices rose on Tuesday as analysts pointed to signs of U.S. supply tightness, ending days of losses as global markets remain haunted by the potential impact on China's economy of a crisis at heavily indebted property group China Evergrande.