By PABLO GORONDI, Associated Press Writer
Oil prices rose above $52 a barrel Wednesday as a large interest rate cut in China was seen boosting its oil demand. News that Russia could join OPEC in cutting output also propped up prices, although more bad news about the U.S. economy kept the rise in check.
By mid-afternoon in [...]

VIENNA (Reuters) – A bid by Syria for aid in planning a nuclear power plant poses no proliferation risk and a Western move to block the project could discredit the U.N. nuclear watchdog, its chief said in remarks released on Tuesday.
Major Western nations want the project shelved because Syria is under International Atomic Energy Agency [...]

VIENNA, Austria – Oil prices slipped further Wednesday, dipping below $54 on fears of global economic weakness that have sent crude down more than 60 percent in four months.
But analysts suggested that prices might be bottoming out as they moved closer to the psychologically significant $50 mark.
Light, sweet crude for December delivery was down 77 [...]

By MOHAMED SHEIKH NOR and BARBARA SURK, Associated Press
MOGADISHU, Somalia – Pirates who seized a Saudi supertanker loaded with $100 million in crude oil anchored the ship within sight of impoverished Somali fishing villages Tuesday, while the U.S. and other naval forces decided — for now — against intervention.
Saudi Arabia said Tuesday that it [...]

By PABLO GORONDI, Associated Press Writer
Oil prices fell below $56 a barrel Monday as news that Japan fell into recession highlighted investor fears that a global economic slowdown will hurt crude demand.
By midday in Europe, light, sweet crude for December delivery was down $1.23 to $55.81 a barrel in electronic trading on the New [...]

VIENNA (AFP) – A looming global recession is undermining worldwide demand for oil, the Organization of Petroleum Exporting Countries said Monday, as it slashed its forecast for growth in world oil demand for both this year and next.
OPEC said in its November monthly report that continued robust demand in developing and emerging economies would not [...]

NEW YORK (WALL STREET JOURNAL via Dow Jones Newswires),
OPEC members will meet later this month in a bid to halt the tumble in crude prices, amid signs that a global economic slowdown is punishing near-term demand for oil.
The news of the meeting, which analysts expect will result in another production cut, came as oil [...]

VIENNA, Austria – Oil prices slipped below $59 a barrel Wednesday as investors grappled with the prospect that global growth next year will slow more than originally feared, cutting demand for gasoline and other crude products.
Expectations that a snapshot of the U.S. inventories will also show reduced consumption of oil and derivatives also acted as [...]

LONDON (AFP) – The government has lifted a ban on exporting sensitive nuclear technology to India for civilian projects, it said Monday, after an international accord to relax rules in September.
Since 2002, Britain has refused all export licence applications for so-called “Trigger List” items to India, Foreign Office Minister Bill Rammell said, referring to an [...]

Vienna, - the world price of oil continues to rise again after a sharp slump as evidence of U.S. recession and the declining production of oil demand from China. World oil prices plunged sharply on Monday (3 / 11) after a negative response to the report a decline in U.S. manufacturing activity last October.
Contract [...]