World oil prices advanced Friday as traders welcomed an upbeat jobs report in the United States, and clawed back some of their losses from earlier in the week.

Saudi Arabia, the world’s biggest oil exporter, is poised to raise the price of its lowest-quality crude to the most in almost two years relative to the top grade as it benefits from the rising cost of shipping fuel.

Oil prices could fall to $70 a barrel during 2012, from current levels above $110, as high volatility in the economy and energy markets becomes "a fact of life", Royal Dutch Shell executives ...

Saudi Arabia, the world’s biggest oil exporter, is poised to raise the price of its lowest-quality crude to the most in almost two years relative to the top grade as it benefits from rising costs of shipping fuel.

A new report says the Northern Gateway pipeline will boost crude oil prices $2 to $3 per barrel annually over the next 30 years, causing significant damage to consumers, businesses and the Canadian economy.

Oil price up on Europe measures to end debt crisis Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 07:23 a.m., Tuesday, January 31, 2012 Oil prices are climbing on hopes that demand may improve after European leaders agreed on new measures to resolve the region's crippling debt crisis. In ...

Tight supply of oil and easy money are outweighing weak demand to keep oil prices high, prompting Bank of America Merill Lynch to up its oil price forecasts, the bank said in a note.

Oil traded near a six-week low before a report forecast to show the U.S. added fewer jobs last month than in December. Brent crude’s premium to the New York price is set for the largest weekly gain in a month.

Growth has returned to the oil patch after the oil-price collapse in 2008-2009 shelved $40-billion worth of projects, but the new mantra is cost-control

Oil prices could fall to $US70 a barrel this year, Royal Dutch Shell executives say.