But crude remains below recent highs as signs of oversupply linger

Opec output cuts, Iran tensions help support prices

OPEC and 10 other producers have cut oil output by about 1.8m barrels per day since January

Oil inventories drop by 9.2m barrels while output from Libya rebounds

Further price rises have been stopped by high supplies from OPEC producers

Swathes of Arctic, Atlantic, Pacific oceans protected by Obama may now be drilled

Concern mounts that rising US output will counter reduction by Opec

US president announces reversal of Obama decision on the controversial project

Futures slide despite Opec production cut as US oil output looks set to surge

President’s ‘permanent’ ban to act as deterrent to Trump but may be challenged in courts

After timid early trading volumes soar as US election results start coming in

Fuel inventories in the US, Europe and Asia are brimming despite being peak summer driving season

Sterling edges higher but trading nervous ahead of interest rate decision

Sterling edges back to $1.4681 after climbing to as high as $1.4788 on Tuesday

Despite weak exports Chinese central bank still expects the economy to grow by 6.8 % this year

Traders say Saudi Arabia’s promise not to flood the market has provided support to oil

Strike had cut production in OPEC member by almost two thirds

US stockpiles are expected to rise again to record levels according to analysts

US oil bounces back after tumbling below $30 a barrel for first time in 12 years

Saudi Arabia, Iran tensions provide Brent crude support after volatile trading