Special Report: Chinese Oil Prices    

Oil prices fall as crude oil reserves rise to 8-year high

(Photo: Xinhua)

    NEW YORK, April 12 (Xinhua) -- World crude oil prices fell Wednesday but still hovered above 68 dollars, as traders took profits on the weekly data that U.S. crude oil reserves increased to the highest level in eight years. Full Story>> 

OPEC oil prices hit record high of $62.65

    VIENNA, April 11 (Xinhua) -- The Organization of Petroleum Exporting Countries' (OPEC) crude prices shot up to a record high of 62.65 U.S. dollars per barrel on Monday, following a consecutive price rise for two weeks, the OPEC Secretariat said on Tuesday. Full Story>>  

Oil prices hit $69 on supply worries

    NEW YORK, April 11 (Xinhua) -- World crude oil prices hit a seven-month high of 69 dollars Tuesday amid concerns that Iran's nuclear standoff and violence in Nigeria could undermine supplies. Full Story>>