Oil prices declined 0.81% against the USD for the 24 hour period ending 23:00GMT, closing at 93.40, as more-than-expected rise in the US crude oil inventories and concerns over Greece’s exit from the Euro-zone weighed on the outlook for demand … Continue reading →

Oil prices declined 1.32% against the USD for the 24 hour period ending 23:00GMT, closing at 94.16, as mounting political uncertainty in Greece, raised global demand concern for commodity. Oil was further pressurized, after the Saudi Arabian Oil Minister, Ali … Continue reading →

On Friday, Oil prices declined 0.67% against the USD for the 24 hour period ending 23:00GMT, closing at 95.78, amid demand concerns following weak industrial production data from China, its second biggest consumer. Meanwhile, Saudi Arabia’s oil minister, Ali al-Naimi … Continue reading →

Oil prices rose marginally against the USD for the 24 hour period ending 23:00GMT, closing at 96.43. However, oil pared some of its gains, after Organization of the Petroleum Exporting Countries (OPEC), in its monthly report, stated that oil supplies … Continue reading →

Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 96.40, after reports showed rise in the US crude oil inventories. The Energy Information Administration (EIA) reported that crude inventories rose 3.7 million barrels … Continue reading →

Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 97.23, amid rise in the US crude oil inventories. Late yesterday, American Petroleum Institute (API) reported that crude oil inventories rose 7.8 million barrels … Continue reading →

Oil prices advanced 1.99% against the USD for the 24 hour period ending 23:00GMT, closing at 98.06. In the Asian session, at GMT0300, Crude Oil is trading at 97.79, 0.28% lower from yesterday’s close. Crude oil is expected to find … Continue reading →

  Oil prices declined 2.68% against the USD for the 24 hour period ending 23:00GMT, closing at 102.58, after European Central Bank (ECB) President, Mario Draghi refrained from pledging more liquidity-boosting measures and said the economic outlook in the region … Continue reading →

  Oil prices declined 0.43% against the USD for the 24 hour period ending 23:00GMT, closing at 105.40, as weak economic data in Europe and the US dampened demand outlook. Crude-oil further declined after US crude-oil inventories rose to their … Continue reading →

  Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 105.86, supported by positive manufacturing data from the US and China that lifted hopes of higher oil demand at the world’s top two … Continue reading →

  Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 104.83. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. In the Asian session, at GMT0300, … Continue reading →