On Friday, Crude Oil prices advanced 1.44% against the USD, closing at 93.71, after the Organization of Petroleum Exporting Countries (OPEC) indicated that it would reduce oil shipments over the next few weeks. In the Asian session, at GMT0400, … Continue reading →

  Crude Oil prices declined 1.03% against the USD for the 24 hour period ending 23:00GMT, closing at 92.38, dragged down by concerns over the ongoing debt crisis in Cyprus and worries that it could spread further into Europe. Yesterday, … Continue reading →

  Crude Oil prices advanced 1.28% against the USD for the 24 hour period ending 23:00GMT, closing at 93.34, after the EIA recorded an unexpected drop in oil supplies last week. Yesterday, the Energy Information Administration (EIA) reported that, for … Continue reading →

  Crude Oil prices declined 1.78% against the USD for the 24 hour period ending 23:00GMT, closing at 92.16, as late Tuesday, the Cypriot parliament overwhelmingly rejected a measure imposing taxes on bank deposits, thereby raising concern that Europe’s debt … Continue reading →

  Crude Oil prices advanced 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 93.83. Earlier, oil prices came under pressure after news of taxing bank accounts in debt-laden Cyprus raised fears of further turmoil in … Continue reading →

  Crude Oil prices advanced 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 93.27, as encouraging weekly US labour-market data pointed to further improvements in the broader economy. In the Asian session, at GMT0400, Crude … Continue reading →

  Crude Oil prices declined 0.22% against the USD for the 24 hour period ending 23:00GMT, closing at 92.39, after the EIA posted a larger-than-expected rise in crude oil stock piles. Yesterday, the US Energy Information Administration (EIA) reported that … Continue reading →

  Crude Oil prices advanced 0.58% against the USD for the 24 hour period ending 23:00GMT, closing at 92.59, boosted by global oil demand outlook report from the Organization of Petroleum Exporting Countries (OPEC) and as crude oil inventories in … Continue reading →

  Crude Oil prices advanced 0.41% against the USD for the 24 hour period ending 23:00GMT, closing at 92.06. Earlier, Oil prices were under pressure after weak Chinese economic data over the weekend lowered the outlook for energy demand. Additionally, … Continue reading →

  On Friday, Crude Oil prices advanced 0.52% against the USD, closing at 91.95, helped by a positive US February jobs report. A report released by the Labor Department last Friday showed that the US employers added 236,000 new jobs … Continue reading →

Crude Oil prices advanced 1.15% against the USD for the 24 hour period ending 23:00GMT, closing at 91.47, amid signs of improving employment outlook as decline in the US jobless claims fuelled hopes for a rise in oil demand. In … Continue reading →