Oil prices declined 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 95.26. Yesterday, the Energy Information Administration recorded an increase of 3.8 million barrels in crude stockpiles for the week ended August 24. Meanwhile, gasoline … Continue reading →

Oil prices advanced 0.58% against the USD for the 24 hour period ending 23:00GMT, closing at 96.20, amid concerns over Hurricane Isaac’s impact on oil production in the Gulf of Mexico. Meanwhile, a Group of Seven finance ministers urged oil … Continue reading →

Oil prices declined 1.22% against the USD for the 24 hour period ending 23:00GMT, closing at 95.65, on speculation that the Tropical Storm Isaac’s impact on output in the Gulf of Mexico would be limited. Meanwhile, investors focus on the … Continue reading →

Oil prices declined 1.47% against the USD for the 24 hour period ending 23:00GMT, closing at 95.89, as rising US jobless claims and weak manufacturing activity in China raised demand concern, from the world’s two largest oil consumers. In the … Continue reading →

Oil prices advanced 0.55% against the USD for the 24 hour period ending 23:00GMT, closing at 97.32, amid higher-than-expected drop in the US crude oil inventories. The Energy Information Administration (EIA) reported that the US crude oil inventories fell 5.4 … Continue reading →

Oil prices advanced 1.01% against the USD for the 24 hour period ending 23:00GMT, closing at 96.79. Late yesterday, the American Petroleum Institute (API) reported that the US crude oil supplies declined by 6 million barrels in the week ended … Continue reading →

Oil prices declined 0.44% against the USD for the 24 hour period ending 23:00GMT, closing at 95.82, amid demand concern following political uncertainty among Euro-zone leaders. Investors await the oil inventory reports later today and tomorrow to offer guidance to … Continue reading →

On Friday, Oil prices advanced 0.89% against the USD for the 24 hour period ending 23:00GMT, closing at 96.07, amid Middle-East concerns and following positive economic data from the US and Euro-zone. On Friday, the American Petroleum Institute (API) in … Continue reading →

Oil prices advanced 0.90% against the USD for the 24 hour period ending 23:00GMT, closing at 95.22. In the Asian session, at GMT0300, Crude Oil is trading at 95.18, marginally lower from yesterday’s close, on a potential rise in supply … Continue reading →

Oil prices advanced 1.34% against the USD for the 24 hour period ending 23:00GMT, closing at 94.37, amid larger-than-expected drop in the US crude supplies and amid supply concerns from the Middle East. Yesterday, the Energy Information Administration (EIA) reported … Continue reading →

Oil prices advanced 0.43% against the USD for the 24 hour period ending 23:00GMT, closing at 93.12, amid optimism over prospects for oil demand after positive economic data from the Euro-zone and the US. Late yesterday, the American Petroleum Institute … Continue reading →