Oil prices declined 0.59% against the USD for the 24 hour period ending 23:00GMT, closing at 92.72, on speculation that demand for oil might fell amid worries over the outlook for global economic growth. Investors await the oil inventory reports … Continue reading →

On Friday, Oil prices declined 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 93.36. The International Energy Agency (IEA), in its monthly Oil Market Report nudged down its 2013 oil demand growth forecast by 0.40 … Continue reading →

Oil prices advanced 0.11% against the USD for the 24 hour period ending 23:00GMT, closing at 93.55, as positive employment and trade balance data from the US boosted hopes for nation’s growth prospects and the energy demand outlook. In the … Continue reading →

Oil prices advanced 0.11% against the USD for the 24 hour period ending 23:00GMT, closing at 93.45, amid fall in the US crude inventories last week and supply disruptions caused by a storm in the Gulf of Mexico. Lower North … Continue reading →

Oil prices advanced 1.46% against the USD for the 24 hour period ending 23:00GMT, closing at 93.35, as concerns over falling North Sea output and optimism for more stimulus measures from both sides of the Atlantic supported the oil prices. … Continue reading →

Crude oil prices advanced 1.09% against the USD for the 24 hour period ending 23:00GMT, closing at 92.01, as recent positive US economic data raised expectation that the demand for oil would rise from its biggest consumer. Additionally, ongoing turmoil … Continue reading →

On Friday, oil prices advanced 4.43% against the USD for the 24 hour period ending 23:00GMT, closing at 91.30, on speculation that demand for oil might rise following positive economic data from the US and Euro-zone. The oil prices also … Continue reading →

Oil prices declined 1.49% against the USD for the 24 hour period ending 23:00GMT, closing at 87.43. In the Asian session, at GMT0300, Crude Oil is trading at 87.48, 0.06% higher from yesterday’s close, buoyed by the recent North Sea … Continue reading →

Oil prices advanced 1.08% against the USD for the 24 hour period ending 23:00GMT, closing at 88.75. Yesterday, the Energy Information Administration (EIA) reported that the US crude oil inventories decreased by 6.50 million barrels to 373.60 million barrels in … Continue reading →

Oil prices declined 2.10% against the USD for the 24 hour period ending 23:00GMT, closing at 87.80. Late yesterday, the American Petroleum Institute (API) reported that the US crude oil inventories declined 11.6 million barrels in the week ended July … Continue reading →

Oil prices declined 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 89.68, as demand sentiment weakened following weak economic data from the Euro-zone. According to a Reuters survey, supply from the OPEC fell by 450,000 … Continue reading →