On Friday, Oil prices advanced 0.88% against the USD for the 24 hour period ending 23:00GMT, closing at 90.08. In the Asian session, at GMT0300, Crude Oil is trading at 90.15, 0.08% higher from Friday’s close, on hopes that the … Continue reading →

Oil prices advanced 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 89.29, on speculation that the demand for oil might rise after better-than-expected US durable goods and jobless claims data eased concern over slowing economic … Continue reading →

Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 88.89, on fears that tensions in the Middle East could mount raising supply concerns. Investors remained cautious amid worries that Syria could resort to … Continue reading →

Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 88.03, amid supply worries triggered by turmoil in Syria. Late yesterday, the American Petroleum Institute (API) reported that the crude inventories rose 1.3 million … Continue reading →

Oil prices declined 3.92% against the USD for the 24 hour period ending 23:00GMT, closing at 87.95, amid speculation that demand for oil might fall following concerns over Euro-zone debt crisis and slowing Chinese economy. Investors await the oil inventory … Continue reading →

On Friday, Oil prices declined 0.60% against the USD for the 24 hour period ending 23:00GMT, closing at 91.54. The American Petroleum Institute (API), in its monthly report, stated that petroleum consumption in June declined 3% from a year ago … Continue reading →

Oil prices advanced 2.44% against the USD for the 24 hour period ending 23:00GMT, closing at 92.09, on renewed Middle East concern. Meanwhile, investors await American Petroleum Institute (API) monthly report due out in the day ahead. In the Asian … Continue reading →

Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 89.90. Yesterday, the Energy Information Administration (EIA) showed that the US crude oil inventories fell 809,000 barrels for the week ended July 13. Gasoline … Continue reading →

Oil prices advanced 0.99% against the USD for the 24 hour period ending 23:00GMT, closing at 88.96, amid drop in the US crude oil inventories. Late yesterday, the American Petroleum Institute (API) reported that the US crude oil inventories declined … Continue reading →

Oil prices advanced 0.96% against the USD for the 24 hour period ending 23:00GMT, closing at 88.09, amid hopes that demand for oil would rise following speculation that Federal Reserve Chairman, Ben Bernanke, could signal more stimulus this week to … Continue reading →

On Friday, Oil prices advanced 1.37% against the USD for the 24 hour period ending 23:00GMT, closing at 87.06, following news that the Obama administration had expanded sanctions on Iran. In the Asian session, at GMT0300, Crude Oil is trading … Continue reading →