Oil prices declined 0.22% against the USD for the 24 hour period ending 23:00GMT, closing at 85.88, after the International Energy Agency (IEA) stated that global economic slowdown could pressurize oil prices. Additionally, the agency kept its estimate of global … Continue reading →

Oil prices advanced 2.27% against the USD for the 24 hour period ending 23:00GMT, closing at 86.07, after a report showed that US crude supplies fell for a second week, suggesting demand may be improving. The Energy Information Administration (EIA) … Continue reading →

Oil prices declined 1.27% against the USD for the 24 hour period ending 23:00GMT, closing at 84.16, on easing supply concerns as Norway ended an energy strike that threatened to halt production by Europe’s largest crude exporter. Late yesterday, the … Continue reading →

Oil prices advanced 1.00% against the USD for the 24 hour period ending 23:00GMT, closing at 85.24. In the Asian session, at GMT0300, crude oil is trading at 84.76, 0.56% lower from yesterday’s close, as weak Chinese import data stoked … Continue reading →

On Friday, Oil prices declined 2.92% against the USD for the 24 hour period ending 23:00GMT, closing at 84.21, amid demand concern following disappointing US jobs growth data. In the Asian session, at GMT0300, Crude Oil is trading at 84.93, … Continue reading →

Oil prices declined 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 86.74, as latest stimulus by central banks in Europe and China failed to reduce investor concerns over future oil demand, although supply worries stemming … Continue reading →

Oil prices declined 1.05% against the USD for the 24 hour period ending 23:00GMT, closing at 86.82, amid profit booking. Meanwhile, Norway’s Oil Industry Association stated that it is willing to negotiate to end a 10-day strike with labor as … Continue reading →

Oil prices advanced 4.84% against the USD for the 24 hour period ending 23:00GMT, closing at 87.74, on rising Middle East concerns and amid speculation that global central banks would give greater consideration to stimulate the economy via easing measures. … Continue reading →

Oil prices declined 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 83.69, amid demand concern following weak manufacturing data from China, Europe, and the US. Investors await the oil inventory reports later today and tomorrow … Continue reading →

On Friday, Oil prices advanced 8.34% against the USD for the 24 hour period ending 23:00GMT, closing at 84.82, amid speculation that demand for oil would rise as European leaders agreed to create a single supervisory body for Euro-zone banks … Continue reading →

Oil prices declined 2.71% against the USD for the 24 hour period ending 23:00GMT, closing at 78.29. In the Asian session, at GMT0300, Crude Oil is trading at 79.28, 1.26% higher from yesterday’s close, after European leaders agreed on steps … Continue reading →