Oil prices advanced 1.16% against the USD for the 24 hour period ending 23:00GMT, closing at 80.47, amid favorable macroeconomic data from the US and following fall in the US crude oil inventories. The Energy Information Administration (EIA) reported that … Continue reading →

Oil prices advanced 0.34% against the USD for the 24 hour period ending 23:00GMT, closing at 79.55, as a strike by oil workers in Norway tightened North Sea supplies, resulting in production cut of 150,000 barrels per day. Late yesterday, … Continue reading →

Oil prices declined 0.96% against the USD for the 24 hour period ending 23:00GMT, closing at 79.28, amid continued concern that Europe’s debt crisis would curb demand for crude oil. Investors await the oil inventory reports later today and tomorrow … Continue reading →

On Friday, Oil prices advanced 2.31% against the USD for the 24 hour period ending 23:00GMT, closing at 80.17, as bargain hunters rebounded after a steep fall in oil prices in the earlier session. The American Petroleum Institute, in its … Continue reading →

Oil prices declined 3.14% against the USD for the 24 hour period ending 23:00GMT, closing at 78.36, on speculation that demand for crude oil would curb following weak economic data around the globe. In the Asian session, at GMT0300, Crude … Continue reading →

Oil prices declined 3.60% against the USD for the 24 hour period ending 23:00GMT, closing at 80.90, amid demand concern from the US, its biggest consumer, after Federal Reserve cut its estimates for 2012 growth. Oil prices also came under … Continue reading →

Oil prices advanced 1.03% against the USD for the 24 hour period ending 23:00GMT, closing at 83.97. Late yesterday, the American Petroleum Institute (API) stated that the US crude stocks fell 550,000 barrels for the week ended June 15. Distillate … Continue reading →

Oil prices declined 2.04% against the USD for the 24 hour period ending 23:00GMT, closing at 83.11, amid fears that rising yields on Spanish and Italian bond would crimp fuel demand. Investors await the oil inventory reports later today and … Continue reading →

On Friday, Oil prices declined 0.50% against the USD for the 24 hour period ending 23:00GMT, closing at 83.99. In the Asian session, at GMT0300, Crude Oil is trading at 84.85, 1.02% higher from Friday’s close, after Greece’s pro-austerity parties … Continue reading →

Oil prices advanced 2.27% against the USD for the 24 hour period ending 23:00GMT, closing at 84.41, after Organization of Petroleum Exporting Countries (OPEC) agreed to keep its collective oil output ceiling unchanged for the second half 2012 at 30 … Continue reading →

Oil prices declined 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 82.54. Yesterday, the International Energy Agency (IEA) forecasted growth in 2012 oil demand to remain flat at 0.8 million barrels per day. Separately, the … Continue reading →