Oil prices advanced 2.20% against the USD for the 24 hour period ending 23:00GMT, closing at 83.33. The Organization of the Petroleum Exporting Countries (OPEC), in its monthly report, stated that slowing global economy could increase the supply and demand … Continue reading →

Oil prices declined 5.60% against the USD for the 24 hour period ending 23:00GMT, closing at 81.54, amid demand concerns, as Euro-zone contagion fears continued to linger. Additionally, oil prices declined after Saudi Arabia, Oil Minister, Ali al-Naimi, stated that … Continue reading →

On Friday, Oil prices advanced 0.60% against the USD for the 24 hour period ending 23:00GMT, closing at 84.29. In the Asian session, at GMT0300, Crude Oil is trading at 85.97, 1.99% higher from Friday’s close, amid speculation that demand … Continue reading →

Oil prices declined 2.00% against the USD for the 24 hour period ending 23:00GMT, closing at 83.79, amid uncertainty about the fragile economic recovery in US after Federal Reserve Chairman, Ben Bernanke, gave no hint about more stimulus measures. In … Continue reading →

Oil prices advanced 1.54% against the USD for the 24 hour period ending 23:00GMT, closing at 85.50. The Energy Information Administration, in its weekly report, stated that crude oil inventories decreased by 100,000 barrels to 384.6 million barrels for the … Continue reading →

Oil prices advanced 0.06% against the USD for the 24 hour period ending 23:00GMT, closing at 84.20, on speculation that demand for oil might rise after the Institute for Supply Management (ISM) showed that the US service sector grew faster-than-expected … Continue reading →

Oil prices declined 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 86.49, amid demand concern following rise in the US jobless claims and crude oil inventories. The Energy Information Administration (EIA) reported that the US … Continue reading →

Oil prices declined 3.48% against the USD for the 24 hour period ending 23:00GMT, closing at 87.63, amid demand concern following escalating Euro-zone debt crises. Late yesterday, American Petroleum Institute (API) in its weekly report, stated that the US crude … Continue reading →

Oil prices declined 0.47% against the USD for the 24 hour period ending 23:00GMT, closing at 90.79, as fears that the Spanish economy is running under increasing financial strain dampened investor sentiment, fueling concerns that the Spanish economy, already deep … Continue reading →

Oil prices declined 0.11% against the USD for the 24 hour period ending 23:00GMT, closing at 91.22. In the Asian session, at GMT0300, Crude Oil is trading at 91.19, marginally lower from yesterday’s close. Crude oil is expected to find … Continue reading →

On Friday, Oil prices advanced 0.56% against the USD for the 24 hour period ending 23:00GMT, closing at 91.32, on stronger-than-expected US consumer sentiment data, as well as on a lack of progress in Iranian nuclear talks. A dispute between … Continue reading →