Oil prices advanced 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 90.81, amid encouraging US jobless claims data. In the Asian session, at GMT0300, Crude Oil is trading at 90.36, 0.50% lower from yesterday’s close. … Continue reading →

Oil prices declined 1.25% against the USD for the 24 hour period ending 23:00GMT, closing at 90.54, as increasing speculation that Greece may exit Euro-bloc raised expectations for weaker oil demand, while hopes of a deal between Iran and the … Continue reading →

Oil prices declined 1.33% against the USD for the 24 hour period ending 23:00GMT, closing at 91.69, as signs of deal between Iran and the UN nuclear watchdog eased worries about crude supplies and amid rise in the US crude … Continue reading →

Oil prices advanced 2.21% against the USD for the 24 hour period ending 23:00GMT, closing at 92.93, after Iran stated that it would not abandon its nuclear program and ahead of Wednesday’s discussions between Iranian officials and six world powers … Continue reading →

On Friday, Oil prices declined 1.72% against the USD for the 24 hour period ending 23:00GMT, closing at 91.07, amid demand concern. The American Petroleum Institute (API), in its monthly report, stated that total US oil demand through the first … Continue reading →

Oil prices declined 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 92.66, on demand concerns amid rising Euro-zone crises fear and after the US jobless claims remain unchanged at 370,000 in the week ended May … Continue reading →

Oil prices declined 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 92.87, amid rise in US crude oil inventories. The Energy Information Administration (EIA) reported the US crude oil inventories rose 2.13 million barrels for … Continue reading →

Oil prices declined 0.81% against the USD for the 24 hour period ending 23:00GMT, closing at 93.40, as more-than-expected rise in the US crude oil inventories and concerns over Greece’s exit from the Euro-zone weighed on the outlook for demand … Continue reading →

Oil prices declined 1.32% against the USD for the 24 hour period ending 23:00GMT, closing at 94.16, as mounting political uncertainty in Greece, raised global demand concern for commodity. Oil was further pressurized, after the Saudi Arabian Oil Minister, Ali … Continue reading →

On Friday, Oil prices declined 0.67% against the USD for the 24 hour period ending 23:00GMT, closing at 95.78, amid demand concerns following weak industrial production data from China, its second biggest consumer. Meanwhile, Saudi Arabia’s oil minister, Ali al-Naimi … Continue reading →

Oil prices rose marginally against the USD for the 24 hour period ending 23:00GMT, closing at 96.43. However, oil pared some of its gains, after Organization of the Petroleum Exporting Countries (OPEC), in its monthly report, stated that oil supplies … Continue reading →