Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 96.40, after reports showed rise in the US crude oil inventories. The Energy Information Administration (EIA) reported that crude inventories rose 3.7 million barrels … Continue reading →

Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 97.23, amid rise in the US crude oil inventories. Late yesterday, American Petroleum Institute (API) reported that crude oil inventories rose 7.8 million barrels … Continue reading →

Oil prices advanced 1.99% against the USD for the 24 hour period ending 23:00GMT, closing at 98.06. In the Asian session, at GMT0300, Crude Oil is trading at 97.79, 0.28% lower from yesterday’s close. Crude oil is expected to find … Continue reading →

  Oil prices declined 2.68% against the USD for the 24 hour period ending 23:00GMT, closing at 102.58, after European Central Bank (ECB) President, Mario Draghi refrained from pledging more liquidity-boosting measures and said the economic outlook in the region … Continue reading →

  Oil prices declined 0.43% against the USD for the 24 hour period ending 23:00GMT, closing at 105.40, as weak economic data in Europe and the US dampened demand outlook. Crude-oil further declined after US crude-oil inventories rose to their … Continue reading →

  Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 105.86, supported by positive manufacturing data from the US and China that lifted hopes of higher oil demand at the world’s top two … Continue reading →

  Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 104.83. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. In the Asian session, at GMT0300, … Continue reading →

  Oil prices advanced 0.61% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 104.65, as the US Dollar weakened after disappointing data on first-quarter US economic growth fuelling expectations for another round of easing … Continue reading →

  Oil prices advanced 0.05% against the USD for the 24 hour period ending 23:00GMT, closing at 104.02, as strong pending US home sales and a falling US dollar lifted sentiment for the black gold. In the Asian session, at … Continue reading →

  Oil prices advanced 0.27% against the USD for the 24 hour period ending 23:00GMT, closing at 103.97, after the Federal Open Market Committee stated that it expects US economic growth to remain moderate over the coming quarters and then … Continue reading →

  Oil prices advanced 0.52% against the USD for the 24 hour period ending 23:00GMT, closing at 103.69, after reports showed decline in US crude oil inventories. Late yesterday, the American Petroleum Institute reported that crude oil inventories fell 960,000 … Continue reading →