Oil prices declined 1.93% against the USD for the 24 hour period ending 23:00GMT, closing at 102.04, amid report showing a higher-than-expected rise in the US oil inventories. The Energy Information Administration reported an increase in crude stockpiles by 9 … Continue reading →

Oil prices declined 0.82% against the USD for the 24 hour period ending 23:00GMT, closing at 104.05, after the Federal Reserve indicated in its meeting minutes that it sees no need for new monetary easing, however remains concerned about the … Continue reading →

Oil prices advanced 1.37% against the USD for the 24 hour period ending 23:00GMT, closing at 104.91, on upbeat manufacturing data from the US, the world’s largest oil consumers. In the Asian session, at GMT0300, Crude Oil is trading at … Continue reading →

On Friday, Oil prices advanced 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 103.49, as ongoing tensions in the Middle East added to concerns over supply disruption from the key oil-producing region. The President Barack … Continue reading →

Oil prices declined 1.13% against the USD for the 24 hour period ending 23:00GMT, closing at 105.48, amid rise in the US crude oil inventories. The Energy Information Administration reported that the US crude oil inventories rose by 7.10 million … Continue reading →

Oil prices declined 0.14% against the USD for the 24 hour period ending 23:00GMT, closing at 106.88, after reports showed rise in the US crude oil stocks. Late yesterday, the American Petroleum Institute reported that the US crude oil inventories … Continue reading →

Oil prices advanced 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 107.03, on speculation that demand for fuel would rise after Federal Reserve Chairman Ben Bernanke signaled that interest rates would be kept low enough … Continue reading →

On Friday, Oil prices advanced 1.11% against the USD for the 24 hour period ending 23:00GMT, closing at 106.81, on continued supply concern. Oil fell during the intraday session after the International Energy Agency assured that Saudi Arabia stood ready … Continue reading →

Oil prices declined 1.17% against the USD for the 24 hour period ending 23:00GMT, closing at 105.64, as concern over global fuel demand increased, following weak manufacturing data from China and Euro-zone. In the Asian session, at GMT0400, Crude Oil … Continue reading →

Oil prices advanced 0.47% against the USD for the 24 hour period ending 23:00GMT, closing at 106.89, after an unexpected drop in the US crude oil inventories and amid continues tensions between Iran and the West. During the day, oil … Continue reading →