Oil prices declined 1.26% against the USD for the 24 hour period ending 23:00GMT, closing at 106.39, after Saudi Arabia, the world’s largest oil exporter, stated that the nation would ensure adequate global supplies of crude oil to stabilize the … Continue reading →

Oil prices advanced 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 107.75, amid supply concerns after investors speculated that the risk of military conflict between Tehran and the West was rising. In the Asian session, … Continue reading →

Oil prices advanced 1.65% against the USD for the 24 hour period ending 23:00GMT on Friday, closing at 107.20, after reports showed that Saudi Arabian crude output rose to the strongest level since 1980. Saudi Arabia, the largest producer in … Continue reading →

\ Oil prices declined 0.21% against the USD for the 24 hour period ending 23:00GMT, closing at 105.46, amid news that the US and the UK would release oil from their existing stockpiles, including the US Strategic Petroleum Reserve (SPR), … Continue reading →

Oil prices declined 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 105.68, amid more-than-expected rise in the US crude oil inventories and as the US Dollar strengthened. Early yesterday, oil rose after US President, Barack … Continue reading →

Oil prices advanced 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 106.81, amid signs that the US economy is strengthening after data showed the nation’s retail sales rose the most in five months in February. … Continue reading →

Oil prices declined 0.58% against the USD for the 24 hour period ending 23:00GMT, closing at 106.57, after world’s second-largest crude consumer, China, reported its biggest monthly trade deficit in at least 22 years for February, indicating further slowdown in … Continue reading →

Oil prices advanced 0.62% against the USD for the 24 hour period ending 23:00GMT on Friday, closing at 107.51, on the speculation that demand for crude oil would increase after more-than-expected rise in the US payroll data for February and … Continue reading →

Oil prices advanced 0.65% against the USD for the 24 hour period ending 23:00GMT, closing at 106.85, on speculation that fuel demand would increase as Greece moves closer to completing a debt swap to ease Europe’s crisis and on strong … Continue reading →

Oil prices advanced 1.12% against the USD for the 24 hour period ending 23:00GMT, closing at 106.16, on optimism over Greece debt deal and positive jobs data from the US. Ongoing tensions in the Middle East also continued to support … Continue reading →

Oil prices declined 2.00% against the USD for the 24 hour period ending 23:00GMT, closing at 104.98, amid easing political tensions in the Middle East, after the European Union offered to restart negotiations with Iran over its nuclear program and … Continue reading →