On Friday, Oil prices advanced 1.21% against the USD for the 24 hour period ending 23:00GMT, closing at 103.53, supported by lingering geopolitical concerns and rising optimism over the resolution of the Greek debt. On Friday, in its monthly report, … Continue reading →

Oil prices advanced 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at102.29, on concern that the dispute with Iran over its nuclear program may lead to a disruption in oil exports from the Persian Gulf region. … Continue reading →

Oil prices advanced 0.93% against the USD for the 24 hour period ending 23:00GMT, closing at 101.88, after Iran’s Press TV reported that Iran has stopped oil exports to six European states in retaliation for the European Union sanctions imposed … Continue reading →

Oil prices advanced 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at100.94, amid supply concerns in the Middle East sparked by tensions over Iran and disruptions in Southern Sudan. Late Tuesday, American Petroleum Institute reported that … Continue reading →

Oil prices advanced 1.15% against the USD for the 24 hour period ending 23:00GMT, closing at 100.54, on concerns over oil supplies amid tensions in the Middle East. Investors await the oil inventory reports later today and tomorrow to offer … Continue reading →

Oil prices declined 0.78% against the USD for the 24 hour period ending 23:00GMT on Friday, closing at 98.95, after the International Energy Agency (IEA) cut its 2012 estimate for global oil demand to 0.8 million barrels a day, against … Continue reading →

Oil prices advanced 0.89% against the USD for the 24 hour period ending 23:00GMT, closing at 99.73, as freezing temperature in Europe, supply concerns from Middle East and rising violence in Syria provided support to oil prices, shrugging off a … Continue reading →

Oil prices advanced 0.10% against the USD for the 24 hour period ending 23:00GMT, closing at 98.85. Yesterday, the Energy Information Administration reported that in the week ended February 3, crude oil inventories climbed 300,000 barrels. Gasoline stocks rose 1.60 … Continue reading →

Oil prices advanced 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 98.75, on the back of concerns surrounding Iran and Nigeria and drop in crude oil inventories. Late Tuesday, American Petroleum Institute reported crude inventories … Continue reading →

Oil prices declined 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 97.17, on speculation that stock piles might increase in the US and amid concerns that Greece would fail to take sufficient steps to avert … Continue reading →

On Friday, Oil prices advanced 1.05% against the USD for the 24 hour period ending 23:00GMT, closing at 97.74, after upbeat US economic data boosted investor confidence in the US economic recovery. Moreover, oil prices remain supported by growing tensions … Continue reading →