Oil prices declined 0.64% against the USD for the 24 hour period ending 23:00GMT, closing at 96.72, amid slowing oil demand in the US. In the Asian session, at GMT0400, Crude Oil is trading at 96.46, 0.27% lower from yesterday’s … Continue reading →

Oil prices declined 1.13% against the USD for the 24 hour period ending 23:00GMT, closing at 97.34, as a higher-than-expected surge in crude oil stock piles outweighed robust manufacturing data in China and the US. Yesterday, the Energy Information Administration … Continue reading →

Oil prices declined 0.52% against the USD for the 24 hour period ending 23:00GMT, closing at 98.45, amid demand concerns following the release of weak US home-price and consumer confidence data. Late Tuesday, the American Petroleum Institute reported that crude-oil … Continue reading →

Oil prices declined 0.68% against the USD for the 24 hour period ending 23:00GMT, closing at 98.96, as lingering European debt concerns raised speculation that global fuel demand may falter. OPEC’s Secretary General Abdalla El-Badri stated that the EU’s embargo … Continue reading →

  Oil prices declined 0.28% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.60, as poor US Gross Domestic Product data raised doubts about oil demand. In the Asian session, at GMT0400, Crude Oil … Continue reading →

Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 99.88, after the Iranian Parliament stated that they are finalising a draft bill to stop all oil trade with Europe raising concerns over supply. … Continue reading →

Oil prices advanced 0.68% against the USD for the 24 hour period ending 23:00GMT, closing at 99.86, after the Federal Reserve stated that it planned to keep interest rates low at least through late 2014, to boost the economic growth, … Continue reading →

Oil prices declined 0.72% against the USD for the 24 hour period ending 23:00GMT, closing at 99.19, after a report showed a sharp rise in last week’s US crude inventories. Late yesterday, the American Petroleum Institute (API) reported that crude-oil … Continue reading →

Oil prices advanced 1.88% against the USD for the 24 hour period ending 23:00GMT, closing at 99.91, amid supply concerns after European Union officials stated that diplomats agreed to place an embargo on Iran oil in a phased manner starting … Continue reading →

Oil prices declined 2.31% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 98.07. According to the American Petroleum Institute’s monthly report released on Friday, US petroleum demand in December was down 5.9% from December … Continue reading →

Oil prices declined 1.07% against the USD for the 24 hour period ending 24:00GMT, closing at 100.39, after a report on US oil stockpiles suggested weaker fuel demand globally. According to the Energy Department, US gasoline consumption fell 2.2% to … Continue reading →