Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 101.48. Late yesterday, the American Petroleum Institute (API) reported that crude-oil inventories, for the week ended January 13, retreated 4.8 million barrels. Meanwhile, gasoline … Continue reading →

Oil prices advanced 1.49% against the USD for the 24 hour period ending 23:00GMT, closing at 101.13, buoyed by positive US and Chinese economic data and as Saudi Arabia indicated that it is likely to keep prices high at around … Continue reading →

Oil prices advanced 0.87% against the USD for the 24 hour period ending 23:00GMT, closing at 99.65, amid supply concerns, as tension between Iran and Saudi Arabia grew, after the former warned its Gulf Arab neighbours not to make up … Continue reading →

Oil prices declined 0.48% against the USD for the 24 hour period ending 23:00GMT, closing at 98.79 on Friday, as investors fled the commodity for the safe haven dollar on reports that Standard & Poor’s downgraded France. In the Asian … Continue reading →

Oil prices declined 1.68% against the USD for the 24 hour period ending 23:00GMT, closing at 99.27, on weak US economic data and a broadly lower US dollar. In the Asian session, at GMT0400, Crude Oil is trading at 99.67, … Continue reading →

Oil prices declined 1.16% against the USD for the 24 hour period ending 23:00GMT, closing at 100.97, amid renewed concerns over the economic slowdown in European economies and following a surge in US oil stock piles. Yesterday, the Energy Information … Continue reading →

Oil prices advanced 0.83% against the USD for the 24 hour period ending 23:00GMT, closing at USD102.16, after tensions in Iran raised concerns about crude oil supplies. Late yesterday, the American Petroleum Institute reported that reported that crude-oil inventories rose … Continue reading →

  Oil prices declined 0.50% against the USD for the 24 hour period ending 23:00GMT, closing at 101.32, after reports showed that German industrial production declined and as concerns eased that Iran would block crude shipments from the Persian Gulf. … Continue reading →

  Oil prices advanced 0.27% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 101.75. In the Asian session, at GMT0400, Crude Oil is trading at 101.02, 0.72% lower from Friday’s close. Crude oil is … Continue reading →

  Oil prices declined 1.69% against the USD for the 24 hour period ending 23:00GMT, closing at 101.48, after reports showed an increase in crude oil inventories. The Energy Information Administration reported that crude-oil supplies rose 2.2 million barrels in … Continue reading →

  Oil prices advanced 0.17% against the USD for the 24 hour period ending 23:00GMT, closing at 103.22, as decline in crude oil inventories and continued tension over Iran’s nuclear program, raised concerns about the crude oil supply. Late Wednesday, … Continue reading →