Oil prices declined 5.26% against the USD for the 24 hour period ending 23:00GMT, closing at 94.83, amid a strong dollar and after the Organisation of Petroleum Exporting Countries (OPEC) decided to raise its production ceiling to 30 million barrels … Continue reading →

Oil prices advanced 2.33% against the USD for the 24 hour period ending 23:00GMT, closing at 100.10, amid concerns over supply disruption following reports that Iran could hold military drills next to a key oil-shipping channel. Late Tuesday, the American … Continue reading →

Oil prices declined 1.69% against the USD for the 24 hour period ending 23:00GMT, closing at 97.82, on concern over the European debt crisis and as Moody’s Investors Service stated that it would review ratings for countries in the region. … Continue reading →

Oil prices advanced 1.67% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.69, after European leaders, on Friday, agreed to boost the region’s rescue fund and tighten budget rules. In the Asian session, at … Continue reading →

Oil prices declined 2.64% against the USD for the 24 hour period ending 23:00GMT, closing at 98.05, as the greenback strengthened and after ECB President, Mario Draghi signalled not to increase bond purchase programme to tame Euro-zone’s sovereign debt crisis. … Continue reading →

Oil prices declined 0.50% against the USD for the 24 hour period ending 23:00GMT, closing at 100.71, as investors’ turned pessimistic over the Euro-zone leaders’ summit ahead this week and a surprise rise in the crude oil inventories. The Energy … Continue reading →

Oil prices advanced 0.62% against the USD for the 24 hour period ending 23:00GMT, closing at 101.22, after European Union indicated that it may ban imports of Iranian crude. Also, a decline in the US stockpiles further added to the … Continue reading →

Oil prices declined 0.85% against the USD for the 24 hour period ending 23:00GMT, closing at 100.60, after reports that Standard & Poor’s has warned six European nations about their triple-A ratings downgrade, raised concerns that the global fuel demand … Continue reading →

Oil prices advanced 0.99% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 101.07, after a report showed a sharp decline in the US unemployment rate, raising optimism over the country’s economic recovery. Deepening tensions … Continue reading →

Oil prices declined 0.43% against the USD for the 24 hour period ending 23:00GMT, closing at 100.08, as signs of further economic slowdown in Europe outweighed better-than-expected US manufacturing data. In the Asian session, at GMT0400, Crude Oil is trading … Continue reading →

Oil prices advanced 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 100.51, after the Federal Reserve along with five other central banks made additional funds available to ease worries from European debt crisis, renewed hopes … Continue reading →