Oil prices declined 1.31% against the USD for the 24 hour period ending 23:00GMT, closing at 98.05, on concerns Europe may slip into a recession, diminishing hopes that new governments in Italy and Greece would prevent the region’s debt crisis … Continue reading →

Oil prices advanced 1.64% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.05, as political developments in the Euro-zone raised investors’ risk appetite. Also, speculation that political concerns in the Middle East would worsen, … Continue reading →

Oil prices advanced 1.83% against the USD for the 24 hour period ending 23:00GMT, closing at 97.45, amid strong US jobs data. In the Asian session, at GMT0400, Crude Oil is trading at 98.06, 0.63% higher from yesterday’s close. Crude … Continue reading →

Oil prices declined 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 95.70, amid persisting doubts over the Euro-zone’s debt crisis. The Energy Information Administration reported that crude inventories declined 1.4 million barrels for the week … Continue reading →

Oil prices advanced 1.24% against the USD for the 24 hour period ending 23:00GMT, closing at 96.96, after OPEC revised its forecast for oil demand higher by 1.9 million barrels a day, to 92.9 million barrels by 2015. Also, concerns … Continue reading →

Oil prices advanced 1.28% against the USD for the 24 hour period ending 23:00GMT, closing at 95.77, as investors speculated that steps by European leaders to tame its debt crisis and shrinking crude supplies in the US indicated that fuel … Continue reading →

Oil prices advanced 0.48% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 94.48. In the Asian session, at GMT0400, Crude Oil is trading at 94.67, 0.20% higher from Friday’s close. Crude oil is expected … Continue reading →

Oil prices advanced 1.57% against the USD for the 24 hour period ending 23:00GMT, closing at 94.03, as the Greece ruling party revolted against the referendum and rate cut from the European Central Bank renewed hopes about the resolution of … Continue reading →

Oil prices advanced 1.65% against the USD for the 24 hour period ending 23:00GMT, closing at 92.58, over speculation that the European leaders would push Greece to accept their rescue plan. On Wednesday, the US Energy Information Administration (EIA) reported … Continue reading →

Oil prices declined 1.60% against the USD for the 24 hour period ending 23:00GMT, closing at 91.08, after proposal for a Greek referendum raised worries about the eurozone bailout package ability to contain the debt crisis. Late Tuesday, the American … Continue reading →

Oil prices declined 0.84% against the USD for the 24 hour period ending 23:00GMT, closing at 92.56. In the Asian session, at GMT0400, Crude Oil is trading at 92.30, 0.28% lower from yesterday’s close. Crude oil is expected to find … Continue reading →