Oil prices declined 0.53% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 93.34, on demand concerns. In the Asian session, at GMT0400, Crude Oil is trading at 92.59, 0.80% lower from Friday’s close. Crude … Continue reading →

Oil prices advanced 3.36% against the USD for the 24 hour period ending 23:00GMT, closing at 93.84, primed by a deal on Greek debt that investors speculated bodes well for resolving the eurozone crisis. In the Asian session, at GMT0300, … Continue reading →

Oil prices declined 1.74% against the USD for the 24 hour period ending 23:00GMT, closing at 90.79, after report showed a greater than expected rise in crude oil inventories. The Energy Information Administration reported that the crude supplies rose 4.7 … Continue reading →

Crude Oil Movement Oil prices advanced 0.77% against the USD for the 24 hour period ending 23:00GMT, closing at 92.40, extending its previous session gains, amid concerns over tight supply. Late Tuesday, the American Petroleum Institute reported that, in the … Continue reading →

Oil prices advanced 5.21% against the USD for the 24 hour period ending 23:00GMT, closing at 91.69, amid strong Chinese manufacturing data and investors’ hopes that European Officials would find a definite solution to stem the debt crisis in the … Continue reading →

Oil prices advanced 1.55% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 87.62, as investors’ optimism about the Eurozone debt crisis resolution grew, ahead of Eurozone Officials meeting on Sunday. In the Asian session, … Continue reading →

Oil prices advanced 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 86.28, after EIA report showed that crude oil inventories declined last week. In the Asian session, at GMT0300, Crude Oil is trading at 86.52, … Continue reading →

Oil prices declined 2.41% against the USD for the 24 hour period ending 23:00GMT, closing at 86.11. The Energy Information Administration reported that crude oil inventories dropped 4.70 million barrels in the week ended October 14. Gasoline inventories declined 3.30 … Continue reading →

Oil prices advanced 2.27% against the USD for the 24 hour period ending 23:00GMT, closing at 88.24, after API reported a decline in crude oil inventories. Late Tuesday, the American Petroleum Institute (API), reported that crude oil inventories fell 3.13 … Continue reading →

Oil prices declined 1.42% against the USD for the 24 hour period ending 23:00GMT, closing at 86.28, after Germany’s finance minister stated that an upcoming European Union summit would not produce a definitive resolution to the eurozone debt crisis. In … Continue reading →

Oil prices advanced 3.73% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 87.27, on optimism that European leaders would soon agree on ways to address the eurozone debt crisis. Additionally, strong US retails sales … Continue reading →