Oil prices declined 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 84.13, following the EIA report showing an increase in oil stockpiles. The Energy Information Administration reported that crude oil inventories rose 1.3 million barrels … Continue reading →

Oil prices declined 0.38% against the USD for the 24 hour period ending 23:00GMT, closing at 84.91, as Federal Open Market Committee meeting minutes revealed that Federal Reserve officials were concerned that economic growth would not pick up till end … Continue reading →

Oil prices declined 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 85.23. In the Asian session, at GMT0300, Crude oil is trading at 85.07, 0.19% lower from yesterday’s close. Crude oil is expected to find … Continue reading →

Oil prices advanced 2.80% against the USD for the 24 hour period ending 23:00GMT, closing at 85.49, after the German and French leaders jointly pledged, over the weekend, to take concrete measures to contain the sovereign-debt crisis in Europe. Oil … Continue reading →

Oil prices advanced 0.93%, on Friday, for the 24 hour period ending 23:00GMT, closing at 82.90, on speculation that oil demand would increase, following the better than expected US jobs data. In the Asian session, at GMT0300, Crude oil is … Continue reading →

Oil prices advanced 3.09% against the USD for the 24 hour period ending 23:00GMT, closing at 82.14, over better than expected US jobs data. In the Asian session, at GMT0300, Crude oil is trading at 82.59, 0.55% higher from the … Continue reading →

Oil prices advanced 2.21% against the USD for the 24 hour period ending 23:00GMT, closing at 79.68, as a positive private sector payroll data in the US revived hopes for US economic recovery, while a weekly oil inventory report showed … Continue reading →

Oil prices advanced 2.02% against the USD for the 24 hour period ending 23:00GMT, closing at 77.96 after API report showed a decline in the crude oil inventories. Crude oil prices also gained, following the Federal Reserve Chairman, Ben S. … Continue reading →

Oil prices declined 2.43% against the USD for the 24 hour period ending 23:00GMT, closing at 76.42, as concerns that Greece might default on its debt outweighed positive US economic data on manufacturing, construction and new vehicle sales. In the … Continue reading →

Oil prices declined 5.02% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 78.67, over investors’ speculation that the oil demand would falter amid European debt concerns. Also, signs of slowing economic growth in China … Continue reading →

Oil prices advanced 3.52% against the USD for the 24 hour period ending 23:00GMT, closing at 82.83, after the German Parliament approved expanded European bailout fund, raising prospects for oil demand. At GMT 0300, Oil is trading at USD 82.61 … Continue reading →