Oil prices advanced 2.75% against the USD for the 24 hour period ending 23:00GMT, closing at 87.67, after an unexpected surge in consumer spending in July signalled that the US economy was not falling into recession, reducing fuel demand concerns. … Continue reading →

Oil prices advanced 0.25% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 85.53, after the US Federal Reserve Chairman Ben Bernanke gave a more optimistic view about the US economy and deferred all talk … Continue reading →

Oil prices rose 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 85.31, on hopes that Federal Reserve Chairman, Ben S. Bernanke would announce more stimulus and as hurricane Irene threatened to shut refineries on the … Continue reading →

Oil prices declined 0.13% against the USD for the 24 hour period ending 23:00GMT, closing at 85.48. The US Energy Information Administration (EIA) reported that crude oil inventories declined by 2.2 million barrels for the week ended August 19. Gasoline … Continue reading →

Oil prices advanced 1.79% against the USD for the 24 hour period ending 23:00GMT, closing at 85.64, after a report showed a decline in the crude stockpiles. Crude-oil also rallied, extending their gains to a second session on a triple-digit … Continue reading →

Oil prices advanced 2.96% against the USD for the 24 hour period ending 23:00GMT, closing at 84.13. At GMT 0300, Oil is trading at USD 84.95 per barrel in the Asian session, 0.97% higher from 23:00GMT, extending gains seen in … Continue reading →

Oil prices advanced 1.48% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 82.74. At GMT 0300, Oil is trading at USD 82.67 per barrel in the Asian session, 0.08% lower from Friday’s close at … Continue reading →

Oil prices declined 6.76% against the USD for the 24 hour period ending 23:00GMT, closing at 81.53, as Morgan Stanley cut its forecast for global growth in 2011 yesterday, raising concerns about the oil demand. Global investment bank Morgan Stanley, … Continue reading →

Oil prices advanced 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 87.44, as a government report of a sharp drop in gasoline stockpiles provided enough lift to offset a rise in crude inventories and concerns … Continue reading →

Oil prices declined 0.37% against the USD for the 24 hour period ending 23:00GMT, closing at 87.18, as concerns over global economic growth and a stronger dollar tempered risk appetite for risky assets. Crude oil prices fell on Tuesday, after … Continue reading →

Oil prices advanced 2.39% against the USD for the 24 hour period ending 23:00GMT, closing at 87.50. At GMT 0300, Oil is trading at USD 87.47per barrel in the Asian session, flat from 23:00GMT. The pair has its first resistance … Continue reading →