Oil prices declined 0.20% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 85.37, as US consumer sentiment index fell sharply in August and as Euro zone industrial production dropped unexpectedly in June, raising concerns … Continue reading →

Oil prices rose 5.11% against the USD for the 24 hour period ending 23:00GMT, closing at 85.54, as a surprise drop in US jobless claims eased concern that the US economy is slowing. At GMT 0300, Oil is trading at … Continue reading →

Oil prices declined 0.36% against the USD for the 24 hour period ending 23:00GMT, closing at 81.38, as concerns over the European sovereign debt crisis overshadowed the report of decline in crude stockpiles. The US Energy Information Administration indicated that … Continue reading →

Oil prices advanced 1.31% against the USD for the 24 hour period ending 23:00GMT, closing at 81.67, after the American Petroleum Institute (API) data showed an unexpected drop in US crude stockpiles. Late Tuesday, the API indicated that crude-oil supplies … Continue reading →

Oil prices declined 4.50% against the USD for the 24 hour period ending 23:00GMT, closing at 80.61, on demand concerns. At GMT 0300, Oil is trading at USD77.46 per barrel in the Asian session, 3.91% lower from 23:00GMT. The pair … Continue reading →

Oil prices advanced 1.00% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 87.21, amid better than expected US jobs data. At GMT 0300, Oil is trading at USD83.94 per barrel in the Asian session, … Continue reading →

Oil prices declined 6.33% against the USD for the 24 hour period ending 23:00GMT, closing at 86.35, amid concerns over US economic recovery and European debt crisis. A strong dollar also weighed down the oil prices. At GMT 0300, Oil … Continue reading →

Oil prices declined 1.07% against the USD for the 24 hour period ending 23:00GMT, closing at 92.19, as increase in oil inventories fed concerns over prospects for oil demand. In the US, the Energy Information Administration (EIA) reported that oil … Continue reading →

Oil prices declined 2.18% against the USD for the 24 hour period ending 23:00GMT, closing at 93.19, as release of poor US consumer spending data, raised concerns over the fuel demand. Late Tuesday, the American Petroleum Institute reported that crude-oil … Continue reading →

Oil prices declined 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 95.27, after a report showed that the US manufacturing index fell more than expected in July. At GMT 0300, Oil is trading at USD … Continue reading →

Oil prices declined 1.27% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 95.85, after report showed that the US economy grew less than expected in the second quarter. At GMT 0300, Oil is trading … Continue reading →