Oil prices declined 0.19% against the USD for the 24 hour period ending 23:00GMT, closing at 97.08. At GMT 0300, Oil is trading at USD 97.03 per barrel in the Asian session, marginally lower from 23:00GMT. The pair has its … Continue reading →

Oil prices declined 1.95% against the USD for the 24 hour period ending 23:00GMT, closing at 97.26, after the report showed an increase in crude oil inventories. In the US, the Energy Information Administration reported that oil inventories rose 2.3 … Continue reading →

Oil prices advanced 0.08% against the USD for the 24 hour period ending 23:00GMT, closing at 99.19. Late Tuesday, the American Petroleum Institute reported that the crude-oil inventories rose 3.96 million barrels on the week ended July 22. Gasoline stockpiles … Continue reading →

Oil prices declined marginally against the USD for the 24 hour period ending 23:00GMT, closing at 99.11, as the US lawmakers’ failure to reach an agreement on the country’s debt ceiling, raised concerns over the decline in energy demand. At … Continue reading →

Oil prices advanced 0.39% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.77. At GMT 0300, Oil is trading at USD 98.82 per barrel in the Asian session, 0.95% lower from 23:00GMT. The pair … Continue reading →

Oil prices advanced 0.75% against the USD for the 24 hour period ending 23:00GMT, closing at 99.38, amid news of a concrete action from European Union leaders on how to help Greece’s deal with its debt issues helped push oil … Continue reading →

Oil prices advanced 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 98.64, after the report showed that the US stockpiles declined more than expected. In the US, the Energy Information Administration reported that the oil … Continue reading →

Oil prices advanced 2.26% against the USD for the 24 hour period ending 23:00GMT, closing at 98.20, as strong US housing data bolstered hopes for the economic recovery and oil demand. Late Tuesday, the American Petroleum Institute reported that the … Continue reading →

Oil prices declined 1.58% against the USD for the 24 hour period ending 23:00GMT, closing at 96.03, as the greenback strengthened. Further, crude oil fell amid concerns that fuel demand may curb, following continuing concerns over debt crises in Europe … Continue reading →

Oil prices advanced 1.54% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 97.42, as the US debt concerns fuelled investors’ expectations for further decline in the greenback, providing a boost to commodities. At GMT … Continue reading →

Oil prices declined 2.14% against the USD for the 24 hour period ending 23:00GMT, closing at 95.94, after the Federal Reserve Chairman, Ben S. Bernanke stated that the Federal Reserve is not planning more bond-buying to stimulate economic growth. At … Continue reading →