Oil prices advanced 1.50% against the USD for the 24 hour period ending 23:00GMT, closing at 98.04, after the report showed that the US crude oil inventories declined more than expected. The Energy Information Administration (EIA) reported that the US … Continue reading →

Oil prices advanced 1.68% against the USD for the 24 hour period ending 23:00GMT, closing at 96.59, amid decline in the dollar. Late Tuesday, the American Petroleum Institute reported that the crude-oil inventories rose by 2.3 million barrels for the … Continue reading →

Oil prices fell 0.94% against the USD for the 24 hour period ending 23:00GMT, closing at 94.99, amid concerns over weakening demand due to Europe’s mounting debt crisis, while signs of weakening crude-oil demand emerged from China. Data from China … Continue reading →

Oil prices declined 2.54% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 96.39, as dismal US unemployment data in June disappointed investors and raised concerns over the demand for oil. In China, consumer price … Continue reading →

Oil prices advanced 1.67% against the USD for the 24 hour period ending 23:00GMT, closing at 98.90, buoyed by better-than-expected US jobs report data and drop in US crude supplies. The US Energy Information Administration indicated that US crude oil … Continue reading →

Oil prices advanced 0.25% against the USD for the 24 hour period ending 23:00GMT, closing at 97.28, after report showed that crude stockpiles declined in the US, signaling that fuel demand may rise in the US. Late Wednesday, the American … Continue reading →

Oil prices advanced 2.08% against the USD for the 24 hour period ending 23:00GMT, closing at 97.04, after the report indicated that new orders for US manufactured goods rose in May. Prices were further bolstered after Barclays Capital raised its … Continue reading →

Oil prices declined 0.13% against the USD for the 24 hour period ending 23:00GMT, closing at 95.06, amid profit booking. At GMT 0300, Oil is trading at USD 94.71 per barrel in the Asian session, 0.37% lower from 23:00GMT. The … Continue reading →

Oil prices declined 0.18% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 94.72. At GMT 0300, Oil is trading at USD 95.34 per barrel in the Asian session, 0.65% higher from 23:00GMT. The pair … Continue reading →

Oil prices declined 0.33% against the USD for the 24 hour period ending 23:00GMT, closing at 94.89, as investors booked profits from recent price rises as a result of easing concerns over Greece’s debt crisis and a weaker dollar. At … Continue reading →

Oil prices advanced 2.34% against the USD for the 24 hour period ending 23:00GMT, closing at 95.20, after the US inventories declined more than market expectations. The Energy Information Administration reported that the US crude oil inventories decreased by 4.40 … Continue reading →