Oil prices advanced 1.78% against the USD for the 24 hour period ending 23:00GMT, closing at 93.02. Late Tuesday, the American Petroleum Institute reported that crude oil inventories declined 2.7 million barrels in the week ended June 24. Gasoline supplies … Continue reading →

Oil prices advanced 0.65% against the USD for the 24 hour period ending 23:00GMT, closing at 91.39. Gains in oil prices were however limited, amid easing supply concerns and lingering fears of a financial default by Greece that may hit … Continue reading →

Oil prices declined 0.73% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 91.19, on concerns that the slowing US economic growth would reduce the demand for oil. At GMT 0300, Oil is trading at … Continue reading →

Oil prices advanced 0.52% against the USD for the 24 hour period ending 23:00GMT, closing at 94.16, after a report showed decline in the crude oil inventories. In the US, the Energy Information Administration (EIA) reported that commercial crude oil … Continue reading →

Oil prices advanced 0.42% against the USD for the 24 hour period ending 23:00GMT, closing at 93.43, as some relative optimism over Greece’s debt-situation and a weaker dollar helped support prices. Investors continued to monitor the euro-zone’s sovereign-debt situation and … Continue reading →

Oil prices declined 2.33% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 93.05, over speculation that the Greece debt crisis and slowing of global economic recovery would lead to a decline in global oil … Continue reading →

Oil prices declined 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 95.27, amid uncertainty surrounding the European debt crisis and after report showing a manufacturing slowdown in the Philadelphia area. The IEA, in its monthly … Continue reading →

Oil prices declined 4.09% against the USD for the 24 hour period ending 23:00GMT, closing at 95.46, amid fears that Greece’s debt crisis would reduce the demand. In the US, the Energy Information Administration reported that the domestic crude inventories … Continue reading →

Oil prices advanced 2.74% against the USD for the 24 hour period ending 23:00GMT, closing at 99.53. Late yesterday, the American Petroleum Institute reported that crude-oil inventories declined 3 million barrels in the week ended June 10. Gasoline stockpiles rose … Continue reading →

Oil prices declined 1.95% against the USD for the 24 hour period ending 23:00GMT, closing at 96.88, as investors continued to doubt the global economic recovery, raising speculation that fuel demand may falter. At GMT 0300, Oil is trading at … Continue reading →

Oil prices declined 2.75% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 98.93, as a Saudi newspaper reported that Saudi oil officials had decided to increase production to 10 million barrels a day in … Continue reading →