Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 101.73, as OPEC on Wednesday decided to keep oil supplies unchanged. Further, oil climbed after the US trade deficit unexpectedly narrowed in April. At … Continue reading →

Oil prices advanced 1.41% against the USD for the 24 hour period ending 23:00GMT, closing at 101.09, as OPEC failed to reach an agreement on production targets and as US crude inventories declined more than expected. In the US, the … Continue reading →

Oil prices advanced 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 99.68. The Organization of Petroleum Exporting Countries ministers are expected to increase production quotas at their meeting in Vienna, today. Late yesterday, the American … Continue reading →

Oil prices declined 1.67% against the USD for the 24 hour period ending 23:00GMT, closing at 98.74, on speculation that OPEC is likely to increase the output. At GMT 0300, Oil is trading at USD 98.48 per barrel in the … Continue reading →

Oil prices declined 0.08% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 100.59. At GMT 0300, Oil is trading at USD 100.06 per barrel in the Asian session, 0.53% lower from 23:00GMT. The pair … Continue reading →

Oil prices advanced 0.80% against the USD for the 24 hour period ending 23:00GMT, closing at 100.67. In the US, the Energy Information Administration reported that the commercial crude oil inventories increased by 2.90 million barrels to 373.80 million barrels … Continue reading →

Oil prices declined 3.06% against the USD for the 24 hour period ending 23:00GMT, closing at 99.87, after disappointing readings on US manufacturing and employment data and rise in the US crude oil supplies raised concerns over oil demand. Late … Continue reading →

Oil prices advanced 2.72% against the USD for the 24 hour period ending 23:00GMT, closing at 103.02, lifted by the closure of a pipeline carrying Canadian oil to the United States and a decline in the dollar on new hopes … Continue reading →

Oil prices declined 0.27% against the USD for the 24 hour period ending 23:00GMT, closing at 100.29, on speculation that fuel demand would falter amid a slowdown in the US economic recovery and Europe’s continuing debt crisis. Investors await the … Continue reading →

Oil prices advanced 0.45% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 100.74, as heightened concerns about developments in the Middle East and North Africa raised fears about supply restrictions and spurred prices above … Continue reading →

Oil prices declined 1.34% against the USD for the 24 hour period ending 23:00GMT, closing at 100.12, on less than expected US economic growth which raised concerns about oil demand. At GMT 0300, Oil is trading at USD 100.63 per … Continue reading →