Oil prices advanced 2.24% against the USD for the 24 hour period ending 23:00GMT, closing at 101.48, as dollar weakened and after the release of latest inventory report from Department of Energy. The Energy Information Administration reported that the domestic … Continue reading →

Oil prices advanced 2.38% against the USD for the 24 hour period ending 23:00GMT, closing at 99.26, as Goldman Sachs Group Inc. and Morgan Stanley increased their price forecasts on crude oil on expectations of good demand. In the US, … Continue reading →

Oil prices declined 2.66% against the USD for the 24 hour period ending 23:00GMT, closing at 96.95, as Europe’s sovereign-debt problems resurfaced thus fueling investors concerns about the global economic recovery. At GMT 0300, Oil is trading at USD 98.30 … Continue reading →

Oil prices advanced 1.14% against the USD, on Friday, for the 24 hour period ending 23:00GMT, closing at 99.91, inching close to $100, as lower prices encouraged buyers back to the market. At GMT 0300, Oil is trading at USD … Continue reading →

Oil prices advanced 1.92% against the USD for the 24 hour period ending 23:00GMT, closing at 99.76, on EIA report of US oil inventories data. In the US, the Energy Information Administration reported that commercial crude oil inventories supplies fell … Continue reading →

Oil prices advanced 0.98% against the USD for the 24 hour period ending 23:00GMT, closing at 97.88, over weakened US dollar which encouraged buying in dollar-priced commodities The American Petroleum Institute reported that the inventories of crude oil rose 2.7 … Continue reading →

Oil prices declined 1.87% against the USD for the 24 hour period ending 23:00GMT, closing at 96.93, as efforts to control flooding in Louisiana curbed the speculation that the Mississippi River would flood refineries and disrupt fuel supplies . At … Continue reading →

Oil prices advanced 0.60% against the USD, on Friday, for the 24 hour period ending 23:00GMT. At GMT 0300, Oil is trading at USD 98.78 per barrel in the Asian session, 0.57% lower from 23:00GMT, after the arrest of the … Continue reading →

Oil prices declined 0.19% against the USD for the 24 hour period ending 23:00GMT, closing at 98.76, as the International Energy Agency trimmed demand for oil. The International Energy Agency on Thursday cut its forecast for crude oil demand for … Continue reading →

Oil prices declined 4.87% against the USD for the 24 hour period ending 23:00GMT, closing at 98.95, after an Energy Department report showed that US supplies surged and fuel demand slipped. The EIA reported that the US crude oil inventories … Continue reading →

Oil prices advanced 2.04% against the USD for the 24 hour period ending 23:00GMT, closing at 104.02, amid concerns that flooding of the Mississippi River would disrupt the fuel output. Late Tuesday, the American Petroleum Institute reported that the crude … Continue reading →