Oil prices advanced 0.72% against the USD for the 24 hour period ending 23:00GMT, closing at 108.15, as dollar weakened. In the US, the American Petroleum Institute reported that the crude oil inventories rose by 667,000 barrels last week to … Continue reading →

Oil prices declined 1.66% against the USD for the 24 hour period ending 23:00GMT, closing at 107.38, amid a broad selloff, as Standard & Poor’s revised its long-term credit outlook for the United States to ‘Negative’ and Saudi Arabia trimmed … Continue reading →

Oil prices advanced 0.60% against the USD, on Friday for the 24 hour period ending 23:00GMT, closing at 109.19, after gaining support from the US macroeconomic data. On Sunday, Saudi Arabia’s oil minister reportedly stated that the nation cut its … Continue reading →

Oil prices advanced 1.12% against the USD for the 24 hour period ending 23:00GMT, closing at 108.54, as the dollar fell and events in Libya caused fears over supply. At GMT 0300, Oil is trading at USD 108.15 per barrel … Continue reading →

Oil prices advanced 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 107.34, as investors focused on upbeat US economic data and a sharp drop in gasoline inventories. The Energy Information Administration reported that US supplies … Continue reading →

Oil prices declined 2.78% against the USD for the 24 hour period ending 23:00GMT, closing at 105.96. In the US, the American Petroleum Institute reported that the domestic crude inventories rose by 1.2 million barrels last week. Gasoline stocks fell … Continue reading →

Oil prices declined 3.67% against the USD for the 24 hour period ending 23:00GMT, closing at 108.99, an African Union delegation arrived in Libya to broker a ceasefire between Muammar Gaddafi and rebel forces, increasing the chances that Libyan crude … Continue reading →

Oil prices advanced 2.53% against the USD, on Friday for the 24 hour period ending 23:00GMT, closing at 113.11, as investors worried about the Middle East protests and an oilfield fire in Libya. At GMT 0300, Oil is trading at … Continue reading →

Oil prices advanced 1.55% against the USD for the 24 hour period ending 23:00GMT, closing at 110.26, after the International Monetary Fund warned that demand is outpacing the growth of global supplies. Additionally, concerns over supply interruptions from the Middle … Continue reading →

Oil prices advanced 0.69% against the USD for the 24 hour period ending 23:00GMT, closing at 108.58, after the North Atlantic Treaty Organization (NATO) escalated its air campaign over Libya, raising concern that the conflict would spread to other energy-exporting … Continue reading →