Oil prices weakened 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 107.84, pressured by an interest rate hike in China though concerns over Middle East and Libya and potential supply disruptions limited losses. The American … Continue reading →

Oil prices advanced 0.04% against the USD for the 24 hour period ending 23:00GMT, closing at 108.33, as unrest in the Middle East and North Africa kept investors worried over the supply concerns. At GMT 0300, Oil is trading at … Continue reading →

On Friday, Oil prices advanced 1.27% against the USD for the 24 hour period ending 23:00GMT, closing at 108.26, after the release of better than expected US jobs data and as Libyan leader Muammar Qaddafi’s forces regained ground against rebels. … Continue reading →

Oil prices advanced 2.45% against the USD for the 24 hour period ending 23:00GMT, closing at 106.90, after Libyan leader Muammar Gaddafi’s troops retook the control of the oil producing towns of Ras Lanuf and Brega from the rebels in … Continue reading →

Oil prices declined 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 104.22, after a US government report showed sharp crude stocks rise. The Energy Information Administration, reported that the US crude oil inventories increased by … Continue reading →

Oil prices advanced 0.53% against the USD for the 24 hour period ending 23:00GMT, closing at 104.41, lifted by doubts over the resumption of Libyan crude exports and as US stock market rallied. Late yesterday, the American Petroleum Institute reported … Continue reading →

Oil prices declined 1.48% against the USD for the 24 hour period ending 23:00GMT, closing at 103.86, after Libyan rebels advanced against Muammar Qaddafi’s troops, bolstering speculation the conflict in Africa’s third-largest crude producer may be resolved soon. Investors await … Continue reading →

Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 105.55, amid concerns over oil supply following the ongoing civil war in Libya and political unrest in Middle East regions. At GMT 0300, Oil … Continue reading →

Oil prices advanced 0.02% against the USD for the 24 hour period ending 23:00GMT, closing at 105.46. At GMT 0400, Oil is trading at USD 105.60 per barrel in the Asian session, 0.13% higher from 23:00GMT. The pair has its … Continue reading →

Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 105.44, as fight in Libya and antigovernment protests in the Middle East rose supply concerns. The Energy Information Administration reported that inventories of crude … Continue reading →

Oil prices advanced 2.37% against the USD for the 24 hour period ending 23:00GMT, closing at 104.78, as investors monitored developments in the Middle East. The American Petroleum Institute reported that crude oil supplies in the US rose 970,000 barrels … Continue reading →