Oil prices declined 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 102.35. Investors await the oil inventory reports later today and tomorrow to offer guidance to oil prices. At GMT 0400, Oil is trading at … Continue reading →

Oil prices declined 1.79% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 101.52, after Libya’s foreign minister stated that the country would abide by the UN Security Council resolution and impose an immediate cease … Continue reading →

Oil prices advanced 6.61% against the USD for the 24 hour period ending 23:00GMT, closing at 103.37, after the United Nations Security Council authorized military strikes on Libya, and as US and European officials stated that the air attacks against … Continue reading →

Oil prices declined 0.70% against the USD for the 24 hour period ending 23:00GMT, closing at 96.96. In the US, Energy Information Administration (EIA) reported that, crude oil inventories rose by 1.7 million barrels in the week ending on March … Continue reading →

Oil prices declined 3.70% against the USD for the 24 hour period ending 23:00GMT, closing at 97.64. In the US, API stated that crude-oil supplies rose by 91,000 barrels in the week ended March 11, less than market expectations. The … Continue reading →

Oil prices advanced 0.61% against the USD for the 24 hour period ending 23:00GMT, closing at 101.61, following concerns that instability in the Middle East may increase after Saudi Arabia sent its troops into Bahrain. Investors await the oil inventory … Continue reading →

Oil prices declined 1.98% against the USD on Friday for the 24 hour period ending 23:00GMT, closing at 100.58, after a massive earthquake and tsunami devastated northeastern Japan and threatened to send the world’s third-largest economy into recession. At GMT … Continue reading →

Oil prices declined 1.71% against the USD for the 24 hour period ending 23:00GMT, closing at 102.61, amid fall in the US stocks, strengthening dollar and trade deficit in China, raising concerns of a downfall in the energy demand. At … Continue reading →

Oil prices declined 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 104.40, on investors’ concern over the unrest in the Middle East and North Africa. The US Energy Information Administration reported that the crude supplies … Continue reading →

Oil prices declined 0.03% against the USD for the 24 hour period ending 23:00GMT, closing at 104.72, after Kuwait’s oil minister stated that OPEC is considering increase in production to help replace war-torn member Libya’s lost supplies. The American Petroleum … Continue reading →

Oil prices advanced 0.34% against the USD for the 24 hour period ending 23:00GMT, closing at 104.75, as fight in Libya continued thus keeping investors worried about the possibility of spreading of unrest to other key oil-producing countries in the … Continue reading →