Oil closes its worst monthly decline since December 2008

North American Commodity UpdateCommodities – EnergyOil Closes its Worst Monthly Decline Since December 2008 as Risk Appetite Retreats, the Dollar RalliesCrude Oil (LS NYMEX) -  $72.74  //  -$0.90 //  -1.22%It ...

Crude oil prices trading higher amid a stronger US dollar

Crude oil prices hovered around $74 a barrel in early trading on Friday, firm under pressure from a stronger US dollar (see Dollar Index), gleaning support as traders seized the ...

Brent crude oil price trading above $72 after US speech

Brent crude oil price rose above $72 a barrel in trading on Thursday, paring some of the previous day’s decline, after a speech by US President Barack Obama eased market ...

Oil traders betting a big oil price swing to come soon

Oil traders betting a big oil price swing to come soonSince October, the crude oil options market has appeared curiously calm. Oil prices have settled nicely between $70 and $80 ...

Light oil price trading near $74 on US growth forecast

US Light oil price was steady in trading near $74 on Friday as the recovery of the US economy and recent growth forecasts have yet to boost fuel demand and ...

IEA says crude oil demand has peaked in developed world

The IEA says that crude oil demand has peaked in the developed world and will never return to 2006 and 2007 levels because of more fuel efficiency and the use ...

China’s NDRC sees crude oil prices trading average $80 in 2010

China’s state economic planning agency (NDRC) sees global crude oil prices trading average of around $80 a barrel for 2010, up from 2009, the official Xinhua news agency said, a ...

US Light oil price trading around $74 after Obama speech

US Light oil price rose toward $74 a barrel in trading on Thursday, rebounding from six week lows, after US President Barack Obama’s speech (State of the Union address) and ...

Brent oil price trading near $72, finds support level

ICE Brent crude oil futures hovered around $72 – $73 a barrel range in trading on Wednesday after data from the US American Petroleum Institute showed an unexpected drop in ...

Morgan Stanley forecast oil prices trading at $110 in 2010

A Morgan Stanley report which, under its base forecast, said oil prices would end 2010 trading at $95 a barrel, $100 in 2011 and $105 in 2012. In a bull ...
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