Daily oil trading report from ODL Markets

Oil continues to trade at the $80 level as Bernanke soothed market fears that interest rates would follow the discount rate by being raised in the near future.As the Fed ...

Daily oil trading report from ODL Markets

Oil pulled back from the $80 level despite the API reporting that inventories dropped last week, which indicates larger demand.Crude inventories fell 3.1mn barrels last week, whilst analysts had expected ...

Crude oil prices trading steady on US oil stocks data

Oil prices rose in trading on Wednesday after the latest data from US API showed a larger than expected drawdown in US crude oil stocks, signalling rising crude oil demand.Analysts ...

Ecuador’s Pinto says OPEC oil output to remain unchanged

Ecuador’s minister for oil policy Germanico Pinto said Tuesday that world oil prices should stay in a range between $70 and $80 for 2010 and OPEC has no need to ...

IEA says winter cold weather is not boosting oil demand

In spite of a winter that has been colder than normal, heating oil demand in industrialised countries this quarter is down thirteen percent from last year, says the IEA.Conventional wisdom ...

UK hunts Falklands oil, South America not impressed

The UK presses on with Falkland Island oil exploration as South American countries seek a claim from the UN, this could get interesting…The UK have warned ownership of the Falklands ...

Brent oil price holding steady in busy trading session

Brent oil futures are trading slightly down on Tuesday, but are holding steady after five straight higher closes. In London, Brent crude oil was down around a dollar and just ...

ODL Markets review, oil trading platform

ODL Markets Review – Oil Trading PlatformODL Markets (ODL Securities Limited) is a leading, independent FOREX, derivatives, equity and commodity trading house. ODL Securities Limited is authorised and regulated by ...

Oil prices trading down two percent on stronger US dollar

Crude oil prices are trading around two percent down on Tuesday as the US dollar made gains and investors mulled whether weaker US crude oil demand justified a fifteen percent ...

Daily oil market report from ODL Markets

Oil’s two week rally consolidated in and around the $80 level as we now await to see if the run will continue, or will profits be taken off the table?The ...
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