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Brent oil prices are trading a steady path around the $80 mark on Thursday amid growing concerns regarding the UK and EU economic recovery plans for 2010.
“We have actually become more worried about the outlook for the global economy,” London-based Capital Economics said in a report. “The boost from policy stimulus will soon fade. The [...]
Brent crude oil futures are trading lower in Asia on Wednesday with support around the $80 mark, prices were $79.93 a barrel on the London based ICE Futures Exchange this morning. Yesterday Brent crude dropped 0.7 percent, to settle at $79.91 a barrel.
“Growth of oil demand from developing countries should be the key to recovery [...]
ICE Brent oil price rose above $80 a barrel in trading on Monday in Asia, extending gains from Friday amid a weaker US dollar and signs the global economy may be improving. In London, Brent crude oil futures are up 48 cents at $80.37 on the ICE Futures Exchange.
The US dollar fell on Monday as [...]
Brent oil prices are trading higher near the $80 mark in Asia on Friday as the latest US data pleases the market and a report that OPEC member countries will cut oil shipments later in March.
Brent crude oil futures for April delivery rose as much as 64 cents to $79.18 a barrel on the London [...]
Brent oil prices are trading near the $80 mark on Thursday as Greece’s latest budget balancing pledges yesterday helped restore some appetite for risk, boosting the euro against the US dollar and helping oil prices shoot higher.
Also, US Light oil futures was trading near seven week highs of around $81 this morning as US demand [...]
Brent oil prices are hovering under the $77 mark in trading on Tuesday as a higher US dollar and optimism in global markets pushed stocks higher. Brent crude oil futures is currently priced at $76.90 on the ICE Futures Exchange.
“If we come in Tuesday and see a further equities rally and maybe a little weakness [...]
ICE Brent oil price rose in early trading on Monday above $78 a barrel in Asia as crude oil traders followed regional Asian stock markets higher. On the ICE Futures Exchange, Brent crude oil is trading up 54 cents at $78.13 in light trading.
Oil traders, who often look to equities as a measure of overall [...]
Brent oil prices are trading higher on the latest data that suggest the US economy grew at a 5.9 percent annual rate (GDP) in the fourth quarter of 2009, signaling that oil demand may climb in 2010.
Brent crude oil futures for April settlement rose 58 cents, or around one percent in trading to $76.89 [...]
ICE Brent crude oil prices are trading nearly three percent lower as Greece debt worries bring european stocks sharply down. In London, Brent crude oil futures are down $2.18 to $75.91 a barrel on the ICE Futures Exchange.
Earlier today, news that rating agencies may downgrade Greece’s sovereign debt rating refocused attention on the weak fiscal [...]
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 below the $78 mark on the ICE Futures Exchange.
“The complex is pulling back this morning as the crude oil rally is getting a bit extended,” [...]
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ALSO IN THE NEWS
Light oil price near $81 in busy market tradingThe NYMEX Light oil price dropped to near $81 a barrel in trading on Tuesday in Asia, losing a little momentum although the market is seeing alot of activity and many analysts see prices going higher.
US Light crude oil futures for April delivery was down 68 cents to $81.19 a barrel at late afternoon Singapore [...]
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