http://www.liveoilprices.co.uk Fri, 12 Mar 2010 19:27:06 +0000 http://backend.userland.com/rss092 en Crude Oil edged higher this week, rallying a little more than a dollar per barrel driven by dollar weakness, a strong equity markets. During the middle of the week, the Organization of Petroleum Exporting Countries predicted members will need to produce 28.94 million barrels a day to satisfy demand ...http://www.liveoilprices.co.uk/oil/the-weekly-wrap/03/2010/crude-rallies-on-demand-forecast-weekly-market-recap.html Falling oil inventories and a 2010 recovery in oil demand will boost crude oil prices this summer, Goldman Sachs predicted today. Goldman Sachs forecasts the crude oil prices will be trading between $92 and $97 a barrel in 3 to 6 months time.“For this time of year, OECD total petroleum ...http://www.liveoilprices.co.uk/oil/oil_prices/03/2010/goldman-sachs-predicts-summer-oil-price-at-92-97-range.html The IEA has said that China’s demand for oil jumped by an astonishing 28% in January 2010 compared with the same month a year earlier. The IEA added that demand for oil in 2010 would be underpinned by rising demand from emerging markets, with half of all growth coming from ...http://www.liveoilprices.co.uk/oil/iea_oil_report/03/2010/iea-says-china-oil-demand-increase-is-astonishing.html Oil prices were nearly unchanged in Asia trading on Friday with Light oil futures above $82 a barrel on a slightly weaker US dollar.Light crude oil futures for delivery in April traded at $82.16 a barrel at 0650 GMT, up $0.05 on the NYMEX, while in London, April Brent crude ...http://www.liveoilprices.co.uk/oil/oil_prices/03/2010/oil-prices-trading-steady-amid-a-weaker-us-dollar.html Crude oil prices have rallied to within sight of 2010 trading highs this week, whilst the US dollar remains strong, where next for oil prices?The contrast between the US Light oil price, which topped $83 a barrel on Wednesday, and signs of weak physical markets might preoccupy OPEC when it ...http://www.liveoilprices.co.uk/oil/oil_prices/03/2010/crude-oil-prices-near-2010-trading-highs-where-next.html Oil continued to trade above $80 following yesterday’s weekly inventories. Data showed that crude inventories grew, but analysts are now concerned that as the economic stimulus plans expire, we may see demand falling. Last night’s Chinese CPI data came in at 2.7% sparking inflationary fears..CommodityLevelChangeICE BRENT ...http://www.liveoilprices.co.uk/oil/oil-trading-tips/03/2010/daily-oil-trading-report-from-odl-markets-14.html ICE and NYMEX crude oil prices are trading steady on Thursday amid growing questions and economic concerns over the 2010 global recovery.Crude oil futures have traded between $69 and $84 in the first quarter of 2010, but crude oil futures have been very volatile within that range as evidence of ...http://www.liveoilprices.co.uk/oil/oil_prices/03/2010/oil-prices-unchanged-amid-global-recovery-concerns.html The IEA’s global oil demand forecast will likely be little changed this month, as economic uncertainty in developed nations overshadows emerging market growth, Executive Director Nobuo Tanaka said.The IEA, which advises oil consuming nations, will release its monthly report on global energy supplies and demand tomorrow in Paris. The US ...http://www.liveoilprices.co.uk/oil/iea_oil_report/03/2010/ieas-tanaka-says-monthly-oil-forecast-little-changed.html 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 ...http://www.liveoilprices.co.uk/oil/brent_oil_prices/03/2010/brent-oil-price-steady-amid-uk-eu-economic-concerns.html World oil demand is projected to grow higher by 900,000 barrels per day in 2010, OPEC said on Wednesday, and supply is expected to increase along with the rise in demand, especially in non OPEC countries like Russia and Brazil.OPEC member countries supply of about 35 percent of the world’s ...http://www.liveoilprices.co.uk/oil/opec_members/03/2010/opec-says-2010-world-oil-demand-projected-higher.html