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Fitch mulls higher oil prices as Iran cr

Fitch Ratings is mulling over the possibility of higher oil prices in 2012 as the recent EU wide crude oil ban against Iran will increase geopolitical risk in the Middle East region, supporting oil prices in a new report released

US Dollar Index slips below 79, adding f

The US Dollar Index closed off the Friday’s trading session back under the 79 level as Wednesday’s announcement that the US Fed is considering more QE and further delays in interest rate rises saw the US dollar drop over one

Price of gold set to build on recent gai

The price of gold futures is on the rise again and looks set to continue in the week ahead as traders and investors target precious metals, boosting a belief that prices across the board may rise in the future. Latest

Brent oil price firms over $111 after IM

The price of Brent crude oil firmed above $111 a barrel on Thursday after the IMF (The International Monetary Fund) warned that global crude oil prices could rise as much as 30 percent if Iran halts oil exports as a

WTI oil price trading back over $100 ami

WTI oil prices are trading back above $100 a barrel this afternoon amid higher US crude oil inventory data from the US EIA out today, that showed American oil supplies jumped over 3 million barrels in the last week. Latest

UK drivers face higher petrol prices aft

UK drivers could face chronic fuel shortages and higher petrol prices at the pumps after Petroplus, Europe’s largest independent refiner by capacity goes bust after talks with its lenders failed. UK forecourt bosses and MPs said there was a risk

Brent crude oil trading over $111 after

Brent oil prices are trading higher on Monday, passing back through $111 a barrel after EU ministers agreed to ban Iranian oil imports to Europe, effective July 1, whilst traders said the move had been largely priced into the market,

ICE US Dollar Index sinks back under 80

The ICE US Dollar Index is trading back under the 80 mark this afternoon as the euro made gains over most major currencies, whilst EU ministers gather in Brussels to discuss a Greek debt swap, budget rules and a financial

Price of US light crude oil back near $1

The price of US Light crude oil futures is nearing the $100 a barrel mark again in light trading today after the EU agreed to slap an embargo against Iranian crude oil exports, mainly aimed at stopping Iran from funding

Ban on Iran oil imports is confirmed by EU foreign ministers

Ban on Iran oil imports to Europe is con

EU foreign ministers this morning have confirmed the ban on all Iran oil imports to Europe, with the sanctions involving an immediate ban on all new oil contracts with Iran, while existing contracts will be honoured until 1st July. Under

Greece looks for supply assurances ahead

Greece turned the tables this weekend and is said to be looking for some assurances that a potential EU embargo on oil imports from Iran won’t push the Greek economy over the edge, complicating efforts to unveil a sweeping package

WTI oil trading near $101 as IEA slashes

WTI oil futures open Thursday’s trading session at $101 a barrel after the International Energy Agency warned yesterday of a rising likelihood of a sharp slowdown, if not outright recession due to Europe’s debt crisis and slashed crude oil demand

Brent oil price firm at $112 a barrel, f

The price of Brent oil futures climbed again on Tuesday and opened today’s session over $112 a barrel as European borrowing costs fell, stock markets climbed and the euro strengthened against the US dollar. Latest Brent Oil Price In London,

WTI oil trading over $101 a barrel boost

US WTI crude futures open Wednesday’s trading session back over $101 a barrel, as oil prices were boosted by the latest growth data out of China, helping to ease concerns about an oil demand slowdown from the world’s second largest

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