Light oil price up above $67 on dollar dip, Iran talks

NYMEX light oil prices rose above $67 on Wednesday trading, recouping day ago losses as the US dollar dipped against the euro and resource currencies like the Australian dollar, while ...

Crude oil futures price rises on US dollar decline

Crude oil rose above $67 a barrel in New York in late trading on Tuesday as the US dollar retreated from gains and investors purchased futures on signs of a ...

Oil prices may stay trading between $65 to $75 a barrel

A confounding mix of factors, some propelling a hike in oil prices and some its decline will keep oil prices trading between $65 and $75 a barrel, analysts said. ...

The IEA recommends Spain to raise fuel taxes

The IEA has recommended that Spain raises fuel taxes as the increase on gasoline and diesel for automotive use would be on the grounds that increases would lower the international ...

Ideal oil price $60 to $80 US per barrel?

What is the ideal oil price? A review of recent economic history yields the observation that when petroleum sells above about $80 a barrel (in inflation-adjusted terms) economies begins to ...

NYMEX Light oil price up two precent as stocks gain

After sliding about 8% last week, light oil prices ticked back near $67 Monday, tracking a rise in equities. NYMEX Light cude oil futures for November delivery rose 82 cents ...

Oil price trading near $67 on strong equities

Oil prices held steady, trading around $67 a barrel on Tuesday after climbing more than 1 percent a day ago, boosted by strong equities markets and Iran's missile tests, but ...

Chinese oil company seeks big stake in Nigeria oil

A Chinese state owned oil company is in talks with Nigeria to buy large stakes in some of the world’s richest oil blocks in a deal that would eclipse Beijing’s ...

NYMEX light crude prices choppy, edges up on Iran tensions

NYMEX light crude oil futures seesawed near unchanged on Monday, lifted by concerns and tensions about Iran's nuclear row with the West and supported by news that part of the ...

Oil edges above $66 in trading Monday, eyeing dollar and equities

Oil edged above $66 a barrel in trading on Monday, rebounding after an earlier decline which extended last week's 8.4 percent slide, as the dollar lost ground and stock markets ...

IEA sees no robust demand recovery for crude oil just yet

Demand for crude oil has yet to recover substantially from the economic crisis, the head of the IEA said on Monday, but lack of investment could lead to a supply ...

OPEC weekly oil prices drop again

The last weekly average oil prices of OPEC dropped to $66.80 US dollars per barrel, showing a reduction of $1.30 US dollars compared to the previous week, said the Vienna ...

Light crude oil prices trading below $66 in Asia, Monday

Light crude oil prices were trading back below $66 a barrel Monday in Asia as regional stock markets sank and investors eyed a slew of economic data this week that ...

Oil price falls back below $66, fuel demand may stall

Crude oil prices slipped back below $66 a barrel as declines in Asian equities raised concern a recovery in fuel demand may stall. Oil prices fell as Asian stocks traded ...

Goldman Sachs says future oil price will rise

Goldman Sachs said oil prices are likely to be higher in the future due to a recovery in demand and a decline in crude oil production, and expects European integrated ...
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