September 2009 Archive

Oil prices trading above $72 on inventory drop, weak dollar

Crude oil prices rose for the second session straight Wednesday after a government report showed crude inventories fell more than expected, and the dollar continued to weaken. Crude for October ...

CFTC says speculation not to blame for oil price rise

The US Commodity Futures Trading Commission (CFTC) has found no evidence that speculation is responsible for the rise in crude oil prices, despite political pressure to curb the activities of ...

Strong interest in Norway’s offshore oil licenses

Norway's national oil agency on Wednesday said 44 companies have applied for 227 offshore oil exploration licenses near existing fields, a strong sign of interest as the country attempts to ...

Oil Prices