October 2009 Archive

Oil prices rise as IEA raises oil demand forecast

Oil prices ended slightly higher Friday after the IEA said crude demand should grow at the end of this year and in 2010 as the global economy recovers. After a ...

ICE Brent crude oil price ends week trading close to $71

Brent crude oil futures for November settlement rose to end the week trading session at $70.97 a barrel on the London based ICE Futures Europe exchange. It was the highest ...

$70 WTI light crude oil price this winter says EIA

West Texas Intermediate WTI crude oil price is expected to average about $70 a barrel this winter, the US Department of Energy’s Energy Information Administration (EIA) said in its short ...

IEA oil report sees higher oil demand on optimistic economic data

The IEA has once again raised its forecasts for global oil demand for both this year and 2010 in the latest monthly oil report, citing the more optimistic economic estimates ...

Jim Rogers sees oil trading at $200

Rogers said he was certain crude oil could trade as high as $200 per barrel over the course of the bull market because of known oil reserves depletion. Turning his ...

Korea Oil looks to buy foreign oil company

Korea National Oil Corp., beaten by China in the race to buy Geneva based Addax Petroleum Corp., seeks to acquire an overseas oil company this year to increase its crude ...

Opec quota compliance falls to 62 percent

OPEC completed only 62 percent of its promised oil production cut in September, down from 66% in August, according to the International Energy Agency (IEA).Saudi Arabia, the UAE and Kuwait ...

Oil Prices