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oil prices, oil trading
Brent crude oil on the ICE futures exchange traded $1.68, or 2.4%, higher at $71.68 a barrel on Monday as a rise in European equity markets gave weight to expectations of an improving economy.
There are two “reliable factors” that have boosted the oil market “equity markets are up and the dollar remains weak,” said Gene [...]
NYMEX Light oil price is trading close to $73 a barrel Monday as investors looked to US corporate earnings reports this week for signs of economic recovery. Benchmark crude for November delivery was up $1.01 cents at $72.78 in noon European electronic trading on the NYMEX.
Crude investors will be eyeing third quarter company results [...]
Oil prices rose in Asian trade Monday, boosted by reports forecasting a hike in crude oil demand, seen as an indicator of economic recovery, analysts said. Oil prices have risen for a third day on speculation fuel demand will increase amid signs the global economy is emerging from recession.
Oil prices climbed after Singapore, Southeast Asia’s [...]
Total OPEC oil production averaged 28.7mn b/d in September with a slight reductions by Iran, might in part explain why oil prices have remained firm for so long, despite weak fundamentals.
Figures obtained by MEES show Iranian exports sliding from 2.46mn b/d in July, to 2.31mn b/d in August, and then further to register 2.19mn b/d [...]
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