October 2009 Archive

ICE Brent crude oil futures trading 2.4% higher near $72

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 ...

NYMEX Light oil price trading up around $73

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 ...

Oil prices up in Asian trade Monday, reports hike in oil demand

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 ...

OPEC oil production on forecast, Iran slightly down

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 ...

Oil Prices