October 2009 Archive

Oil price trading up near $74 expect $85 by year end

Oil prices rose higher to near $74 a barrel Tuesday trading as investors eyed a still weakening US dollar and looked to oil and gold commodities for protection against possible ...

NYMEX crude oil price at seven week high on US dollar, optimism

NYMEX crude oil price ended at a seven week high on Monday, rising for a third day in a row as a weak dollar attracted buyers. Cooler temperatures and optimism ...

Crude oil prices remain steady in early Tuesday trading

Crude oil prices inched slightly lower in electronic trading on Globex by Tuesday afternoon in Tokyo, as traders took profits from a nearly 3% rise in oil prices last week. ...

Citigroup sells oil trading arm Phibro

Citigroup this week disposed of its oil trading arm, Phibro, selling it lock, stock, and oil barrel to Occidental Petroleum. Along with the disposal goes the $100 million owed its ...

ONGC and the hunt for oil in India

India's public sector giant ONGC (Oil and Natural Gas Corporation Ltd) carries the flag for the country's hunt for new oil and gas resources. ONGC won over a third of ...

Oil Prices