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oil prices, oil trading
Crude oil prices soared to a yearly high above $77 per barrel Thursday late trading as the Energy Department reported an unexpected drop in gasoline supplies and a smaller than predicted jump in crude stockpiles.
Light sweet crude for crude oil rallied to $77.58 per barrel, up $2.40 on the session. Prices earlier reached as high [...]
US crude oil futures price rose in choppy trading on Thursday as the market awaits government inventory data after Wednesday’s industry report showed crude and gasoline stockpiles fell last week.
RBOB gasoline futures were helping lift the complex after the API data and after crude futures pushed past $75 a barrel on Wednesday, a level that [...]
Brent crude oil futures for November settlement rose as much as 76 cents, or 1 percent, to $73.86 a barrel on the London based ICE Futures Europe exchange. Note to traders: the November contract will expire Thursday.
World oil prices continued to trade higher in Asian trade Thursday mainly on hopes of increase in fuel demand [...]
Crude oil futures prices reached a one year high in NYMEX trading on optimism oil demand will increase amid improved prospects for an economic recovery in the US, the world’s biggest energy consumer.
Oil prices rose for a sixth day as the dollar declined and equities advanced around the world. Prices also climbed after a report [...]
Light oil price reaches a fresh one year high near $76 a barrel Thursday trading in Asia on a weaker US dollar and growing investor optimism about an economic recovery.
Benchmark crude oil futures for November delivery was up 72 cents to $75.90, the highest since October 2008, by midday Singapore time in electronic trading on [...]
The IEA and the US Secretary of Energy warned on Wednesday that the fast rise in oil prices could pose a risk to global economic recovery. Crude oil futures, boosted by perceptions the economy is recovering, surged to a new 2009 peak above $75 a barrel on Wednesday, a level IEA Chief Economist Fatih Birol [...]
THE chairman of the House Committee on Energy is set to summon executives of oil companies and make them explain the implementation of a 25 centavo per litre increase in Philippines pump prices even in the aftermath of the worst calamity the country has experienced in decades.
Describing them as “thieves who sneaked in the cover [...]
Oil prices gained 1.2 percent as OPEC raised its 2010 global oil consumption forecast on expansion within emerging economies. The IEA last week upgraded its demand prediction. Crude oil prices also climbed as the dollar fell to the lowest against the euro since August 2008.
“OPEC revised up its global oil consumption forecast for 2010 and [...]
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