October 2009 Archive

Oil price over $77 in late trading, inventories lower

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 ...

NYMEX Crude oil price trading up before EIA data

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 ...

Brent crude oil price around $74 on Thursday trading

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 ...

The US dollar knows only one direction, helping oil price

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 ...

Oil price jumps to fresh year high trading near $76

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 ...

IEA and the US concerned about oil price jump

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 ...

Oil companies on carpet for raising prices in the Philippines

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 ...

OPEC raises oil demand forecast, oil prices higher

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 ...

Oil Prices