Oil prices back near $80 in afternoon trading, inventories

Light crude oil prices rose back over $80 dollars per barrel to $80.01 trading on the NYMEX, while ICE Brent crude oil futures are currently trading in the $78 dollar ...

US Light oil price trading around $78, inventory worries

US Light oil price has fallen back toward $78 a barrel in trading on Wednesday, extending the previous session's decline from a one year peak after a bigger than expected ...

Russia, Ruble could strengthen if oil price rises

The Russian currency "the Ruble" could strengthen to 26 rubles against the dollar if the oil price rises, Russia's Deputy Economic Development Minister Andrey Klepach said Wednesday.The ruble strengthened to ...

OPEC members restart some oil production projects

OPEC secretary-general Abdulla el-Badri told the Wall Street Journal that of those 35 OPEC oil production projects said in February to be put on hold, seven were being re-started, thanks ...

Higher oil prices to affect Korean stock market?

Korea National Oil Corp. said yesterday that the prices of Dubai, WTI crude oil and Brent crude reached almost 80 US dollars per barrel Monday. Global bodies such as OPEC ...