October 2009 Archive

Stronger US dollar pushes oil prices lower

Light crude oil prices traded lower Monday as the US dollar strengthened after gaining early on a weaker US dollar, showing that currency strength and other economic considerations, rather than ...

Oil price trading below $79 after late Monday slide

Oil prices were trading back below $79 a barrel Tuesday in Asia as investors eyed a volatile US dollar. Benchmark light crude oil futures for December delivery rose 12 cents ...

The truth about energy and peak oil

Floating within a trading range for several weeks, the price of crude oil has recently broken out to a new recovery high. Skeptics can say what they want but it ...

Timor sea oil spill prompts fear of disaster unfolding

Timor sea oil spill prompts fear of a disaster unfolding as Thailand’s PTT Exploration & Production Pcl delayed a fourth attempt due today to plug an Australian well that may ...

OPEC sees global oil market well supplied

OPEC believes the global oil market is well supplied, in spite of a recent rally in crude oil prices and signs that an economic recovery is starting to gain momentum, ...

Oil Prices