October 2009 Archive

Oil prices advance to around $80 in Asian trading

World oil prices advanced marginally in Asian trading on Wednesday mainly on a report showing drop in US stockpiles. Light oil prices climbed above $79 a barrel in New York ...

Brent oil trading slightly down around $77 Wednesday

London Brent crude oil on Wednesday is trading around the $77 dollar mark on the ICE Futures Exchange, giving up some of the previous day's gain on weaker Asian equities ...

Crude oil prices may remain trading upwards

Crude oil prices remain trading upwards even if the oil market unwinds gains made this month and falls back toward $70 a barrel, according to an analysis of price charts ...

BP shares jump as oil company doubles cost cuts

BP shares were up almost 5pc in late morning trading in London despite the oil company reporting that its so called “replacement cost profit” fell by 50pc to $4.98bn (£3.04bn) ...

OPEC considers December oil output boost

OPEC could intervene to boost oil output in December from it's member countries if oil prices were to reach $100 a barrel, according to the group’s president and Kuwait’s oil ...

Oil Prices