November 2009 Archive

Oil prices trading just under $80 on US dollar lows

Oil prices are trading higher on Monday as the US dollar continued to test new lows against other currencies. By early afternoon in Europe, benchmark US Light crude oil futures ...

Brent crude oil price trading up around $77 Monday, Hurricane Ida

Brent crude oil futures for December delivery gained 71 cents to $76.58 in early trading on Monday as Hurricane Ida and a weaker US dollar have had a positive effect ...

Oil prices trading up on hurricane Ida concerns, weaker US dollar

Oil prices rose $1 to $78.43 a barrel on Monday in early trading in Asia, as Hurricane Ida roared through the Gulf of Mexico, where important oil fields are located, ...

Gulf oil companies stop crude oil output on Hurricane Ida

Oil companies in the Gulf of Mexico are evacuating workers and halting some output as Hurricane Ida strengthened after entering the area, which accounts for more than a quarter of ...

OPEC oil production increase is a no, says UAE

The UAE Oil Minister Mohammed al-Hamli said on Saturday raising oil production was not currently on the agenda for OPEC. "Right now increasing production is not on the agenda," Hamli ...

Light oil price rises as Hurricane Ida threatens oil fields

US Light oil prices rose above $78 a barrel on early trading Monday, recouping some of the previous session's near 3 percent losses, amid concerns that a powerful hurricane charging ...

Oil Prices