November 2009 Archive

Crude oil prices trading steady after overnight market gains

Crude oil prices are trading steady, but slightly lower Tuesday after gaining over 3% overnight as the market looks ahead to fresh US weekly oil stocks data for signs of ...

Higher oil prices in the UK push petrol up 26% in one year

UK petrol prices are set to soar past 110p a litre £5 (around $8.50) a gallon in the run up to Christmas as higher oil prices have seen oil companies ...

Why peak oil doesn’t matter to higher oil prices

Why peak oil doesn’t matter to higher global crude oil prices, there’s only one reason why you’d invest in the oil market; because you’re confident that, over the long term, ...

IEA says oil demand recovery slow in OECD countries

The IEA has not seen much recovery in actual oil demand in OECD countries and the pace of global recovery may not justify OPEC raising output at its next meeting, ...

OPEC president is happy with oil prices in $75 to $78 range

OPEC president Angolan Oil Minister Jose Maria Botelho de Vasconcelos is happy with crude oil prices between $75 to $78 a barrel range. Current crude oil prices are at a ...

Oil prices trading around $78 Tuesday, lower US dollar

Oil prices fell on Tuesday, but are trading close to most of its previous session gains of 3 percent, hovering above $78 a barrel, as traders took profit ahead of ...

Oil Prices