Oil prices heading for biggest gain in ten years amid Iran unrest

Oil prices are heading for its biggest annual gain in ten years, on forecasts that US stockpiles are narrowing while unrest in Iran sows concerns crude oil supply will be ...

Oil prices trading up for 6th day on US stockpiles, Iran tensions

Oil prices rose for a 6th day in trading on Wednesday on forecasts that US stockpiles are shrinking, while tensions in Iran sows concerns of global crude oil supply disruption.“Stocks ...

ICE Brent oil price up 70 percent in 2009, nears $80 barrel

Brent oil prices rose on Wednesday nearing the $80 a barrel mark, extending recent gains and is up around 70 percent from it's 2009 lows. ICE Brent crude oil futures ...

Light oil price trading over $79, looking higher for 2010

US Light oil prices are trading over $79 a barrel on Wednesday and are looking higher for 2010 despite a surprise rise in weekly US crude oil inventories ahead of ...

US peak oil theory, less crude oil from now forever!

US peak oil theory, less crude oil from now forever! - Jim Baldauf, a former Dallas oilman, remembers the days when it seemed like you could punch a hole in ...

OPEC members have some issues with Iraq oil output

OPEC members are content with oil prices in the range of $70 to 80 per barrel and maintained output targets but Iraq might not adhere to OPEC’s oil production quotas. ...

Oil prices trading higher on US demand, $80 by year end?

Oil prices are trading higher on Tuesday with brent crude around $77 a barrel and light oil trading around $78. The oil price rise backs up predictions that the oil ...

Brent oil price back near $80 in end of year trading

Brent crude oil prices are trading higher around $77 a barrel on the ICE Futures exchange on Tuesday, while US Light oil prices were trading at $78.66 a barrel at ...

Light oil prices trading higher close to $80 a barrel

US Light oil prices spiked higher, trading above $79 a barrel on Monday as an extended cold snap triggered an end of 2009 rally in energy futures. Benchmark US Light ...

Light oil prices trading higher on latest US data

Light oil prices held steady above $74 in trading on Wednesday helped along by industry data showing a sharp drawdown in US crude oil stocks and an unexpected fall in ...

Brent oil price trading around $74 on stronger US dollar

Brent oil price is trading around the $73 to $74 mark in Asia on Wednesday as markets reacted to a strengthening US dollar. Brent North Sea crude oil futures for ...

Oil prices trading above $74 on US inventory drop, dollar

Oil prices are trading above $74 on Wednesday, helped by industry data showing a sharp drawdown in US crude oil stocks, but the firm US dollar limited gains. Crude oil ...

OPEC keeps oil output unchanged in December meeting

OPEC has kept the present level of oil output from it's twelve member countries unchanged in it's December meeting yesterday. Ministers of OPEC member countries decided to keep the accepted ...

Oil trading around $73 in Asia ahead of OPEC meeting

Oil prices were mixed in Asia trading on Tuesday following news that OPEC's twelve crude oil producing countries were set to hold oil output quotas unchanged in key talks.Oil ...

OPEC meeting underway, higher oil prices in 2010?

Members of the oil producers' body OPEC are meeting in Angola's capital today but analysts expected the group to leave its oil production quotas unchanged.The OPEC decision could be ...
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