December 2009 Archive

Brent oil prices trading down nearly 4 percent around $72

Brent crude oil prices settled down $2.80, or 3.72 percent in trading on Wednesday, closing at $72.39 a barrel. Brent crude traded from $72, lowest since the low of $70.84 ...

Light oil price trading down around $70, commodities sell off

US Light oil prices plunged three percent in trading on Wednesday to finish just above $70 as mounting stockpiles prompted a further sell off of commodities."What we're seeing now is ...

Oil prices trading down 3 percent on weak oil demand

Oil prices have slipped for the sixth consecutive session trading down around 3 percent on figures showing weaker US oil demand. New York's main futures contract, light sweet crude oil ...

Russian to head ‘Gas OPEC’ seeks oil price link

The Gas Exporting Countries Forum, also called Gas OPECor Gaspec, elected Russian Leonid V. Bokhanovsky as its first secretary general Wednesday, the NYT reported. And he’s not wasting any time ...

Oil companies eye Iraq’s multi billion barrel prize

In the first international oil auction held last June, widely seen as a failure, the Iraqi government awarded a firm contract to only a consortium of oil companies British Petroleum ...

Oil Prices