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oil prices, oil trading
OPEC has lifted its 2010 forecast for global crude oil demand, just a week before it’s due to meet for the final time this year to discuss production and pricing. The group said in its December Monthly Oil Market Report this week that world oil demand is now expected to increase by 800,000 barrels a [...]
Light crude oil prices pull back near €72 a barrel in trading on Thursday as the US dollar’s surge to a three month high against the euro outweighed a surprisingly large fall in US crude and distillate stockpiles. The dollar marched broadly higher as investors unwound short positions before the year-end, pulling crude back from [...]
Over ninety percent of the market swings in oil prices since 2006 were due to supply shocks, not price speculation, JP Morgan said Wednesday in a study that questions tough market curbs proposed on commodity investors.
“It is often heard in non-market circles that if speculators move prices, then removing speculators from the equation would [...]
Oil prices are trading higher back to near $72 a barrel on Thursday, as the US dollar’s (Dollar Index) surge to a three month high against the euro outweighed a surprisingly large fall in US crude oil and distillate stockpiles.
The US dollar climbed to 2 and a half months peak against the Euro, this drove [...]
Oil prices are trading up around 3 percent at close on Wednesday as the US Dollar Index surged upward, together with a US government report showed weekly crude stockpiles fell more than expected.
US Light crude oil futures for January delivery advanced $1.97 to settle at $72.66 a barrel on the NYMEX. The US dollar strengthened [...]
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