December 2009 Archive

OPEC is cautious on crude oil demand for 2010

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. ...

Light oil prices trading higher on US dollar, oil supply

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 ...

JP Morgan says speculators don’t cause oil price swings

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 ...

Oil prices trading higher, eyes on the Dollar Index

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 ...

Oil trading up around 3 percent on stronger US dollar

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 ...

Oil Prices