The Weekly Oil Futures Wrap at Live Oil Prices

The Crude Oil market gyrated wildly this week with a high Sunday night of $80.78 and a low of $77.05. Prices closed for the week down 64 cents to ...

Brent oil price trading up on latest positive US GDP data

Brent oil prices are trading higher on the latest data that suggest the US economy grew at a 5.9 percent annual rate (GDP) in the fourth quarter of 2009, signaling ...

Light oil price trading back near $80 on weaker US dollar

US Light oil prices rose in trading on Friday as the US dollar slipped against the euro, bolstering the appeal of commodities buying including crude oil and gold.US Light crude ...

US refuses to back Britain over Falkland oil drilling dispute

The US refused to back British claims to sovereignty over the Falkland Islands yesterday as the diplomatic row over oil drilling in the South Atlantic intensified in London, Buenos Aires ...

UK North Sea oil companies can’t afford more drilling

UK North Sea oil companies cannot afford to increase oil and gas extraction from the North Sea area, despite an increase in known oil reserves, according to a new report ...

IEA says market can absorb loss of 1yr Iran oil supply

The IEA said on Friday that world oil stocks can absorb the loss of supply from Iran for a year and this should have a calming effect on the oil ...

Oil prices trading steady after Thursday loss, eyes on dollar

Oil prices rose in trading on Friday as the US dollar weakened against the euro, with hopes of demand recovery supporting prices above $78. The ICE US Dollar Index, which ...

Brent oil price trading under $76 on Greece Worries

ICE Brent crude oil prices are trading nearly three percent lower as Greece debt worries bring european stocks sharply down. In London, Brent crude oil futures are down $2.18 to ...

US Light oil price trading lower on US jobs, dollar

US Light oil prices fell over two percent on Thursday and are currently trading just above the $78 mark after a disappointing US jobless claims report and as the dollar ...

Oil prices trading down two percent on latest US jobs data

Both Brent and Light crude oil prices are trading down around two percent on Thursday as the latest US jobs data sends stock markets and in turn, oil prices lower.Light ...

Daily oil trading report from ODL Markets

Oil continues to trade at the $80 level as Bernanke soothed market fears that interest rates would follow the discount rate by being raised in the near future.As the Fed ...

Daily oil trading report from ODL Markets

Oil pulled back from the $80 level despite the API reporting that inventories dropped last week, which indicates larger demand.Crude inventories fell 3.1mn barrels last week, whilst analysts had expected ...

Crude oil prices trading steady on US oil stocks data

Oil prices rose in trading on Wednesday after the latest data from US API showed a larger than expected drawdown in US crude oil stocks, signalling rising crude oil demand.Analysts ...

Ecuador’s Pinto says OPEC oil output to remain unchanged

Ecuador's minister for oil policy Germanico Pinto said Tuesday that world oil prices should stay in a range between $70 and $80 for 2010 and OPEC has no need to ...

IEA says winter cold weather is not boosting oil demand

In spite of a winter that has been colder than normal, heating oil demand in industrialised countries this quarter is down thirteen percent from last year, says the IEA.Conventional ...
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