February 2010 Archive

Crude oil prices trading higher, eyes on US Dollar Index

Crude oil price are trading higher on Wednesday as a decline in the US dollar (see Dollar Index) heightened crude oil's appeal for hedging inflation.US Light crude oil futures for ...

BP’s Hayward says demand for oil will peak by 2030

Global demand for oil will peak within the next two decades, Tony Hayward the chief executive of BP said the plateau would be reached between 2020 and 2030 as falling ...

OPEC worried about member’s oil production targets

OPEC has told the BBC that compliance with oil production targets by the OPEC member countries fell to bewteen 50 and 56% in January 2010 compared with 80% a year ...

Oil prices trading higher as optimism boosts Asia markets

US crude oil futures touched $77.66 a barrel in trading on Wednesday, the highest price since January 21st, and was trading up 22 cents at $77.45 at 0758 GMT, while ...

Crude oil prices trading in $76 to $77 range, markets up

World crude oil prices are trading around the $76 to $77 range a barrel Wednesday, after positive US home sales data and rising world stock markets aided momentum to the ...

Brent oil price trading around $76, up three percent

Brent oil prices are trading up around three percent on Wednesday, near the $76 mark after posting its biggest percentage gain in four months a day earlier, as rising crude ...

US Light oil trading up at $77 on brighter economic outlook

US Light oil prices climbed over three percent in trading on Tuesday, extending strong day earlier gains as the global market appeared more optimistic about a brighter economic outlook and ...

Oil Prices