February 2010
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News from February 2010

Brent oil price slides below $70 in busy trading session

ICE Brent oil futures for March slipped nearly four percent in a busy trading session on Friday and ends the week at $69.59 a barrel on the London based ICE Futures Exchange. Brent oil prices are currently trading at a $1.60 a barrel discount to US Light crude oil futures, the widest level since January [...]

US Light oil price back at $71 in trading volume record

The daily volume of front month US Light crude oil futures traded on the NYMEX hit a record on Friday as crude oil prices dipped back towards $71 per barrel. The surge came as crude oil prices fell after the US dollar rose sharply and amid worries about the US jobs market after a mixed [...]

Higher US dollar sends oil prices back to $70 range

Oil prices plunged in a busy trading session on Friday, triggering big losses across the commodities markets, as investors went back to buying into the US dollar.
Crude oil prices did have a partial recovery, with March US Light oil futures contract settling at $71.19 a barrel on the NYMEX, down 2.7%, while in London, Brent [...]