February 2010
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News from February 2010

Brent oil price trading around $70, looks oversold?

Brent oil prices started the week trading slightly higher and rose 34 cents to $69.93 a barrel on London’s ICE Futures exchange. “Crude looks a little oversold and it’s moved pretty quickly, so I think there’s a bit of bottom fishing here,” said Mark Pervan, head commodities strategist at ANZ Global Markets.
The US dollar has [...]

US Light oil price trading near $72 on new Iran tensions

US Light oil prices rose near to $72 a barrel in early trading on Monday in Asia, boosted by new tensions over Iran’s nuclear program. Helping world oil prices rebound Monday were expectations of a spurt in demand for crude oil products like heating oil because of a cold spell in the US and tensions [...]

Oil prices trading higher amid stronger US Dollar, Europe

Crude oil prices are trading steady in Asia on Monday as the US dollar edged higher versus other major currencies including the European Euro, and continue’s to see support in the wake of a decline in US nonfarm payroll employment and ongoing global sovereign debt concerns.
Oil prices rose after hitting a two month low last [...]