Crude oil ends weeks trading higher, back near $80

Crude oil prices end the week trading higher and closing in on 2010 highs despite a US government report showing a smaller than expected build in total petroleum inventories.US Light ...

Daily oil market report from ODL Markets

Yesterdays oil inventories showed crude stocks rise by 3.1mn barrels last week, higher than analysts’ expectations of 2.2mn barrels.News of the surprise rate hike in the US meant that the ...

Brent oil trading around $77 mark, eyes on US dollar

Brent oil futures are trading around the $77 mark on Friday after a surprise rate hike by the Fed in the US sent the US dollar higher against a basket ...

Oil prices tumble on US Fed rate hike, US dollar gains

Oil prices fell sharply to below $78 in trading today after the US Federal Reserve's decision to raise its interest rate on emergency loans to banks boosted the US dollar.Light ...

Light oil price back under $78 in early trading

US Light crude oil prices dipped more than $1 to below $78 a barrel in early trading on Friday as the US dollar extended gains against its major counterparts, but ...