February 2010 Archive

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 ...

Oil Prices