March 2010
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News from March 2010

Brent oil price is trading higher ahead of OPEC summit

ICE Brent oil price is trading back near the $80 mark on Tuesday afternoon ahead of the latest OPEC meeting which takes place tomorrow. London’s Brent crude oil futures was up at $79.80 a barrel on the ICE Futures Exchange at 16.33PM GMT.
Oil futures fell below $80 yesterday on concerns about US energy demand and [...]

Oil prices rebound back above $82 on Fed, US dollar

Oil prices rebounded higher in trading on Tuesday, moving toward $82 a barrel, as commodity traders anticipated that the US Federal Reserve will keep interest rates unchanged, while the US dollar weakened.
Light crude oil futures for April delivery recently traded $2.02, or 2.5%, higher at $81.82 a barrel on the NYMEX, while in London, Brent [...]

Light oil price trading below $80 mark on higher US dollar

NYMEX Light oil prices fell in trading for the second day to below $80 a barrel amid fears that China will take further measures to cool the country’s growth. US Light crude oil futures for April delivery closed down $1.44 at $79.80 a barrel on the New York Mercantile Exchange. It’s been nearly two weeks [...]

Brent oil price drops but UK petrol price to shoot higher

Brent oil prices dropped in trading on Monday around two percent lower amid a report that UK petrol prices could hit a record high of £1.20 a litre in the next few weeks, according to the AA. Increases in the wholesale price of petrol since January are to blame for the rise in forecourt prices, [...]

Crude oil prices trading lower on stronger US dollar

Crude oil prices are trading lower on Tuesday as the US dollar gained against the euro, yen and UK sterling in Monday’s trading session. US Light crude oil futures for April dropped to $79.66 a barrel by 0525 GMT on the NYMEX, while London April Brent dropped 15 cents to $77.74 on the ICE Futures [...]

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