March 2010
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News from March 2010

Oil prices trading steady, eyes on US dollar index

Oil prices trading steady, eyes on US dollar index thumbnail

Oil prices are trading a little lower, but steady on Thursday and oil futures are again tracking the US dollar index. Crude oil prices are relatively high at the moment because investors have been buying oil and other commodities because they expect the value of the US dollar to decline.
US Light crude oil futures fell [...]


Daily crude oil trading report from ODL Markets

Daily crude oil trading report from ODL Markets thumbnail

Following the recent two-day rally, oil pulled back a little due to some dollar strength and the lack of any real action from the OPEC meeting in Vienna.
OPEC members agreed to maintain the existing cuts of 4.2mn barrels per day. The weekly inventories also showed that there was a build of 1 mn barrels, [...]






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