Daily crude oil trading report from ODL Markets

Despite the US dollar moving higher, oil futures maintained current levels following API data showed domestic crude stocks rose more than expected.Crude oil stocks rose by 7.5mn barrels, much higher ...

Peak oil – OPEC reserves exaggerated by massive amount?

Peak oil now? The world's oil reserves have been exaggerated by up to a third, which would be a massive amount, according to Sir David King, the UK Government's former ...

Oil prices trading lower as US dollar makes gains

Crude oil prices are trading slightly lower on Wednesday in Asia, inversely tracking a strengthening US dollar, which discouraged investors from buying commodities, such as oil, that are priced in ...