OPEC signals that oil prices may need boost under $65

If crude oil prices drop to $65 a barrel then some OPEC member countries may consider the price is too cheap, Kuwait’s oil minister said, declining to comment on any ...

WTI oil price trading up near $72 on latest US data

US WTI oil prices hit $72 in trading on Thursday as the latest data showing a surge in US demand climbed almost seven percent over the past month the EIA ...

Brent oil price back near $72 amid mixed market data

Brent oil prices are trading back near the $72 mark early on Thursday amid mixed market data and volatile global stock markets.Brent crude oil futures for July delivery traded up ...

Oil prices trading at $70 mark amid stock market falls

Oil prices are trading under $70 mark on Wednesday as global stock markets fall amid European and Korean tensions hit commodity prices.WTI Light crude oil futures for July delivery dropped ...

Crude oil prices may rise on Gulf of Mexico oil spill disaster

The US oil spill disaster currently spreading across the Gulf of Mexico will help drive energy and crude oil prices higher as new measures to prevent further disasters bump oil ...

WTI oil price skids under $70 as US dollar firms up

US WTI oil prices fell in early trading on Tuesday pushing prices below $70 mark as continued European debt concerns sent the US dollar higher against the euro.New York's main ...

Brent oil trading lower on continued euro debt concerns

Brent crude oil prices are trading lower on Tuesday as European debt concerns continue to affect stock markets with Brent crude oil futures lower by 72 cents to $70.45 on ...

Oil prices trading at $71 mark, following stock markets

Crude oil prices rose to near $71 a barrel in early trading on Monday as recovering stock markets bolstered the confidence of crude traders.US Light crude oil futures rose to ...

Brent oil rollercoaster ride ahead as EU sets euro strategy

Brent oil prices ended another busy trading week with a rollercoaster session, during which prices fell another $5, leaving Brent crude oil futures around the $71 mark as the EU ...

Oil prices back at $70 range after 20 percent May losses

Crude oil prices have ended this week's trading around the $70 mark and have seen about a 20 percent loss since hitting an 18 month market high of $87.15 on ...

BP pasted by more setbacks over US Gulf crude oil spill

Oil company BP has been pasted with a triple whammy as it tries to contain the damage to the environment and its reputation caused by its crude oil spill in ...

Brent oil trading at $71 as commodities & markets wacked

Brent oil prices ended trading on Thursday down $1.85 to settle at $71.84 a barrel as world commodities and stock markets got wacked as investors look for the exit door."People ...

Oil prices trading near $70 as global stock markets slump

Oil prices are back in the $70 range in trading on Friday as investor concern a financial crisis in Europe could undermine the any recovery which hit global stock markets.US ...

Oil prices trading up, eyes on currencies euro & dollar

Oil prices rose in Asian trading on Thursday but sentiment remained weak as global investors look at the situation in Europe and watch the currency markets for changes in the ...

Brent oil trading steady near $74 as WTI spread closes in

Brent oil futures are trading just below the $74 mark on Thursday as the spread between Brent and WTI Light oil price close back in for July's contracts.In trading, Brent ...
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