OPEC output rises, US supplies may lead to lower oil price

Crude oil prices oil may fall next week amid recent increases in US oil supplies and rising oil output from OPEC member countries could all point the way to lower ...

Oil trading lower, but will a falling dollar cushion oil prices

Oil is trading lower in Friday's afternoon session as worse than expected US GDP data pushes markets lower, but will the falling US dollar help cushion oil prices from steep ...

Oil prices flat in light trading, awaits latest US GDP data

Oil prices are little changed in a very light trading session so far today as investors are awaiting the latest US GDP data which may point the way forward.In London, ...

Oil trading difficult to predict, well why wouldn’t it be?

With current stock market volatility, it's true to suggest that trading oil futures, getting the upside and downside on oil pricing is difficult to predict, well what's new?This week, Dennis ...

Oil prices hanging onto trading gains as US markets slide

Both Brent and Light crude oil prices are so far hanging onto trading gains today and have had a roller coaster ride, posting two percent gains early on then falling ...

WTI oil price firm over $77, looks to US dollar & markets

WTI oil prices are trading firm around the $77 a barrel mark on Thursday and could push higher as investors look to stock markets and the US dollar to guess ...

Brent oil trading over $76, Shell posts big $4.5bn profit

Brent oil prices are trading up in Asia on Thursday over the $76 mark as europe's biggest oil company Shell posts a big $4.5bn operating profit, partly due to higher ...

Oil prices see slow trading day amid uncertain markets

Crude oil prices are trading down at close on Wednesday in uncertain markets as US stocks dip lower and investors question the strength of any global recovery, coming anytime soon?In ...

Brent oil trading near $76, prices lower on grim US data

Brent oil prices are trading back near the $76 mark on Wednesday as prices took a knock lower yesterday amid the latest grim reports on US consumer confidence and manufacturing.In ...

WTI oil price trading back near $77 on US supply jump

WTI oil prices are trading back near the $77 mark Wednesday in Asia after a report showed that US crude supplies jumped higher last week, suggesting that crude oil demand ...

New oil leak found in the Gulf of Mexico, emergency again?

The US Coast Guard dispatched emergency teams Tuesday after a boat crashed into an oil well off the coast of New Orleans, spilling crude oil into the Gulf of Mexico.Oil ...

BP Gulf oil spill may cost US taxpayer almost $10bn

BP has said it plans to offset the entire cost of its Gulf oil spill against its tax bill, reducing future contributions to US tax coffers by almost $10bn.BP took ...

Goldman Sachs forecast that oil prices are too cheap

Goldman Sachs forecast that oil prices are “significantly” below the level warranted by fundamentals, offering hedging opportunities for 2010 and 2011, hence is oil way too cheap?Goldman Sachs said in ...

Oil prices trading flat on lower dollar, awaits US markets

Oil prices are trading flat on Tuesday as the US dollar sinks lower and it seems that many investors are once again awaiting the US market open to get a ...

BP crashes to £11bn loss, writes off £20.8bn for oil spill

BP confirms the company posted losses of £11bn for the second quarter of the year and will write off £20.8bn to cover the cost of the Gulf of Mexico oil ...
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