July 2010 Archive

Brent oil trading over $76 as UK PM looks to protect BP

Brent oil prices are back over the $76 mark on Tuesday afternoon as the UK PM looks to protect BP from the massive and potentially unlimited clean up costs being ...

Hedge funds raise bullish oil trading bets, get caught out

Hedge funds and other large speculators got caught out when they raised bullish trading bets that oil would gain by the most in more than three years, since 2007, ...

WTI oil trading through $77 & breaks from stock markets

WTI oil prices are trading up and back through $77 in a busy buying session as oil prices seem to be breaking away from following world and US stock market ...

IEA reports China beats US as No.1 oil & energy user

The IEA reported yesterday that China has now overtaken the US in terms of energy use and is now officially the world's biggest combined oil and energy user.The IEA's chief ...

Brent oil trading near $76, US markets push prices up

Brent oil is trading higher at open on Tuesday as prices get a boost from US markets as traders followed the latest US company results.In London, Brent crude oil futures ...

Oil Prices