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oil prices, oil trading
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Falling oil inventories and a 2010 recovery in oil demand will boost crude oil prices this summer, Goldman Sachs predicted today. Goldman Sachs forecasts the crude oil prices will be trading between $92 and $97 a barrel in 3 to 6 months time.
“For this time of year, OECD total petroleum inventories would need to be [...]
Oil prices were nearly unchanged in Asia trading on Friday with Light oil futures above $82 a barrel on a slightly weaker US dollar.
Light crude oil futures for delivery in April traded at $82.16 a barrel at 0650 GMT, up $0.05 on the NYMEX, while in London, April Brent crude oil futures on London’s ICE [...]
Crude oil prices have rallied to within sight of 2010 trading highs this week, whilst the US dollar remains strong, where next for oil prices?
The contrast between the US Light oil price, which topped $83 a barrel on Wednesday, and signs of weak physical markets might preoccupy OPEC when it meets on March 17th and [...]
ICE and NYMEX crude oil prices are trading steady on Thursday amid growing questions and economic concerns over the 2010 global recovery.
Crude oil futures have traded between $69 and $84 in the first quarter of 2010, but crude oil futures have been very volatile within that range as evidence of a rebound in world [...]
Oil prices ended Tuesday’s trading session down, but still well above the $80 mark as a stronger US dollar and higher stock markets kept oil firm.
What analysts are currently predicting about oil prices
Despite Tuesday’s decline, many analysts expect crude oil prices to continue moving higher in the months ahead as gasoline demand begins to improve.
“Our [...]
Oil prices have been “buoyed by continued positive macroeconomic data flow and a gradual tightening of oil market balances,” Barclays Capital said in a report. “The dominant range is moving upward, and a rough $70 to $80 range will ultimately transition to a $80 to $90 range.”
US Light crude oil futures for April delivery was [...]
Crude oil prices climbed above $82 per barrel in electronic trading Monday afternoon in Asia, extending last week’s strength on an improving outlook for global demand.
Crude for April delivery climbed as high as $82.08 a barrel on Globex before edging back a bit to $81.94, still up 44 cents. “Like most other commodities, oil prices [...]
Crude oil prices jumped higher in trading on Friday afternoon above $82 as the market got a boost from the latest US jobs data which was better than most expected, traders said.
NYMEX Light crude oil futures for delivery in April, jumped to a high of $82.07 a barrel and is currently trading at $81.86, up [...]
Crude oil prices are steady in trading on Friday in Asia and are holding onto the $80 range as the US dollar benefited from doubts about whether Greece’s austerity measures aimed at slashing the country’s deficit will actually work.
Light crude oil futures for April delivery was up 53 cents to $80.74 a barrel at midday [...]
Crude oil prices are trading up around the $80 plus mark on Thursday after a two day jump fueled by growing investor optimism that global crude oil demand is recovering.
US Light crude oil futures for April delivery was down 23 cents to $80.64 a barrel at midday Singapore time in electronic trading on the NYMEX, [...]
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