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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 better picture of short term oil price direction.
In London, Brent crude oil futures for September 2010 delivery was at $77.54, 12.00 GMT on the ICE [...]
Brent oil is trading firm near the $78 mark today with prices receiving a small lift as the US dollar showed signs of becoming weaker.
In London, Brent crude oil futures for September 2010 delivery was trading at $77.61, 16.30 GMT on the ICE Futures Exchange.
The ICE Dollar Index, which tracks the US dollar against a [...]
WTI oil prices are trading at the $79 mark on Monday afternoon as future prices may come from recovery signs in the US and Europe as well as activity in global stock markets.
US Light crude oil futures for September 2010 delivery was at $78.90 a barrel, 15.45 GMT on the NYMEX in light trading.
Oil prices [...]
Oil prices may see a lift this week as the EU hit Iran with new and tough sanctions against its vital oil industry today in a bid to lure Iran back to the negotiating table over its disputed nuclear program.
EU foreign ministers will formally approve the sanctions on today following Iran’s repeated refusals to halt [...]
WTI oil prices open trading close to the $80 mark in Asia as the US Gulf gets spared from the worst of tropical storm Bonnie which fell apart as it continued across southern Florida and the Gulf of Mexico.
US Light crude oil futures for September 2010 delivery was at $79.20 a barrel, 08.00 GMT on [...]
Brent crude oil prices open the week’s trading session higher near the $78 a barrel mark as Asian stock markets move up and European stock markets are expected to open a touch higher today.
In London, Brent crude oil futures for September 2010 delivery was at $77.83, 07.45 GMT on the ICE Futures Exchange.
Asian stock markets [...]
Both Brent and Light crude oil prices end the week’s trading session at four week highs although neither contract could break the $80 mark and short term future oil price forecasts remain clearly uncertain.
In London, Brent crude oil futures for September 2010 delivery ended the week at $77.55 on the ICE Futures Exchange, while US [...]
A recent Lloyd’s of London reported that the world is heading for a global oil supply crunch (better known as peak oil) and that lack of oil by 2013 could force oil prices of crude above $200 a barrel.
The Lloyd’s of London/Chatham House report, one of the London City’s most respected institutions has warned of [...]
An Iranian government official voiced his intentions to reject both US dollar and euro as payment for the oil giant’s energy exports in the future. Iran has the world’s second largest gas reserves and third largest oil reserves.
According to the Iranian television channel “Press TV”, vice-president Mohammad Reza Rahimi said: “It is important to exclude [...]
WTI oil prices look set to end the week trading close to the $79 mark which is the highest price since the first week in May this year.
US Light crude oil futures for September 2010 delivery was at $78.95 a barrel, 18.45 GMT on the NYMEX after hitting highs of around $79.50 at 09.30 GMT [...]
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