Oil Trading
Get ready to trade oil if Iran closes Strait, prices to shoot 50 percent higher

Get ready to trade oil if Iran closes St

If Iran were to follow through with its threat to close the Strait of Hormuz, the impact would be immediate as energy analysts say the price of oil would start to soar and could rise 50 percent or more within

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JP Morgan latest crude oil price forecast remains on the upside

JP Morgan latest crude oil price forecast remains on the upside

JP Morgan said on Friday it sees continued upside price risks conducive to oil prices moving to $130 per barrel for 2013 from ongoing geopolitical issues, low spare capacity, the potential for stock building, and currency related issues. Oil Price

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Brent oil price dips under $106 as stock markets crash lower

Brent crude oil futures open today's trading session under $106 a barrel as global stock markets crashed lower yesterday, dragging oil prices and other commodities down as mounting fears over ...

WTI oil trading near $80 as US crude gets wacked 6.2 percent lower

WTI oil futures open Friday's trading session back around $80 a barrel as US crude gets wacked lower by over 6 percent in a gloomy sell off in markets yesterday ...

Brent oil trading at $108 as global stock markets sell off

Brent oil futures open today's trading session back around $108 a barrel as global stock markets sell off again after the US Fed's pessimistic assessment of the American economy and ...

WTI oil price falls back to $84, US Dollar Index makes gains

The price of US WTI oil has taken another nosedive in early trading this morning, back to near $84 a barrel as the US Dollar Index made gains and a ...

Brent oil hovers near $109 as Italy downgrade adds to Euro gloom

Brent oil prices open today's trading session hovering around $109 a barrel as Italy had its sovereign credit rating downgraded by Standard and Poor's, which is keeping the country's outlook ...

WTI oil trading under $86 as Euro debt fears drag on markets

WTI oil futures open Tuesday's trading session back under $86 a barrel as Euro debt fears drag on stock markets and concerns that a slowing world economy will cut demand ...

Brent oil price hovers at $111 as Greek debt hits market confidence

Brent crude oil prices open the week's trading session back around $111 a barrel as the debt crisis which surrounds the EU could worsen this week with Greek debt the ...

WTI oil opens trading under $87 as EU debt fears boosts US dollar

WTI oil futures open Monday's trading session back under $87 a barrel as continued EU debt fears surrounding Greece boost the US dollar against the euro, another signal that markets ...

Brent oil price ends week at $112, European debt in focus

ICE Brent oil futures end Friday's trading session unchanged over last week's closing price as leaders and central banks scramble together to contain a debt meltdown in European countries, starting ...

Brent oil price formula revised by Platts angers traders

Platts, the oil pricing service, has unveiled a significant revision to the way it assesses the Brent oil pricing benchmark, angering traders who say the change is being pushed through ...

WTI oil price ends week back under $88 on Greece concerns

WTI oil futures end the week's trading session back under $88 a barrel as investors sell ahead of the weekend as signs of friction emerged from a key meeting of ...

Brent crude steady as Goldman Sachs forecasts $130 oil price

Brent crude oil futures open today's trading session near $113 a barrel as oil prices moved higher with markets on Thursday, with sentiment boosted by Goldman Sachs forecast that Brent ...

WTI oil trading firm at $89 as loan promise to banks lifts markets

WTI oil futures open Friday's trading session firm at $89 a barrel as markets were lifted on news that five of the world's leading central banks will back unlimited cash ...

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