Future demand for oil may pull oil price lower
EIA reported an increase of 1.3 million barrels of crude oil for the week ended October 7, pushing the price lower.
Oil Market sees Correction
Last week, crude oil for November delivery slumped to a low of $74.95 per barrel and subsequently found a base before heading higher. Tuesday‘s...
Moderate increase in price of crude
A faster than expected second quarter growth in the U.S. economy and Germany’s agreement on Euro nations bailout helped crude rebound a bit from...
Oil tumbled 6.3% on negative data
U.S. crude oil futures lost more than 6 percent, the biggest one-day percentage drop in six weeks, as recession fears resurfaced following Wednesday's bleak...
Oil prices expected to move lower
Last week, crude oil for October delivery ended on a positive note as WTI advanced for the fourth week running. The contract expires on...
Crude oil advanced slightly for third consecutive week
Crude oil for October delivery managed to end the week in the positive, however only rose a little in weekly terms despite having ranged...
Global Oil Demand Growth Outlook lowered
The U.S. Energy Information Administration's short-term economic growth assumptions have been lowered substantially this month compared with August's Energy Outlook.
The latest forecast assumes that...
Reduce energy demands drive crude lower
Past weak, crude oil for September delivery had a rough two weeks as it sank to its lowest level in 11 - months, down...
Oil rallies on bargain hunting, renewed optimism
Crude-oil futures rallied 3.4% on Thursday, as bargain-hunting spread encouraged by U.S. stocks gain, driven by renewed optimism about the U.S. economy into most...
Crude oil futures lost 9.2% on the week
Crude oil futures ended slightly higher last Friday in the U.S.
Crude oil for September delivery added 0.3%, or 25 cents, to $86.88 a...
Oil outlook remains strong
There was a contract change for crude oil this week as volume on September delivery increased and the price rose for the fourth consecutive...
Dubai crude oil cheaper in October
The Dubai Department of Oil Affairs announced today that it has set the official selling price of the Dubai crude for the next October...
Crude Oil, Gold and Silver rise on weak Dollar
Crude oil prices climbed Wednesday as US inventories dropped unexpectedly last week. The Energy Information Administration reported on Wednesday, US Crude inventories fell 4.4M...
Expect petrol price hike
The UAE federal government has been fixing retail prices for petrol and diesel fuel at levels below retailers’ cost for the past many years....
Oil lost nearly 5%, below $95
Oil futures suffered steep losses on Wednesday. Oil for July delivery tumbled $4.84, or 4.9%, to $94.57 a barrel.
The dollar rallied more than 1%...
Oil falls on output and demand concerns
Oil futures declined nearly 3% Friday, as the dollar strengthened. The dollar traded higher compared to major rivals by the end of the last...
OPEC members unable to agree on oil output
Members of OPEC, the Organization of the Petroleum Exporting Countries, today fail to ratify a proposal by four Middle Eastern countries to boost the...