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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...

Gold futures up $52, trade over $1,700 an ounce

On Monday, gold futures continued to climb through the Asian trading session. The contract was up $52.00 to $1,703.80 an ounce. During the session, it...

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...

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...

Oil rally on price forecast upgrades

In reports published on Monday, both Goldman Sachs and Morgan Stanley increased their price forecasts for European benchmark Brent crude, citing decreasing spare capacity...

Signals about global recovery faltering raise concerns about oil demand

In the oil market, analysts agree that any signals about global recovery faltering will raise concerns about future oil demand. Oil prices slid from highs...

Precious metals rally on freash concerns about inflation

Precious metals rallied on Wednesday, as worries about inflation reappeared. Investors bought into gold and silver back after a selloff earlier this week. Gold for...

Oil reverses

Crude-oil futures bounced off 12-week lows in electronic trading Wednesday, as the U.S. dollar declined and encouraged buying in dollar-priced commodities, ahead of a...

Oil price extends losses

Oil price extended losses on Tuesday, as the dollar benefited from ongoing worries about European sovereign-debt issues and concerns about U.S. growth and oil...

Oil, gas to account for 83pc of Gulf energy investments

'Arab Oil & Gas 2011' to gather energy producers, service providers and technology vendors in Dubai Arab Oil & Gas (AOGS) 2011, the premier biennial...

Crude-oil futures rose; stocks advance in Asia

Crude oil futures rose more than 1% to trade above $98 a barrel, after sliding more than 15% last week amid a broad...

Oil markets expected to continue to tighten

Oil markets will continue to tighten over the next two years given expected robust growth in world oil demand and slow growth in...

Oil at two and half year high

Oil reached to its highest level since two years on Friday, as supply cuts stemming from attacks on Libyan oil fields offset demand concerns...