Crude oil prices were flat around $73.80 a barrel as European markets opened this morning (Sepember 2nd), with the latest demand report from the Energy Information Administration (EIA) causing concern among traders.After rallying in the European trading session yesterday, crude prices were under pre... More
Crude oil prices were trading close to yesterday's (August 31st) settle price of $71.92 a barrel on the New York Mercantile Exchange this morning, but analysts expect further declines.Speaking to Bloomberg, Macneil Murray, a commodities analyst at Barclays Capital, said that unless crude prices ... More
Crude oil prices slumped on the New York Mercantile Exchange this morning, losing as much as 1.7 per cent to trade below $74 a barrel.The losses came after US salaries data from the Commerce Department showed incomes rose 0.2 per cent, lower than the 0.3 per cent median growth forecast predicted by ... More
Written by Neil Brunskill.Crude oil prices were falling on the New York Mercantile Exchange this morning (August 27th), set for their third week of losses.After a brief mid-week rally, both crude and heating oil have resumed their downward trend in early trading this morning, with crude down 20 cent... More
Crude oil prices were rallying for a second day on the New York Mercantile Exchange this morning (August 26th) as traders took the view that prices had fallen too far.By 02:43 Central Standard Time, the October delivery crude contract was trading at $73.10 a barrel, up 58 cents on yesterday's se... More
Crude oil prices were rising during the electronic trading session of the New York Mercantile Exchange this morning (August 25th), rising back above $72 a barrel.Yesterday, crude extended losses and prices approached $70 a barrel before settling at $71.63, with the late rally staged by traders perce... More
Crude oil prices were lower for a fifth consecutive session this morning (August 24th), registering losses in excess of one per cent.By 02:44 Central Standard Time, the October-delivery crude contract was trading at $72.21 a barrel, down 89 cents on yesterday's closing price.Heating oil futures ... More
Crude oil prices were climbing this morning (August 23rd) as Chinese equities rallied on the back of stronger-than expected earnings reports.Prices slumped to their lowest level in six weeks on the New York Mercantile Exchange last week, driven lower by weak employment data in the US, but China'... More
Individuals have been encouraged to consider cutting their energy costs as quickly as possible in order to be prepared for the winter months.Energy manager at moneysupermarket.com Scott Byrom said many UK homeowners are experiencing 'fuel poverty' without even realising it."We firmly be... More
Distillate fuels, which include heating oil, have risen by 1.1 million barrels, a new report has revealed.The US Energy Department's Energy Information Administration noted in its weekly overview that heating oil stock increased by as much as expected, while gasoline and crude supplies experienc... More
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