Crude oil prices fell slightly on Friday as traders looked to cash in on the gains of the previous four days. Analysts had predicted that prices would continue to rise following the news that stockpiles of oil in the US fell for a sixth consecutive week. However, the price of US crude for Februa... More
Continuing concerns about supply combined with geopolitical events to send crude oil prices climbing on Thursday. A report by the US Energy Information Administration (EIA) showed that the country's stockpile of crude oil fell by 3.3 million barrels last week - the sixth consecutive weekly drop. ... More
The price of crude oil climbed on Boxing Day after the Turkish military stepped up its offensive against Kurdish separatists based in Iraq. Growing tension between the Turkish government and the Kurdistan Workers Party PKK in the past few months has helped to sustain crude oil prices above the $90... More
Crude oil prices climbed on Friday after the US government published data suggesting the expected economic slowdown may not be as serious as previously predicted. The figures showed consumer spending grew by 1.1 per cent during November - the biggest monthly increase for more than two years. Fea... More
Crude oil prices dropped slightly on Thursday after the US National Weather Service forecasted that the north-east of the country will experience higher temperatures than normal during the first three months of 2008.Demand for heating oil is a key factor in the price of crude during the northern hem... More
Crude oil prices could hit a new record high early next year, a leading city analyst has predicted. Growing demand from emerging economies, worries about supply and tensions in the Middle East have combined to send oil prices to a succession of all-time highs in the past few months. The upward t... More
Consumers keen to reduce their carbon footprint and use less energy are not easily fooled by marketing claims, it was suggested today. The claim came from Martin Gibson, programme director at business advisor Envirowise, who explained that consumers are becoming increasingly concerned about the gr... More
The downward trend in crude oil prices was reversed on Wednesday after it was revealed stocks of the commodity have fallen dramatically in the US.Prices had fallen for four consecutive days, as concerns about the state of the US economy prompted fears of a downturn in demand for oil products.However... More
The price of heating oil in the US hit an all-time high last week, according to a report published yesterday.Figures compiled by the Energy Information Administration (EIA) showed the average cost of heating oil to consumers climbed by three cents to reach $3.29 (£1.65) a gallon.The latest rise... More
Saving energy will be close to the top of many people's thoughts when they make their New Year's resolutions, the findings of a new survey suggest.Research commissioned by financial services company Friends Provident found that old favourites such as giving up drinking and starting an exercise regim... More
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