Crude oil prices closed at a five week low of $73.73 (£45.50; €52.57) a barrel on the New York Mercantile Exchange on Wednesday (January 27th), weighed down by the latest demand figures from the US.According to the Energy Information Administration's (EIA) weekly inventories report, there... More
Crude oil prices fell below $75 (£46.50) a barrel on the New York Mercantile Exchange yesterday (January 26th) and slipped further in early trading this morning.During today's Asian trading session, investment in commodities such as crude and heating oil was stifled by the strength of the dolla... More
Crude oil prices moved lower this morning as Chinese authorities pursued a further tightening of national lending policy.Crude oil prices were approaching $74 (£45) a barrel on the New York Mercantile Exchange this morning (January 26th), with many traders concerned by the latest restrictions i... More
Crude oil prices fell marginally during the Asian trading session this morning (January 25th) and remained below $75 (£46.50) a barrel on the New York Mercantile Exchange (Nymex).The commodity weakened further on Friday as concerns about China's lending policy persisted and US stocks endured a ... More
Crude oil prices made tentative upward movements during the electronic trading session of the New York Mercantile Exchange this morning (January 22nd), recovering from a one-month low.Although the commodity started brightly during the Asian trading session yesterday, weak demand data from the Energy... More
Crude and heating oil prices have held relatively steady during trading this week, recovering from early flutters to post marginal gains this morning (January 21st).Both commodities have languished in recent sessions as the freezing weather conditions in much of Europe and North America have eased, ... More
Crude oil prices dropped during the electronic trading session on the New York Mercantile Exchange this morning (January 19th), tracking a fall in equities markets.As European markets opened, the headline crude oil contract was trading around the $78-a-barrel mark, marking the seventh straight day o... More
Oil prices moved lower for the sixth day in a row this morning, as demand concerns re-emerged.Crude oil prices moved lower in the electronic trading session on the New York Mercantile Exchange this morning (January 18th), marking the sixth consecutive day of declines.The price of heating oil also di... More
Oil prices continued to drop in trading towards the end of the week, following ongoing concerns over the state of the economy and a drop in demand.Prices for both crude and heating oil futures fell on the New York Mercantile Exchange.Heating oil dropped to 206.72 cents per gallon, while crude future... More
The US Energy Information Administration (EIA) believes that prices of crude oil and derivatives will rise over the course of this year, and that the market will tighten on the whole.Releasing its Short-Term Energy Outlook report earlier this week, the organisation stated that it believed West Texas... More
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