Crude oil prices were moderating during electronic trading on the New York Mercantile Exchange (Nymex) this morning (October 30th) after a sharp spike seen yesterday in the wake of the latest US gross domestic product figures.During the Asian trading session, both heating oil and crude prices moved ... More
Crude oil prices dropped in electronic trading on the New York Mercantile Exchange this morning (October 28th), wiping out gains seen on Tuesday.At 04:27 Eastern Time, the commodity was trading at $79.12 (£48.35) a barrel, down 43 cents on yesterday's settle price.The losses came as the US doll... More
Crude oil prices continued to head downward in early trading today (October 26th), slipping back below the $80 per barrel level.Despite oil prices following an upward trend over recent weeks, demand for the product failed to sustain more growth, the Bloomberg news agency reveals.David Moore, a commo... More
Crude oil prices were headed for a week of gains on the New York Mercantile Exchange (Nymex) this morning (October 23rd).Although the commodity closed lower yesterday, a mid-week surge has put crude on course for a fourth consecutive week of gains.At 03:27 Eastern Time, Nymex crude futures for Decem... More
Headline crude oil prices climbed dramatically in late trading on the New York Mercantile Exchange (Nymex) yesterday (October 21st) after data from the Energy Information Administration (EIA) revealed an unexpected spike in demand for fuel last week.The EIA figures showed an unexpected drawdown on b... More
Crude oil prices dropped below $79 (£48) on the New York Mercantile Exchange in Asian trading on Wednesday (October 21st), with the commodity's recent gains offset by a stronger dollar.Conventionally, weakness in the dollar tends to lead to a rise in oil prices as investors look to hard assets ... More
Wholesale prices for crude oil climbed to the highest level in a year yesterday (October 19th), with strong earnings reports prompting a wider rally in stocks and shares.The Dow Jones Industrial Average also climbed back above the 10,000 mark yesterday after stronger than anticipated third-quarter e... More
Wholesale crude oil prices rose on the New York Mercantile Exchange this morning (October 19th), after registering strong gains at the end of last week.The November-delivery crude oil contract settled at $78.53 (£48.34) a barrel on Friday, with support coming from a wider rally in equities that... More
Crude oil prices surged above $77 (£47.05) a barrel on Thursday (October 15th), buoyed by a US government report which showed an unexpected draw in gasoline inventories.Data from the Energy Information Administration revealed that gasoline stocks fell by more than five million barrels during th... More
Oil prices reached their highest settlement point in more than a year on Wednesday (October 14th) as the recent market rally continued.US crude for November delivery settled at $75.18 (£46.43) a barrel, up $1.03 on the previous day, while London Brent crude gained 70 cents to close at $73.10.Th... More
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