Crude oil prices rose during the early part of the Asian trading session only to recede once more to around $76 (£46) a barrel as European markets opened.Speaking to Bloomberg, Toby Hassall, a research analyst with CWA Global Markets Pty in Sydney, commented: "The market has run out of ste... More
Crude oil prices fell sharply during trading this morning (November 27th) as risk aversion swept stocks, commodities and currency markets after the announcement that Dubai World is struggling to pay its debts.The company, a state-managed property investment vehicle, was revealed to owe $59 billion (... More
It has been a volatile week in crude and heating oil trading, with strong gains and sharp losses witnessed through to Thursday morning (November 26th).Crude contracts trading on the New York Mercantile Exchange (Nymex) - which are considered the global benchmark crude prices - started out strongly o... More
Crude oil prices were rising moderately during the Asian trading session this morning (November 25th) after falling two per cent yesterday.Tuesday's losses came after a report from the American Petroleum Institute (API) showing an unexpectedly large build in crude and gasoline inventories last week,... More
Crude oil prices closed broadly level at the close of trading yesterday (November 23rd) despite registering strong gains in early trading on the back of a weaker dollar.The headline crude futures contract trading on the New York Mercantile Exchange closed for the day at $78.45 (£47.22) a barrel... More
Crude oil prices moved higher during the Asian trading session this morning (November 23rd), with a weaker dollar making US commodities more attractive to foreign buyers.During electronic activity on the New York Mercantile Exchange, the January-delivery crude oil contract climbed towards $78.50 (&#... More
Crude oil prices were relatively flat on the New York Mercantile Exchange this morning (November 20th) after a day of sell-offs witnessed yesterday drove prices down to $77.46 (£46.49) a barrel, down $2.12.Bloomberg attributed yesterday's slump, which was the biggest loss since November 12th, t... More
Crude oil prices moved lower for the first time in four days during electronic trading on the New York Mercantile Exchange (Nymex) this morning (November 19th).The dip, which was also seen in heating oil contracts trading on the exchange, came as the dollar strengthened against the euro, making comm... More
Crude oil prices climbed on the New York Mercantile Exchange this morning (November 18th) after closing marginally higher yesterday.During the Asian trading session, the headline crude contract moved closer to the $80 (£47.50) mark, with barrel prices supported by new demand data from the Ameri... More
Crude oil prices moved higher during trading on Monday (November 16th), with the New York Mercantile Exchange's headline contract gaining more than $2.50 (£1.48) to settle at $78.90 a barrel.Speaking to Reuters, Phil Flynn, an analyst at PFGBest Research in Chicago, attributed the day's gains t... More
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