Crude oil prices look set to retain the largest monthly rise seen since October as a weak dollar continues to provide support for the commodity.Bloomberg data shows that crude futures are likely to rise 7.8 per cent this month, recovering from the 8.2 per cent drop witnessed in January.Prices slumpe... More
Crude oil prices moved lower on the New York Mercantile Exchange this morning (February 25th), weighed down by disappointing demand data from the Energy Information Administration.The government group's weekly inventory report showed 3.03 million-barrel build in crude oil stocks across the US, while... More
Crude prices were holding around $79 (£51.10) a barrel during trading this morning (February 23rd), flat after losses seen yesterday.Heating oil prices were also steady on the New York Mercantile Exchange, with investors awaiting a weekly demand report from the Energy Information Administration... More
Heating oil prices moved lower on the New York Mercantile Exchange this morning (February 23rd), tracking losses seen in crude futures.Despite marginal losses, both commodities continued to trade near a six-week high as concerns about a possible European fuel shortage continued to weigh on investors... More
Crude oil prices moved lower this morning (February 23rd) but held above $80 (£51) a barrel after strong gains yesterday.Heating oil prices also moved lower and were trading around the $2.07-a-gallon mark as European markets opened.Prices climbed yesterday amid fears that a strike organised by ... More
Crude oil prices breached $80 (£51) a barrel during the electronic trading session of the New York Mercantile Exchange this morning (February 22nd), driven by Asia-Pacific markets.The rally came as speculation grew that the European Union is bundling up a bailout package for the Greek economy a... More
Crude oil prices dipped for the first time in four days this morning (February 19th) as data from the Energy Information Administration (EIA) showed an unexpected build in crude oil and gasoline inventories.Figures from the organisation showed a 3.1 million-barrel rise in crude inventories, while ga... More
Crude oil prices registered dramatic gains on the New York Mercantile Exchange yesterday (February 16th) and have moved closer towards $78 (£49) a barrel this morning.Yesterday's rally, which added more than $2 to the price of crude and also sent heating oil prices up, was inspired by a fall in... More
Crude oil prices climbed during the Asian trading session this morning (February 16th), tracking gains in regional stocks and shares.Despite Europe's mounting debt crisis, the MSCI Asia-Pacific Index climbed 0.5 per cent during early trading, with Bloomberg data recording a rise in three stocks for ... More
Crude oil prices recovered from early losses to hold steady around $74 (£47) a barrel during the electronic trading session of the New York Mercantile Exchange this morning (February 15th).Heating oil prices were also little changed on the exchange, as traders forecast a potential rally in ener... More
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