Crude oil prices rose above $82 (£54) a barrel on the New York Mercantile Exchange this morning (March 31st) as traders turned their attention to improving demand conditions, while heating oil also climbed.The latest report from the American Petroleum Institute (API) showed a decline in crude i... More
Crude oil prices rose above $82 (£54) a barrel on the New York Mercantile Exchange this morning (March 31st) as traders turned their attention to improving demand conditions, while heating oil also climbed.The latest report from the American Petroleum Institute (API) showed a decline in crude ... More
Crude and heating oil prices were up in electronic trading on the New York Mercantile Exchange this morning (March 30th), marking the second day of gains.The rally has been broadly attributed to a fall in the dollar which has made dollar-priced commodities more attractive to foreign investors.The do... More
Crude prices rose alongside heating oil during the electronic trading session of the New York Mercantile Exchange this morning (March 29th), with orders driven by a weaker dollar.While crude prices approached $81 (£54) a barrel, heating oil contracts gained more than a cent to trade around $2.0... More
Crude oil prices dipped on the New York Mercantile Exchange for a second consecutive day this morning (March 25th) and were holding above $80 (£53.60) as European markets, recovering partially from early losses.The downward momentum followed the latest inventory report from the Energy Informati... More
Crude oil prices dropped on the New York Mercantile Exchange this morning (March 24th) after a report from the American Petroleum Institute (API) revealed further weakness in demand for crude products.In a report published yesterday, the group showed a 7.5 million-barrel build in crude inventories f... More
The world may soon witness rapid oil price spikes and persistent shortages of crude products, a team of scientists led by former government adviser Sir David King has warned.The team of Oxford scientists has drawn up a report stating that current estimates for global oil reserves may be grossly over... More
Crude oil prices threatened to dip below $80 (£53.75) a barrel this morning (March 22nd) after India's central bank raised interest rates.The announcement late last week hit energy, metals and stocks across the board as traders anticipated a slackening of the pace of global recovery.The rate de... More
Crude oil prices were down on the New York Mercantile Exchange this morning (March 19th), with a rising dollar putting pressure on the commodity.As European markets opened, crude was trading marginally below $82 (£54) a barrel, while heating oil was also down in this morning's electronic sessio... More
Crude oil prices lost ground for the first time in three days this morning (March 18th) after the dollar rose against other major currencies and concerns about demand resurfaced.While the dollar rose sharply against the yen in the Asian trading session, investors moved out of crude and heating oil a... More
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