Crude oil prices closed higher yesterday (April 28th) despite mounting concerns that Greece's debt crisis could spread throughout Europe.Spain and Portugal both saw their debt ratings downgraded following Moody's decision earlier in the week to demote Greece's rating to junk status.Clarence Chu, an ... More
The Week in Oil - April 26th to 29thOil prices started dimly this week before staging a somewhat inexplicable recovery on Wednesday...Crude oil prices traded lower at the beginning of the week, despite partial support from buoyant home sales figures in the US, and by the close of Monday's trading on... More
Crude oil prices continued to slide this morning (April 28th), extending losses seen yesterday as Greece's debt rating was downgraded to junk status by ratings agency Moody's.In the US the American Petroleum Institute also revealed a supply glut across oil, heating oil, gasoline and other products.A... More
Crude oil prices were down for a second day this morning (April 27th) after ending a five-day rally yesterday.By the close of trading on the New York Mercantile Exchange yesterday, the headline crude contract had fallen 1.1 per cent to settle at $84.20 (£54.74) a barrel, and has fallen below th... More
Crude oil prices were up in electronic trading on the New York Mercantile Exchange this morning (April 26th) following the latest US manufacturing and home sales data.Further signs of strengthening in the economy are expected tomorrow with the publication of consumer confidence figures for April and... More
Crude oil prices slipped further on the New York Mercantile Exchange this morning (April 23rd), weighed down by a stronger dollar.By the time European markets opened, the headline crude futures contract was trading at $83.48 a barrel, down 22 cents on yesterday's settle price.Both crude and heating ... More
Crude prices start dimly, slump in mid-week trading, and face pressure at close of week...Crude oil prices started the week extending the acute losses at the close of trading on Friday 16th April, with the continuing disruptions caused by the volcanic ash cloud engulfing much of Europe weighing on t... More
Crude oil prices were trading around $83.68 a barrel this morning (April 22nd), flat after losses yesterday following the latest Energy Information Administration (EIA) demand report.According to the group, crude inventories across the US rose 1.89 million barrels last week, against a 750,000-barrel... More
Crude oil prices were climbing on the New York Mercantile Exchange this morning (April 21st) as skies reopened across much of Europe.By the time European markets opened, the headline crude futures contract was trading at $84.28 (€54.80) a barrel, up 46 cents on yesterday's settle price.While th... More
Crude oil prices were rising on the New York Mercantile Exchange this morning (April 20th) as the resumption of flights across many parts of Europe led to increased demand for jet fuel.Flights have been grounded in the UK, Ireland, France, Germany and many other countries since the eruption of an Ic... More
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