Crude oil prices were set to record the biggest weekly loss seen in four weeks this morning (July 30th), driven lower by concerns about the pace of economic recovery in the US and across the globe.The August-delivery crude contract on the New York Mercantile Exchange rose by more than a dollar to tr... More
Crude oil prices were hovering below $77 a barrel on the New York Mercantile Exchange this morning (July 29th), subdued after yesterday's demand report from the Energy Information Administration (EIA) showed an unexpectedly large increase in crude stocks.The September-delivery crude contract fell be... More
Crude oil prices reversed early losses during the electronic trading session of the New York Mercantile Exchange this morning (July 28th) after positive economic data from China.Gains in Chinese equities helped to support the commodity, while underlying consumer spending and tourism figures increase... More
Crude oil prices reversed early gains yesterday (July 26th) as traders anticipated another weak demand report from the Energy Information Administration.Polls carried out by both Bloomberg and Reuters showed widespread expectations that demand for crude improved last week, but distillate stocks incl... More
Crude oil prices rose above $79 a barrel in electronic trading on the New York Mercantile Exchange this morning (July 26th), responding to stronger equities in Asia and Europe.An air of confidence returned to the markets this morning after the results of the European banking stress tests showed cons... More
Crude oil prices rose dramatically on the New York Mercantile Exchange yesterday (July 22nd) after meteorologists warned that Tropical Storm Bonnie is on a collision course with oil and gas infrastructure in the Gulf of Mexico.The announcement caused BP to suspend efforts to cap the Deepwater Horizo... More
Crude oil prices were falling on the New York Mercantile Exchange this morning (July 22nd), extending losses seen late yesterday after the latest demand report from the Energy Information Administration (EIA).Analysts had expected US crude inventories to have declined by around one million barrels l... More
Crude oil prices were rising during electronic trading on the New York Mercantile Exchange as Asian markets reacted to yesterday's petroleum demand report from the American Petroleum Institute (API).The latest figures from the industry-funded organisation suggested a substantial decline in crude sto... More
Crude oil prices were rising on the New York Mercantile Exchange this morning (July 20th) and were above $77 a barrel in the Asian trading session.Heating oil prices were also rising on the bourse, although both had retreated from early gains by the time European markets opened.Support for the commo... More
Crude oil prices were below $76 a barrel on the New York Mercantile Exchange this morning (July 19th), with weak equities in Asia pushing the commodity lower.Heating oil prices were also down in morning trade as concerns about a global economic slowdown persisted, with many traders expecting that we... More
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