The oil market saw an end to the recent slump on Thursday as prices bounced back above $72 (£44.22) a barrel, despite having slipped to less than $70 earlier in the day.US crude sank as low as $69.83 in morning trading as concerns over weak demand and building inventories continued to put downw... More
Crude oil prices fell for the second consecutive day on Wednesday after an increase in US inventories sparked fresh concerns over future energy demand.A report by the country's energy department showed stockpiles jumped by some 200,000 barrels during the week ending August 21st.This defied predictio... More
Oil prices tumbled back towards $72 (£44.16) a barrel on Tuesday, despite US data showing an increase in consumer confidence as the recession shows signs of easing.US crude for October delivery plunged three per cent, or $2.32, to settle at $72.05, while London Brent crude settled down $2.44 at... More
Oil prices rose further on Monday as fresh hopes of a global economic recovery helped extend last week's rally and pushed values beyond $74 (£45.22) a barrel.US crude for October delivery rose 48 cents to close at $74.37, while London Brent crude settled at $74.26 - up seven cents on the previo... More
Crude oil prices touched their highest point in ten months on Friday as the market was boosted by hopes that a potential economic recovery may be just around the corner.US crude for October delivery settled at $73.89 (£44.83) a barrel - its highest closing point since October 20th - after climb... More
Heating oil prices made fractional gains in New York this morning.Heating oil prices rose by a fraction of a cent on the New York Mercantile Exchange (Nymex) this morning (August 21st).Wholesale heating oil contracts traded in line with movements in crude futures, which also held steady this morning... More
An unexpected surge for crude, heating oil and other petrol products has provided a fillip for commodities and equity markets around the world.A report showing an unexpected shortfall in crude oil, heating oil and gasoline inventories in the US has helped to provide further support for global econom... More
Heating oil prices moved lower in New York this morning, tracking a slump in crude oil prices.Heating oil prices performed a U-turn on the New York Mercantile Exchange this morning (August 19th), wiping out nearly two-thirds of the gains seen yesterday during electronic trading ahead of the market's... More
Heating oil prices held steady this morning, recovering partially from two days of losses.Wholesale heating oil prices moved upwards this morning (August 18th), stabilising after two days of losses.By 04:27 Eastern Time, the September-delivery heating oil contract on the New York Mercantile Exchange... More
Heating oil prices moved lower in trading on the New York Mercantile Exchange (Nymex) this morning (August 17th), mimicking losses witnessed in crude futures.Extending the sharp downward revision in prices witnessed on Friday (August 14th), the headline September-delivery heating oil contract weaken... More
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