Crude oil prices continued to rally this morning (December 30th) as traders awaited the latest demand report from the Energy Information Administration (EIA).A survey conducted by Bloomberg showed that analysts anticipate that crude oil supplies dropped by 1.85 million barrels in the US last week am... More
Crude oil prices held steady during the Asian trading session this morning (December 29th) and were selling at around the $78.75 (£49) mark as European markets opened.Yesterday, the New York Mercantile Exchange's headline crude contract reached a five-week high amid expectations of a further re... More
Crude oil prices rose for the third consecutive session during electronic trading on the New York Mercantile Exchange this morning (December 24th), with the commodity supported by the latest official demand report.According to the Energy Information Administration (EIA), US crude supplies fell by 4.... More
Crude oil prices moved higher during the Asian trading session this morning (December 23rd) as traders reacted to yesterday's announcement that stocks of crude and other products such as heating oil fell last week.The American Petroleum Institute (API) recorded a larger-than-anticipated inventories ... More
Crude oil prices moved lower on the New York Mercantile Exchange yesterday (December 21st) despite a series of attacks on western oil infrastructure in Nigeria over the weekend.Rebel groups operating in the oil-rich Delta region of Nigeria claimed responsibility for an attack on a pipeline owned by ... More
Crude oil prices inched higher this morning (December 21st) as military tensions between Iran and Iraq eased.Concern began to mount after Iranian troops took over an oil well on the border between the two countries, which Iraq considers to be part of its Fakka oilfield. However, the Iraqi military h... More
Crude oil prices are set to rise further today (December 18th), taking weekly gains to their highest level seen since October.The rally this week was driven largely by a stronger-than-expected report from the Energy Information Administration (EIA), which showed a large drawdown in inventories of pr... More
Oil prices moved lower in the Asian trading session this morning after strong gains yesterday.Crude oil prices were down in the Asian trading session this morning (December 17th) but held above $72 (£44) a barrel.The commodity made strong gains on the New York Mercantile Exchange yesterday, sup... More
Crude oil prices were on the rise this morning (December 16th), extending gains made yesterday on the back of industrial output data from the US.In the electronic trading session on the New York Mercantile Exchange, the headline crude oil contract rose above $71 (£43.70) a barrel this morning a... More
Crude oil prices moved lower for the tenth day in a row this morning (December 15th), with the headline contract on the New York Mercantile Exchange edging towards $69 (£42.40) a barrel.The falls were once more attributed to a fundamental weakness in demand, with traders apprehensive about the ... More
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