Crude oil prices broke three days of losses yesterday and are continuing to rise in electronic trading on the New York Mercantile Exchange this morning (September 9th).Despite early losses, the front-month crude futures contract gained more than 50 cents to trade above $75 a barrel as European marke... More
Crude oil prices were falling for a third consecutive session on the New York Mercantile Exchange this morning (September 8th), pulled lower as equities tanked in Asia.At 03:05 Central Standard Time, the October-delivery crude futures contract was trading at $73.79, down 30 cents on yesterday's ... More
Crude oil prices lost more than 1.5 per cent in electronic trading on the New York Mercantile Exchange this morning (September 7th) as overseas investors bemoaned the rise of the dollar.A stronger dollar usually has a downward impact on crude and heating oil prices as the commodities become less att... More
Crude oil prices were falling for a second day on the New York Mercantile Exchange this morning (September 6th) as traders anticipate a drop in demand for gasoline in the US.The end of the US driving season, marked today by the Labour Day holiday, is expected to result in a sharp drop in demand for ... More
Crude oil prices were down on the New York Mercantile Exchange this morning (September 3rd), under pressure ahead of a key US unemployment report.Both crude and heating oil staged a late recovery in trading yesterday after US jobs figures provided support for energy commodities, but oil futures are ... More
Crude oil prices were flat around $73.80 a barrel as European markets opened this morning (Sepember 2nd), with the latest demand report from the Energy Information Administration (EIA) causing concern among traders.After rallying in the European trading session yesterday, crude prices were under pre... More
Crude oil prices were trading close to yesterday's (August 31st) settle price of $71.92 a barrel on the New York Mercantile Exchange this morning, but analysts expect further declines.Speaking to Bloomberg, Macneil Murray, a commodities analyst at Barclays Capital, said that unless crude prices ... More
Crude oil prices slumped on the New York Mercantile Exchange this morning, losing as much as 1.7 per cent to trade below $74 a barrel.The losses came after US salaries data from the Commerce Department showed incomes rose 0.2 per cent, lower than the 0.3 per cent median growth forecast predicted by ... More
Written by Neil Brunskill.Crude oil prices were falling on the New York Mercantile Exchange this morning (August 27th), set for their third week of losses.After a brief mid-week rally, both crude and heating oil have resumed their downward trend in early trading this morning, with crude down 20 cent... More
Crude oil prices were rallying for a second day on the New York Mercantile Exchange this morning (August 26th) as traders took the view that prices had fallen too far.By 02:43 Central Standard Time, the October delivery crude contract was trading at $73.10 a barrel, up 58 cents on yesterday's se... More
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