Crude Oil remains Stable as Investor’s Keenly Watch Situation in Mideast - March 25, 2011 19:49

Crude oil futures remained stable above $105 per barrel on Friday as traders closely watched the political unrest in Middle East for next development. The positive news of increase in US real gross domestic product also had no affect on the commodities trading and oil prices. According to the revised data of US Commerce Department, […]

Crude Oil remains stable on Wednesday’s Asian Trading Session - March 23, 2011 11:21

Stability was witnessed in trading of crude oil futures on Wednesday’s Asian trading session as investors are closely watching the political crisis in Libya and other Middle Eastern countries. Crude oil future contract for May delivery remained the most active and slightly declined $0.07 to $104.90 per barrel on Globex trading session. The contract reached […]

Crude Oil Futures Reaches $104 per barrel on Shortage in Global Supply - March 7, 2011 13:11

Crude oil futures posted heavy gains on Friday and closed on $104 per barrel as the investors were uncertain about the shortage in global oil supply created due to crisis in Libya. Crude oil futures contract for April delivery surged 2.5 percent to $104.42 on Friday at New York Mercantile Exchange as compared to $101.91 […]