Oil Prices Remain High With Russian Ban Looming - May 15, 2022 11:51

Friday brought another rise in Oil prices with a gain of around 4%, as record high prices were seen in US Gasoline. Investors are still rightly concerned that supplies will tighten if the EU does indeed go ahead and ban Russian imports. This was the third consecutive weekly increase in Oil prices, and also the […]

Oil Prices Fly Whilst Stocks Say “Whatever” - September 17, 2019 12:56

As you most likely know there was a little bit of an incident in Saudi Arabia at the weekend. Something about an Oil refinery being attacked and set ablaze, and the worlds Oil supply being disrupted. There’s currently lots of finger pointing happening from all sides on who is to blame for these attacks, but […]

Crude Oil Surged More than $109 per Barrel on US Inventories Data - April 21, 2011 14:11

Crude oil futures gained on Wednesday as United States released its key data on oil inventories. Escalating riots and violence in Nigeria also created uncertainty among investors on global oil supply and hence resulted in further hike in oil prices.  According to the latest news almost 33 people were killed due to violence in Nigerian […]

Crude Oil Declines on Latest Libyan Situation - March 29, 2011 20:15

Crude oil futures faced correction on Tuesday’s Asian trading session as the Gadhafi’s opposition forces continue to acquire land in Libya and have decided to resume crude oil exports. Crude oil future contract for May delivery dropped $0.08 to $103.91 per barrel in Asian trading session of New York Mercantile Exchange. The contract declined 1.4 […]

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 […]