Crude Oil Futures fell on Tuesday in Reaction to Stronger Greenback - September 7, 2011 23:32

Crude oil futures dropped on Tuesday as the US dollar gained. Further raising concerns over sluggish global further resulted in pressure on oil futures. Crude oil futures contract for October delivery fell 0.5 percent or $0.43 to $86.02 per barrel on New York Mercantile Exchange. The respective contract posted slight gains on the news of […]

Crude Oil Declines on unresolved US Debt Ceiling Talks - July 28, 2011 21:09

Crude oil futures fell on Wednesday as investors raised concerns if debt ceiling talks will be resolved. Analysts from Barclay commented, “With the U.S. failing to reach any agreement to tackle their debt issues, the probability of a downgrade remains, this, along with seasonal illiquidity, is likely to keep the downward pressure on prices intact, […]