Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid a weak spot demand. Globally, West Texas Intermediate crude oil was trading 0.25 per cent lower at ...

Read More »

Oil holds above $75 supported by a big drop in U.S. crude inventories

Oil held above $75 a barrel on Thursday, within sight of a multi-week high hit a day earlier, supported by a big drop in U.S. crude inventories and surging European natural gas prices. U.S. crude ...

Read More »

Oil holds above US$ 75 on US inventories and gas prices

Oil held above US$75 a barrel on Thursday, within sight of a multi-week high hit a day earlier, supported by a big drop in U.S. crude inventories and surging European natural gas prices.U.S. crude ...

Read More »

Azerbaijani oil prices skyrocket

The price of Azeri LT CIF Augusta, produced at the Azeri-Chirag-Deepwater Gunashli (ACG) field, surged by $2.93 on Sept.15 compared to the previous price, reaching $77.19 per barrel, Trend reports ...

Read More »

Oil Steadies After Drop in U.S. Stockpiles, Gas Rally Spurs Gain

Oil steadied above $72 a barrel after U.S. crude stockpiles tumbled again and investors tracked a broader rally in energy prices.West Texas Intermediate edged up after hitting the highest intraday ...

Read More »