Crude Oil Falls below $112 per barrel - April 26, 2011 0:26

Crude oil futures remained under selling pressure on Monday as many experts thought that the correction was overdue. Crude oil futures contract for June delivery dropped 0.7 percent or $0.72 to $111.49 per barrel at New York Mercantile Exchange on Monday as compared to $113.48 per barrel on prior trading session. Crude oil has gained […]

Crude Oil Futures Decline as Traders remain Uncertain about Future Demand - April 13, 2011 0:27

Crude oil futures remained under pressure on Tuesday and traders were worried that high oil prices could result in decreased demand globally. Light crude oil futures contract for May delivery declined 3.3 percent or $3.67 to $106.25 per barrel on Globex trading session of New York Mercantile Exchange. Crude oil future contract plunged 2.4 percent […]

Crude Oil Posts Its Highest Weekly Gain Since September 2008 - February 27, 2011 14:36

The US crude oil future surged on Friday and reported the highest weekly gain since September 2008 over political turmoil and escalating riots in Libya. On Thursday the crude oil price reached their highest in last 2.5 years.