Posts Tagged ‘Brent oil’
Gold and Oil News - April 8, 2011 22:39
Crude Oil Jumps above $124 on escalating Libyan Conflict
Crude oil futures contract reached its highest in last 32 months on Friday’s overnight trading session. Investors feared long-term oil supply cut from Libya on the latest update of country’s conflict. It seems that oil fields are being targeted in result of military strikes in Libya. Experts foresee more chances of losing crude oil for […]
Crude Oil Falls at Stockpiles Increase
Crude oil futures remained under pressure on Wednesday’s trading session after news of increase oil inventories as per latest report. However bullish stock markets, depreciating dollar and escalating crisis in Libya provided support for the oil contract. As per latest data of Energy Information Administration crude oil investors grew by 2 million barrels for the […]
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