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 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 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 […]