Crude Oil Falls at Stockpiles Increase - April 6, 2011 22:51

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 […]

Crude Oil Declines on Latest Libyan Situation - March 29, 2011 20:15

Crude oil futures faced correction on Tuesday’s Asian trading session as the Gadhafi’s opposition forces continue to acquire land in Libya and have decided to resume crude oil exports. Crude oil future contract for May delivery dropped $0.08 to $103.91 per barrel in Asian trading session of New York Mercantile Exchange. The contract declined 1.4 […]

Crude Oil remains stable on Wednesday’s Asian Trading Session - March 23, 2011 11:21

Stability was witnessed in trading of crude oil futures on Wednesday’s Asian trading session as investors are closely watching the political crisis in Libya and other Middle Eastern countries. Crude oil future contract for May delivery remained the most active and slightly declined $0.07 to $104.90 per barrel on Globex trading session. The contract reached […]

Crude Oil Declines by the End of the Week on Mideast Protests - February 22, 2011 23:34

The crude oil futures witnessed correction by the end of the week on Friday and as uncertainty spread among investors over violent riots in Yemen, Bahrain and Libya. However if we look at the weekly position the US light crude oil advanced 0.7 percent while Brent crude oil surged more than 1 percent over the […]