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 remains Stable as Investor’s Keenly Watch Situation in Mideast - March 25, 2011 19:49

Crude oil futures remained stable above $105 per barrel on Friday as traders closely watched the political unrest in Middle East for next development. The positive news of increase in US real gross domestic product also had no affect on the commodities trading and oil prices. According to the revised data of US Commerce Department, […]

Crude Oil Futures Reaches $104 per barrel on Shortage in Global Supply - March 7, 2011 13:11

Crude oil futures posted heavy gains on Friday and closed on $104 per barrel as the investors were uncertain about the shortage in global oil supply created due to crisis in Libya. Crude oil futures contract for April delivery surged 2.5 percent to $104.42 on Friday at New York Mercantile Exchange as compared to $101.91 […]