Posted on April 20, 2012 2:22 pm GMT
Crude-oil prices rallied sharply today, rising above $104 for the first time since dropping by over $20 on Wednesday.
Positive news flow from Europe and the UK helped lift market sentiment. Also talks of a boost to the IMF firepower eased […]
Posted on March 12, 2012 7:32 pm GMT
Crude oil prices slid for the first time in four days, erasing last week’s gain from the highest price in more than a week after Chinese economic data signaled weaker growth in the world’s second-largest consumer of oil.
China had its […]
Posted on February 21, 2012 2:47 pm GMT
Crude oil prices remain close to nine-month highs today, hovering close to $105 a barrel. On Monday prices touched $105.42, the highest since May 2011 as sentiment on a Greek bailout deal helped buoy commodity prices.
Recently oil has given a […]
Posted on February 20, 2012 7:40 am GMT
Crude oil prices surged higher on Monday, tracking gains in most markets during Asian trading hours after a move by the Chinese central bank to ease monetary policy. This helped lift market sentiment.
Crude for March delivery rose to $105.19, the […]
Posted on February 15, 2012 4:58 pm GMT
Oil prices jumped sharply earlier today on concern about supply disruption from Iran after Iran’s Press TV reported Iran had banned exports to six EU countries in retaliation for European Union sanctions against the Islamic state.
Crude oil for March delivery […]
Posted on January 26, 2012 9:26 am GMT
Oil prices hold on to gains made late Tuesday, driven by a weaker dollar as a result of the US Federal Reserve announcement to keep interest rates low until 2014.
Such a policy move by the Fed aims to bolster economic […]
Posted on January 23, 2012 3:45 pm GMT
The Canadian dollar strengthened against a broadly weaker U.S. dollar as positive sentiment in Europe helped to push the Canadian dollar close to parity with the greenback. Rising oil prices also helped lift the commodity-linked currency.
The U.S. dollar was recently […]
Posted on January 16, 2012 1:30 pm GMT
Oil prices rebounded today primarily due to geopolitical supply-side concerns. Oil climbed from the lowest price in almost four weeks as Iran said that a disruption to crude supplies through the Strait of Hormuz would cause a shock to markets […]
Posted on January 10, 2012 1:11 pm GMT
Crude oil prices have been steadily rising since the last New York trading on Monday, gaining 3 percent to peak at $103.06 a barrel by 12:00 GMT on Tuesday.
Oil prices have been vulnerable lately due to mounting tensions over Iran’s […]