Crude oil price remains strong in European morning as International Energy Agency raised its demand forecasts on the energy market. Moreover, surge in China’s net import for crude oil to the highest in 14 months also stimulated purchasing. For full story, click here
Tuesday, May 5, 2009
Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.
Continue reading "Crude oil headed for $71.55 a barrel"
Tuesday, February 24, 2009
U.S. crude oil futures were steady at higher levels late on Tuesday, after the industry group American Petroleum Institute announced rise in domestic crude stocks last week that was less than expected. For more information, click here
Continue reading "Crude steady at higher levels after small API stock build"
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Friday, June 12, 2009