Latest news
Russia increased its oil export duty.
Russia may increase its oil export duty by 4% to $302 - $304 per ton in December, because of oil price increase to a two-year high.
read more... 11/11/2010
Daily Market Update, Wednesday, November 10, 2010
Oil was up above $87 per barrel on Wednesday, because of an important fall in U.S. crude oil inventories despite a stronger dollar and a fall in Chinese oil imports. At 09:30 GMT U.S. crude futures for December increased at $86.92 per barrel, while ICE Brent increased at $88.56 per barrel.
read more... 11/11/2010
Daily Market Update, Tuesday, November 09, 2010
Oil was up on Tuesday, hitting a new two year high above $87 per barrel, despite earlier losses. U.S. crude oil futures increased at $87.67 per barrel, the highest level since October 2008, while ICE Brent climbed to $88.76 per barrel.
read more... 10/11/2010
Daily Market Update, Monday, November 08, 2010
Oil prices were up on Monday, registering a sixth consecutive increase, reaching a two-year peak above $87 per barrel, on worries regarding inflation following the monetary stimulus of the Federal Reserve Bank in order to sustain oil.
read more... 09/11/2010
Daily Market Update, Friday, November 05, 2010
Oil decreased from a two-year high on Friday, but losses were limited by the new U.S. economic stimulus. At 11:28 GMT, U.S. crude futures dropped at $86.37 per barrel, while ICE Brent futures fell to $87.75 per barrel.
read more... 08/11/2010