Latest news
Daily Market Update, Monday, October 25, 2010
Oil was up above $82 per barrel on Monday, gaining for a second session as the U.S. currency weakened. The dollar dropped, as low as hitting a 15-year low against the yen. At 11:30 GMT, U.S. crude for December increased at $82.35 per barrel, while ICE Brent climbed to $83.50 per barrel.
read more... 26/10/2010
Oil price to increase sooner rather than later
Oil might reach $100 per barrel in the future due to Chinese increasing oil demand and a weakening dollar.
read more... 25/10/2010
Daily Market Update, Friday, October 22, 2010
Oil prices were up above $81 per barrel on Friday, because of a dip in the dollar index stoked buying for commodities. At 13:35 GMT, U.S. crude futures increased at $81.44 per barrel, while ICE Brent increased at $82.92 per barrel.
read more... 25/10/2010
Petroplus Holding is affected by the nationwide strike in France
Swiss-based oil refiner Petroplus Holding plans to convert its Reichstett refinery in eastern France to an oil terminal, after registering a larger than expected second-quarter loss in August.
read more... 22/10/2010
Daily Market Update, Thursday, October 21, 2010
Oil was down at $82 per barrel on Thursday, because of slight slowing in Chinese economic growth. At 12:09 GMT, U.S. crude for December delivery decreased at $82.20 per barrel, after rising almost 3% on Wednesday. ICE Brent dropped at $83.54 per barrel.
read more... 22/10/2010