Latest news
Oil prices cannot break through $80 barrier
The oil prices failed to break the $80 mark resistance. After a short rally last sessions, the crude barrel ended with gains up to $79, after the release of new economical data
read more... 28/07/2010
Elliott Waves forecast oil price at $57 the next 6 months
According to technical analysts, the crude may drop below $57 per barrel in the next 6 months.
read more... 05/07/2010
Oil prices fell on unexpected inventory increase
Oil prices decreased the second day consecutively on Wednesday after unpredicted increase in US crude and gasoline inventories, reported by an industry report.
read more... 24/06/2010
Prices for crude are pushed up by flexible yuan
The prices for crude oil jumped on Monday over $78 per barrel after Central Bank of China let the yuan fluctuate freely against the dollar.
read more... 22/06/2010
Oil swings near $68 on high stocks worries
Oil swings near $68, after registering a seven-month low on Wednesday, the third decrease this week, as consequence of increasing U.S. crude stocks, influenced by stricter financial regulation in the U.S. and implications of Europe debt crisis on most commodities.
read more... 19/05/2010