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Daily Market Update, Wednesday, November 03, 2010
Oil increased to a six-month high above $84 per barrel on Wednesday, after U.S. fuel inventories dropped. At 10:00 GMT, U.S. crude for December increased at $84.47per barrel, while ICE Brent climbed to $85.96 per barrel.
read more... 04/11/2010
Daily Market Update, Tuesday, November 02, 2010
Oil was up on Tuesday, due to an expected decision by the Federal Reserve to pump more money into the U.S. economy. At 10:34 GMT, U.S. crude for December increased at $83.31 per barrel, adding 2% percent, comparing previous session. ICE Brent climbed 17 cents to $84.79 per barrel.
read more... 03/11/2010
Angola seeks greater oil output quota as India looks into additional crude imports
As declared by Angolan Oil Minister, Jose Botelho de Vasconcelos, the country wants OPEC to grant them a bigger output quota as India shows interest in additional crude imports.
read more... 02/11/2010
Daily Market Update, Monday, November 01, 2010
Oil was up to around $82 per barrel on Monday due to the U.S. Federal Reserve commitment to start a new round of monetary stimulus this week, because of weaker dollar. At 10:52 GMT, U.S. crude for December increased at $82.14 per barrel, while ICE Brent increased by 76 cents arriving at $83.91 per barrel.
read more... 02/11/2010
Daily Market Update, Friday, October 29, 2010
Oil was down below $82 per barrel on Friday as investors, concerns about the form and scale of an expected monetary stimulus by the U.S. Federal Reserve next week. At 06:51 GMT, U.S. crude for December decreased at $81.73 per barrel, while ICE Brent dropped by $0.34 arriving at $83.25 per barrel.
read more... 01/11/2010