Latest news
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
Exxon Mobil and Total have resumed their activities in France.
The strike at 12 oil refineries and at the France's two largest ports ended on Friday. French oil sector posted 230 million Euros losses because of the strike.
read more... 05/11/2010