Latest news
U.S. crude inventories increase more than estimated
Last week, US crude inventories increased by 4.8 million barrels, much more than estimated, or 1.1 million barrels, whilst the stocks of the products dropped, as stated by American Petroleum Institute on Tuesday.
read more... 02/09/2010
Oil price increases towards $72 after the release of the inventories data
The price of crude for October delivery increased to $71.9 after the release of the inventories data and the worries concerning a double-dip decline, caused by the depressing housing data.
read more... 26/08/2010
Daily Energy Market Overview 08.23.2010
Oil price fell sharply on US weak economical data. The price for crude fir September was at $73.70 per barrel, a 6-week low.
read more... 23/08/2010
Daily Energy Market Overview 08.19.2010
Oil price fell sharply on high US oil inventories. US crude oil was traded at $74.69 per barrel, 1 dollar less than the previous session.
read more... 19/08/2010
Daily Energy Market Overview 08.18.2010
The decline of crude has finally stopped, gaining more than 1% after registering one-month low on Monday. The price for September delivery was $ 76.82, $1.20 higher than the last session.
read more... 18/08/2010