Category Archives: Oil Prices

Brent oil trading back at $71 level as Euro slides lower, news updated June 5, 2010

Posted on June 8, 2010 by admin

Brent oil prices ended the week’s trading around the $71 mark, sliding more than four percent lower as the US dollar Index hit a new high for 2010 and the Euro sank lower against most other currencies. Brent crude oil … Continue reading →

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Oil prices fall under $70 on new European debt concerns, news updated June 07 2010

Posted on June 8, 2010 by admin

Crude oil prices have fallen under $70 in early trading on Monday as concerns the government debt crisis in Europe will widen, slowing a global recovery in fuel demand. US Light crude oil futures for July delivery fell to $69.51 … Continue reading →

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US WTI oil price rise to $72 on strong US demand data

Posted on June 2, 2010 by admin

US WTI oil prices hit $72 in trading on Thursday as the latest data showing a surge in US demand climbed almost seven percent over the past month the EIA said yesterday. US Light crude oil futures for July rose … Continue reading →

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OPEC member countries consider oil prices should rise above $65

Posted on June 2, 2010 by admin

> If crude oil prices drop to $65 a barrel then some OPEC member countries may consider the price is too cheap, Kuwait’s oil minister said, declining to comment on any action that the group might take to support prices.

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Oil prices surge to $71 on stock markets rebound

Posted on June 1, 2010 by admin

Crude oil prices rose to near $71 a barrel in early trading on Monday as recovering stock markets bolstered the confidence of crude traders. US Light crude oil futures rose to $70.69 a barrel at 12:30pm Singapore time on the … Continue reading →

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