OPEC

IBTimes Logo

Oil rises towards $76 on inventory data

Oil rose toward $76 a barrel on Thursday in its sixth straight session of gains after a government inventory report showed large drops in gasoline and distillate stocks, surprising the market.

Oil falls back under $75 after one-year high

IBTimes Logo
Oil fell back below $75 a barrel from year-highs and reversed its sixth straight positive session on Thursday after European shares pared gains and the euro fell on disappointing Q3 earnings reports, traders said.
More news
IBTimes Logo

Oil rises to 7-week high on demand outlook

Oil prices rose to a seven-week high above $74 a barrel on Tuesday after OPEC raised its 2010 demand forecast and the dollar weakened, boosting demand for commodities.
IBTimes Logo

Oil rises for 4th day on demand outlook

Crude oil rose to a seven-week high above $74 a barrel on Tuesday after OPEC raised its 2010 demand forecast and the dollar weakened, boosting demand for commodities.
IBTimes Logo

Oil falls toward $69 after U.S. fuel stocks rise

Oil prices fell toward $69 a barrel on Wednesday after U.S. data showed fuel stocks surged last week in the world's biggest energy consumer, signaling a recovery in oil demand could take more time.
IBTimes Logo

Oil rises toward $72 on recovery optimism

Oil prices rose toward $72 a barrel on Tuesday as investors bought commodities to hedge against a weaker dollar, and the U.S. government forecast an increase in world oil demand.
IBTimes Logo

Oil states say no talks on replacing dollar

Big oil producing nations denied a British newspaper report on Tuesday that Gulf Arab states were in secret talks with Russia, China, Japan and France to replace the U.S. dollar with a basket of currencies in trading oil.
IBTimes Logo

Oil falls to near $70 after U.S. employment data

Oil fell to near $70 a barrel on Friday after worse-than-expected U.S. employment figures raised doubts about the strength of the economic recovery, but a slump in the dollar helped drag crude prices off their lows.
IBTimes Logo

Oil rises above $67 on dollar, eyes on data

Oil rose above $67 per barrel on Wednesday, buoyed by a fall in the dollar and higher share prices, but gains were limited by an expected increases in U.S. oil inventories.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.