Oil Trading News
Oil Prices Fall as Stockpiles Remain High
Submitted 13 hours, 40 minutes ago. by ForexYard
2010-03-11: Oil Prices Fall as Stockpiles Remain HighCrude oil prices fell dramatically to their current level of $81.55, following OPEC’s announcement that it will continue to pump above its stated quota for the foreseeable future. The announcement caused Crude to fall, largely out of fears that supplies would remain high for the time being. Yesterday, [...]
Oil ends at 8-week high on gasoline inventory drop
Submitted 22 hours, 50 minutes ago. by admin
Oil prices settled at an eight-week high on Wednesday in choppy trading after a government report showed that gasoline stocks in the United States dropped unexpectedly.
U.S. crude for April delivery settled 60 cents higher at $82.09 per barrel, after reaching $83.03.
London ICE Brent for April settled at $80.48, up 57 cents.
“Today’s EIA data [...]
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