Crude Oil News
London Brent crude oil fell more than $1 a barrel towards $65 a barrel on Friday as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.
Fri, 03 Jul 2009 17:26:00 GMT
PVM Oil Associates, the world's biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized trades that caused a temporary spike in Brent crude markets.
Fri, 3 Jul 2009 09:08:45 GMT
LONDON, July 3 (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorised trades earlier ...
Fri, 03 Jul 2009 12:15:00 GMT
LONDON, July 3 (Reuters) - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month ...
Fri, 03 Jul 2009 17:37:00 GMT
Oil Price News
Oil prices fell further on Friday, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.
Fri, 03 Jul 2009 12:59:48 GMT
Oil prices tumbled to their lowest level in a month Thursday following the release of woeful job numbers in Europe and the U.S.
Thu, 02 Jul 2009 22:55:15 GMT
July 3 (Bloomberg) -- Crude oil futures in New York fell below $66 a barrel, a 10 percent decline from this year’s high, marking a market “correction.”
Fri, 03 Jul 2009 17:06:38 GMT
July 3 (Bloomberg) -- Qatar Petroleum will supply full contracted volumes of crude oil to term customers in Asia in August, rolling back a 15 percent cut imposed in July on one of its grades, refinery officials said.
Fri, 03 Jul 2009 09:36:58 GMT
